MetLife (MET) popped 20%. Bank of America upgraded the firm to “buy” after the company reported a strong capital “cushion”. - Everything the Fed said on Wednesday is good for insurers, says Tim Seymour.
Utilities SPDR ETF (XLU) popped 3%. The Utilities ETF plunged as Treasury yields made dividend payouts from this group an attractive play. - I wouldn't race into this, says Guy Adami.
Darden Restaurants (DRI) popped 20%. The owner of Olive Garden and Red Lobster beat on third quarter earnings and said earnings for the full-year should exceed expectations. - Unbelievable performance here, exclaims Pete Najarian.
First Solar (FSLR) popped 2%. After yesterday’s big decline, investors must have thought the stock was oversold. - There were market rumors that it was going to be included in the S&P, explains Tim Seymour.
Starbucks (SBUX) popped 3%. At its annual shareholders meeting the coffee chain announced plans to return to profitability and growth. - It seems to me they're getting it together, says Pete Najarian.
Guess? (GES) popped 14%. Investors were impressed that the clothing maker beat on fourth quarter earnings.
Eli Lilly (LLY) popped 2%. Citigroup upgraded the firm to ‘Buy’ from ‘Hold’ citing likely approval of the company’s new blood thinner, Effient.
DROPS (stocks that slid lower)
Hewlett-Packard (HPQ) dropped 3%. The PC maker dropped on the news that rival IBM is in talks to buy Sun Microsystems. - I think this stock at these levels is an attractive buy, says Joe Terranova.
General Mills (GIS) dropped 11%. The company’s full year earnings forecast missed analysts’ estimates and third quarter profits fell by a third. - Guy Adami doesn't know what to say.
Hess (HES) dropped 3%. Crude inventories swelled to their highest levels in nearly two years.
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Trader disclosure: On Mar. 18th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (EEM), (FXI), (GG); Seymour Is Short (X); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (AMZN), (BP), (KCE), (JPM), (X), (POT), (WYNN), (XBI), (HESS), (INTC), (BRCM), (DELL), (JOYG), (FXC), (XOM); Terranova Owns (COP) Calls; Terranova Owns (DIS) & (DIS) Calls; Terranova Owns (AMGN) & (AMGN) Puts; Terranova Owns MACI Oil Futures; Terranova Owns (IBM) Spread; Najarian Owns (C) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (GDX); Najarian Owns (GD) Call Spread; Najarian Owns (GLD) Put Spread; Najarian Owns (JPM) & (JPM) Calls; Najarian Owns (MS) & (MS) Calls; Najarian Owns (MSFT) & (MSFT) Calls; Najarian Owns (ORCL) Call Spread; Najarian Owns (TGT) Call Spread; Najarian Owns (X) Call Spread; Najarian Owns (WFC) & (WFC) Puts; Najarian Owns (XHB) Call Spread; Najarian Owns (WDC) Call Spread; Najarian Owns (SMH) Calls