Pops & Drops: RailAmerica, Intuitive Surgical ...
Following are moves you might have missed. Find out why shares of RailAmerica and Intuitive Surgical popped while CNOOC and Baker Hughes dropped.
POPS (stocks that jumped higher)
RailAmerica (RA) popped 4%. The company said its freight loads rose by almost 9% in March as compared to a year earlier. - I think it's a little expensive, says Guy Adami.
Intuitive Surgical (ISRG) popped 4%. Investors may be playing this stock technically; it's trading right around its 50-day moving average. - It's also up over 250% over the past year, explains Pete Najarian, I'd pull back.
Crocs (CROX) popped 10%. Thomas Weisel raised the footwear company to ‘Overweight’ from ‘Market Perform’ citing opportunity for revenue growth.
Apollo Group (APOL) popped 4%. Investors bet that new regulations governing for-profit universities would favor this company.
JetBlue (JBLU) popped 8%. The airline projected stronger passenger traffic and revenue. - I think this company benefits from a United / US Airways merger, says Gary Kaminksy.
DROPS (stocks that slid lower)
CNOOC (CEO) dropped 2%. Weakness in oil as well as negative comments from Macquarie dragged down China’s biggest offshore oil and gas producer. - I like this stock, says Tim Seymour.
Baker Hughes (BHI) dropped 1%. Perhaps investors took profits as the company prepares to close on the purchase of its rival BJ Services for $6.6 billion. - In this space I like Rowan better, says Karen Finerman
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Trader disclosure: On April 13, 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 (CSX) call spread; Najarian Owns (LVS) call spread; Najarian Owns (JPM) call spread; Najarian Owns (BAC) Calls; Najarian Owns (C) Calls; Najarian Owns (CSX) Call spread; Najarian Owns (LVS) Call spread; Najarian Owns (JPM) Calls; Najarian Owns (PCX); Najarian Owns (TXN) Calls; Najarian Owns (VLO) Calls; Najarian Owns (YUM) Call Spread; Adami Owns (INTC), (GS), (AGU), (MSFT), (NUE), (BTU), (C) ; Finerman's Firm Is Short (IJR), (MDY), (IWM), (IYR); Finerman's Firm Owns S&P Puts; Finerman's Firm Owns (JPM); Finerman Own (JPM) ; Finerman Owns (BAC); Finerman's Firm Owns (BAC); Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Owns (TGT); Finerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Finerman Owns (YUM); Seymour Owns (CHL), (DRYS), (GE), (BAC), (EEM), (F), (INTC), (LVS), (SBUX); Seymour's Firm Owns (POT)
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