Corning (GLW) popped 6%. The maker of glass panels for LCD TV’s popped after a positive note from Bernstein, citing improved LCD inventory levels. - I think it's a buy on a pullback, says Guy Adami.
American Express (AXP) popped 7%. The credit card company was the top performer in the Dow Wednesday with the entire financial sector making gains. - They could get some traction from the TALF, muses Karen Finerman.
Limited Brands (LTD) popped 5%. Investors liked the looks of this firm, the owner of Victoria’s Secret. - The retailers have been surprisingly resilient, muses Jeff Macke.
Vodafone (VOD) popped 7%. Goldman added the firm to its “conviction buy” list and Morgan Stanley upgraded it to “overweight” from “equal weight.”
AK Steel (AKS) popped 9%. The steelmaker climbed despite a bleak outlook from Morgan Stanley who said steel prices will probably fall 19% more than previous forecast.
Ashland (ASH) popped 7%. JPMorgan upgraded the firm to “overweight” from “neutral,” citing likely increased cash flows and earnings strength.
Saks (SKS) popped 13%. Investors liked a Wall Street Journal report that said the department hoped to gain back sales by offering lower cost products.
DROPS (stocks that slid lower)
Stryker Corp (SYK) dropped 3%. The FDA rejected approval of the company’s spinal “putty” bone-growth product for expanded use. - If the FDA rules against you, that's going to hurt everytime, says Pete Najarian.
Apollo Group (APOL) dropped 15%. Baird downgraded the company due to concerns about their 2010 earnings. - I think it looks cheap here, says Guy Adami, but it could have another day on the downside.
Danaher (DHR) dropped 3%. JP Morgan downgraded this tool maker to “neutral” from “overweight.” - Not a bad place to be if you're bullish on industrials, says Karen Finerman.
Aflac (AFL) dropped 3%. The largest seller of supplemental insurance fell on a debt downgrade at S&P.
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your e-mail to email@example.com.
Trader disclosure: On Apr 1st, 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 (GS), (GE), (FAS), (WMT), (AAPL), (MOS); Macke Is Short (BRK.b): Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU): Finerman Owns (RIO): Finerman's Firm Owns (MSFT), (RIO): Finerman's Firm Is Short (IJR), (MDY), (SPY), (USO), (IWM), (BAC), (BBT), (WFC): Finerman's Firm Owns (BAC) Preferred: Finerman Owns (BAC) Preferred: Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Is Short (BWA); Finerman's Firm Owns (TDC); Najarian Owns (AAPL) Call Spread; Najarian Owns (BNI) Call Spread; Najarian Owns (C) Call Spread; Najarian Owns (FAS) Call Spread; Najarian Owns (PALM) & (PALM) Calls; Najarian Owns (RIO) Calls; Najaria Owns (SWY) Calls; Najarian Owns (POT) Call Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (CREE) Calls