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Pops & Drops: MEMC Electronic Materials, Borders Group, Whirlpool and More

Stocks closed narrowly mixed with the major indices ending above key thresholds as investors focused on troubles in Egypt, shrugged off good job news, and took a breather after the market posted new multi-year highs on Tuesday.

In the wake of it all, the "Fast Money" traders found the following market movers most interesting.

POPS (stocks that went higher)

MEMC Electronic Materials (WFR) popped 15%: The maker of wafers for the semi space forecasts its 2011 earnings could be as high as $1.30 a share, compared to the average estimate of $1.01. Joe Terranova of Virtus Investment Partners said the company is benefiting from interest in solar energy. The shorts are getting squeezed, he noted.

DROPS (stocks that went lower)

Borders Group (BGP) dropped 18%: The book retailer could file for bankruptcy as early as next week, according to published reports. Metropolitan Capital Advisors' Karen Finerman would avoid this stock.

Whirlpool (WHR) dropped 2%: The appliance manufacturer's stock sold off after announcing its raising prices to pass soaring raw materials costs onto customers. Whirpool also missed quarterly profit estimates. Veracruz founder Steve Cortes called this stock a "disaster."

Dollar General (DG) dropped 4%: The discount retailer was downgraded to ‘hold’ from ‘buy’ at Deutsche Bank, reports Stephen Weiss.

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Trader disclosure: On Feb. 2, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karen Finerman owns (MSFT), (JPM), (HPQ), (GOOG), (C), (BP), (AAPL) and (BAC). Joe Terranova owns (VRTS), (C), (UPL), (GM), (PEP), (MS), (LTD), (CVI), (CVE), (SU), (CPX), (CNQ) and (POT). Steve Cortes owns (SVU), (MO), (EXC) and U.S. Treasuries. Steve Cortes is short (BAC). Steve Cortes is short (LVS). Stephen Weiss owns (TBT), (AMSC), (QCOM), (MSFT), (HPQ), (SMCI), (PZN), (IPI), (AGU), (BTU), (MEE), (DVN), (COP), (HK), (EMC), (FWLT), (VZ), (FAS) and (JPM).

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BRIAN KELLY
Accounts Managed by Kanundrum Capital Own (BAC)
Accounts Managed by Kanundrum Capital Own (EBAY)
Accounts Managed by Kanundrum Capital Own (GLD)
Accounts Managed by Kanundrum Capital Own (IAU)
Accounts Managed by Kanundrum Capital Own (MCP)
Accounts Managed by Kanundrum Capital Own (MS)
Accounts Managed by Kanundrum Capital Own (YGE)
Accounts Managed by Kanundrum Capital Own (TLT)
Accounts Managed by Kanundrum Capital Own (DBA)
Accounts Managed by Kanundrum Capital Own (JJG)
Accounts Managed by Kanundrum Capital Are Long The Yen
Accounts Managed by Kanundrum Capital Own (GMCR) puts
Accounts Managed by Kanundrum Capital Own (JEF)
Accounts Managed by Kanundrum Capital Own (CME)

KAREN FINERMAN
Finerman's firm is short (MDY)
Finerman's firm is short (SPY)
Finerman's firm is short (IWM)
Finerman's firm is short (IJR)
Finerman's firm is long S&P puts
Finerman's firm is long Russell 2000 puts
Finerman's firm owns (AAPL)
Finerman's firm owns (BAC) leaps
Finerman's firm owns (BP)
Finerman's firm owns (HPQ)
Finerman's firm owns (IBM)
Finerman's firm owns (JPM) and (JPM) leaps
Finerman's firm owns (M)
Finerman's firm owns (MSFT)
Finerman's firm owns (PLCE) and (PLCE) calls
Finerman's firm owns (TGT)
Finerman's firm owns (WMT)

JOE TERRANOVA
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
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 (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (DPUKF)

MARY ANN BARTELS

SIMON BAKER
Baker Ave owns (CRM)

ANTHONY SCARAMUCCI
Scaramucci and SkyBridge Capital Own (V)

DEBORAH WEINSWIG
An Employee Of Citigroup Global Markets Or Affiliates Is A Trustee Of (TGT)
Citigroup Global Markets Or Affiliates Has Managed Or Co-Managed An Offering Of (HD), (TGT), (WMT), (DG) In Past 12 Months
Citigroup Global Markets Or Affiliates Has Received Investment Banking Compensation In Past 12 Months From (HD), (KR), (SKS), (TGT), (WMT), (DG)
Citigroup Global Markets Or Affiliate Received Non-Investment-Banking Compensation In Past 12 Months From (JCP), (KSS), (M), (SWY), (SVU), (TGT), (WAG), (WMT), (COST)
(HD), (KR), (SKS), (TGT), (WMT) Are Or In Past 12 Months Were Investment Banking Clients Of Citigroup Global Markets
(CVS), (HD), (JCP), (KSS), (KR), (M), (SWY), (SKS), (SVU), (TGT), (WAG), (WMT), (COST), (DG) Are Or In Past 12 Months Were Non-Investment Banking Clients Of Citigroup Global Markets (Securities-Related Services)
(HD), (JCP), (KSS), (KR), (M), (SWY), (SVU), (TGT), (WAG), (WMT), (COST) Are Or In Past 12 Months Were Non-Investment Banking Clients Of Citigroup Global Markets (Non-Securities-Related Services)
Citigroup Global Markets Or Affiliates Owns 5% Or More Of (SKS)
Citigroup Global Markets is a market maker in (COST), (CVS), (M), (WINN)

FAST 360
Nations has no disclosures

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