GO
Loading...

All New Pops And Drops: Perrigo, Flextronics...

Tuesday, 23 Mar 2010 | 5:50 PM ET

Following are movers that you might have missed. Find out why Perrigo and Flextronics popped while Beckman Coulter dropped. How should you game these lesser knownstocks?

POPS (stocks that jumped higher)

American Superconductor (AMSC) popped 9%. Jefferies raised this maker of high voltage transmission lines to ‘buy’ from ‘hold’. - I think it goes above $30, speculates Joe Terranova.

Stock Pops & Drops
The Fast Money traders take a look at todayâ??s biggest market movers.

Flextronics (FLEX) popped 5%. Raymond James upgraded this firm to ‘strong buy’ from ‘outperform’ citing stronger revenue growth. - Not bad, says Tim Seymour.

Perrigo (PRGO) popped 12%. The maker of pharma products closed higher after announcing it will buy PBM Holdings, an infant formula maker, for $808 million. - I think the acquisition benefits the company almost immediately, says Pete Najarian.

Triumph Group (TGI) popped 10%. The maker of aircraft components agreed to buy Vought Aircraft Industries for $984mln.

Harman International (HAR) popped 4%. The maker of audio systems pushed to new yearly highs for no clear reason.

Sequenom (SQNM) popped 20%. Lazard upgraded this diagnostic testing company to ‘Buy’ citing confidence it will create a test for down syndrome.

Allied Irish Banks (AIB) popped 5%. A broader rally in the financials generated a nice tailwind for this Dublin-based bank. - If they get the bad loans off the books I think you're looking at another Citi situation, says Brian Kelly.

DROPS (stocks that slid lower)

Beckman Coulter (BEC) dropped 7%. The maker of biomed testing instruments closed lower after the FDA said it believed the company improperly modified its test for coronary artery disease. - That's a bad thing, says Gary Kaminksy.

China Southern Airlines (ZNH) dropped 5%. Uncertainty over the yuan dragged down this China-based airline.






______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com 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 fastmoney@cnbc.com.

Trader disclosure: On March 23, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Owns (AA) Call Spread; Najarian Owns (AKS) Call Spread; Najarian Owns (CLF) Call Spread; Najarian Owns (TCK); Najarian Owns (TEVA); Najarian Owns (MYL); Najarian Owns (F) Call Spread; Najarian Owns (INTC) Calls; Najarian Owns (TIE) Call Spread; Najarian Owns (YHOO) Call Spread; Najarian Owns (BAC) Call Spread; Najarian Owns (C) Calls; Najarian Owns (F) Calls; Najarian Owns (RHT) Calls; Najarian Owns (TIE) Calls; Najarian Owns (YHOO) Call Spread; Terranova Is Short (CAL), (UAUA), (GOOG), (GS); Terranova Owns (QCOM), (APA), (TER), (BEAV), (AMSC); Terranova Owns (GS) Puts; Terranova Is Long Crude Oil May Futures; Cortes Is Short Euro; Grasso Owns (AAPL), (ABK), (ASTM), (BA), (BAC), (BGP), (C), (COST), (CSCO), (PFE), (PRST), (WMT), (JPM), (NEM); Edwards Owns (TM); Edwards Owns (AAPL) For Clients; Edwards Owns (F) For Clients; Edwards Owns (CSCO) For Clients; Edwards Owns (GOOG) For Clients; Edwards Owns (JCG) For Clients; Edwards Owns (INTC) For Clients; Edwards Owns (MSFT) For Clients; Edwards Owns (QQQQ) For Clients; Edwards Owns (RIMM) For Clients; Edwards Owns (SPY) For Clients; Seymour Owns (AAPL), (BAC), (BX), (CHL), (TIE); Seygem Asset Management Owns (VALE)

GE Is The Parent Company Of CNBC

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (GOK)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLI)

For Brian Kelly
Kanundrum Capital Owns (AAPL)
Kanundrum Capital Owns (CAT)
Kanundrum Capital Owns (DE)
Kanundrum Capital Owns (EVR)
Kanundrum Capital Owns (BX)
Kanundrum Capital Owns (PAG)
Kanundrum Capital Owns (IBM)
Kanundrum Capital Owns (BUCY)
Kanundrum Capital Owns (JOYG)
Kanundrum Capital Owns (SYY)
Kanundrum Capital Owns (MHK)
Kanundrum Capital Owns (SEE)
Kanundrum Capital Owns (PTV)
Kanundrum Capital Is Long U.S. Dollar
Kanundrum Capital Is Short (GS)
Kanundrum Capital Is Short (FCX)
Kanundrum Capital Is Short (AA)
Kanundrum Capital Is Short (ACH)
Kanundrum Capital Is Short (GRMN)
Kanundrum Capital Is Short (SLX)
Kanundrum Capital Is Short (EWH)
Kanundrum Capital Is Short (EWY)
Kanundrum Capital Is Short (FXI)
Kanundrum Capital Is Short Euro
Kanundrum Capital Is Short Pound
Kanundrum Capital Is Short Swiss Franc
Kanundrum Capital Is Short Copper
Kanundrum Capital Is Short Treasuries

For Steve Grasso
Stuart Frankel & Co. Inc. And Its Partners Are Short (AAPL)
Stuart Frankel & Co. Inc. And Its Partners Own (ABK)
Stuart Frankel & Co. Inc. And Its Partners Own (CUBA)
Stuart Frankel & Co. Inc. And Its Partners Own (GERN)
Stuart Frankel & Co. Inc. And Its Partners Own (GLG)
Stuart Frankel & Co. Inc. And Its Partners Own (HSPO)
Stuart Frankel & Co. Inc. And Its Partners Own (NWS.A)
Stuart Frankel & Co. Inc. And Its Partners Own (NXST)
Stuart Frankel & Co. Inc. And Its Partners Own (NYX)
Stuart Frankel & Co. Inc. And Its Partners Own (PDE)
Stuart Frankel & Co. Inc. And Its Partners Own (PRST)
Stuart Frankel & Co. Inc. And Its Partners Own (RDC)
Stuart Frankel & Co. Inc. And Its Partners Own (TLM)
Stuart Frankel & Co. Inc. And Its Partners Own (TOL)
Stuart Frankel & Co. Inc. And Its Partners Own (XRX)
Stuart Frankel & Co. Inc. And Its Partners Own (SDS)
Stuart Frankel & Co. Inc. And Its Partners Are Short (QQQQ)
Stuart Frankel & Co. Inc. And Its Partners Are Short (CL)



Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report