Pops & Drops: Caterpillar, Hewlett-Packard
Following are the week’s biggest winners and losers. Find out why shares of Caterpillar and Hewlett-Packard popped while Dynegy and Accenture dropped.
POPS (stocks that jumped higher)
Caterpillar (CAT) popped 8%. Investors bid this stock higher on a durable goods number that was stronger than expected. - I think it's a buy but not here, says Guy Adami.
Hewlett-Packard (HPQ) popped 13%. The firm popped on signs of strength in the PC market and a positive report from Sanford Bernstein. - I'd take some profits, counsels Jeff Macke.
Barclays (BCS) popped 43%. The UK’s third largest bank passed Britain’s stress tests and Credit Suisse said the bank may be in a better capital position than previously thought. - That's a nice move, muses Karen Finerman.
China Mobile (CHL) popped 7%. This stock made gains after Beijing said that China’s economy was stabilizing. - It's a real bellwether for emerging market investors, explains Tim Seymour.
Deere (DE) popped 10%. The world’s largest maker of farm equipment also caught a tailwind after the government reported durable goods and new home sales unexpectedly rose in February. - Jeff Macke doesn't know what to say.
Rio Tinto (RTP) popped 11%. The metal miner climbed in tandem with the spot price of copper and other metals. - That's pretty good, says Tim Seymour.
Home Depot (HD) popped 4%. Investors are betting that home improvement will be a priority as consumers begin to spend a little more. - Guy Adami told you to get long, reminds Jeff Macke.
Sears (SHLD) popped 20%. The largest US department store kept on trucking despite the fact that Moody’s cut its credit rating. - I wouldn't own it, counsels Karen Finerman.
DROPS (stocks that slid lower)
Dynegy (DYN) dropped 13%. Macquarie Capital downgraded the firm on concerns rival LS Power Group won’t make a buyout offer. - It's more of an option than a stock, says Guy Adami.
Accenture (ACN) dropped 10%. The consulting firm lowered its 2009 forecast and Stifel Nicolaus downgraded the stock due to deteriorating demand. - Guiding down is never a good thing, says Karen Finerman.
SPDR Gold Trust ETF (GLD) dropped 3%. The ETF that tracks gold did what it’s supposed to do – move in tandem with this precious metal. - I think inflation is back in play and in the long term gold should run higher, speculates Tim Seymour.
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Trader disclosure: On Mar. 27th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (AAPL), (POT), (WMT), (SDS), (GE), (GS); Macke Is Short (BRK.B); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Seymour Owns (AAPL), (BAC), (FXI), (EEM), (TTM), (RIO), (TSO), (WFC); Finerman's Firm Is Short (IJR), (MDY), (SPY), (USO), (IWM); Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Owns (MSFT); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Is Short (BPO)