Following are moves you might have missed this week. Find out why shares of Eastman Chemical popped while Motorola Mobility and American Airlines dropped.
POPS (stocks that jumped higher)
Eastman Chemical (EMN) popped 5% this week. Despite higher oil the company raised its guidance and said demand for its products was brisk in January and February. - I'd take profits, counsels Brian Kelly.
DROPS (stocks that slid lower)
Motorola Mobility (MMI) dropped 14%. An earlier than expected launch of Apple’s second generation iPad triggered speculation that this company’s rival tablet called the Xoom had lost a critical window of opportunity to win audience. - I'd play it long Apple, says Karen Finerman.
Weatherford Int’l (WFT) dropped 14%. The company disclosed errors in its tax accounting and will need to adjust previously reported results. - In the space I like Baker Hughes, says Joe Terranova.
AMR Corp. (AMR) dropped 8%. Investors sold the parent of American Airlines as well as its rivals fearing higher oil would 1) squeeze profit margins and 2) drag down vacation travel. - If oil continues higher this stock probably goes lower, says Pete Najarian.
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Trader disclosure: On March 4, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova owns (VRTS); Terranova owns (C); Terranova owns (UPL); Terranova owns (ABT); Terranova owns (MS); Terranova owns (PBR); Terranova owns (BAX); Terranova owns (TEVA); Terranova owns (CVI); Terranova owns (RSX); Terranova owns (SU); Terranova owns (CNQ);Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's Firm is short (XRT); 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 And Finerman Own (AAPL); Finerman's Firm Owns (BAC) Leap, Finerman Owns (BAC); Finerman's Firm Owns (BBY); Finerman's Firm And Finerman Own (BP); Finerman owns (C); Finerman owns (GM) leaps; Finerman Owns (GOOG); Finerman's Firm And Finerman Own (HPQ); Finerman's Firm Owns (IBM); Finerman's Firm Owns (JPM), (JPM) Leap; Finerman Owns (JPM); Finerman's firm owns (M); Finerman's Firm And Finerman Own (MSFT); Finerman's Firm Owns (WMT); Pete Najarian owns (CNI); Pete Najarian owns (DOW); Pete Najarian owns (MO) calls; Pete Najarian owns (SA) ; Pete Najarian owns (TCK); Pete Najarian owns (BAC) calls; Pete Najarian owns (C); Pete Najarian owns (F) bonds; Pete Najarian owns (GE) ; Pete Najarian owns (JPM) calls; Pete Najarian owns (MS); Pete Najarian owns (STJ) calls; Karabell owns (GE); Karabell owns (AAPL); Karabell owns (FXI); Karabell owns (IBM); Karabell owns (GOOG)
For Joe Terranova
Virtus Investment Partners Owns More Than 1% Of (ABAX)
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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 (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 (NCRI)
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)
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Virtus Investment Partners Owns More Than 1% Of (DOM)
For Brian Kelly
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (IAU)
Accounts Managed By Kanundrum Capital Own (EBAY)
Accounts Managed By Kanundrum Capital Own (ATW)
Accounts Managed By Kanundrum Capital Own (RDC)
Accounts Managed By Kanundrum Capital Are Long Wheat
Accounts Managed By Kanundrum Capital Are Long Soybeans
Accounts Managed By Kanundrum Capital Are Long Corn
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Are Long The Euro
Accounts Managed By Kanundrum Capital Are Long Gold
Accounts Managed By Kanundrum Capital Are Long Crude
Accounts Managed By Kanundrum Capital Are Long Silver
Accounts Managed By Kanundrum Capital Are Short the S&P 500
Accounts Managed By Kanundrum Capital Are Short the U.S. Dollar
Accounts Managed By Kanundrum Capital Are Short (IXG)
Accounts Managed By Kanundrum Capital Are Short (XLF)
Accounts Managed By Kanundrum Capital Are Short The Yen
Accounts Managed By Kanundrum Capital Own (PGH)
For Zachary Karabell
River Twice Capital owns (QCOM)
River Twice Capital is short (SPY)
River Twice Capital is short (QQQQ)
River Twice Capital is short (CCL)
River Twice Capital is short (S)
Karabell and River Twice Capital own (POT)
Karabell and River Twice Capital own (BRCM)
Karabell and River Twice Capital own (CSCO)
Karabell and River Twice Capital own (GS)
For Willie Williams
Societe Genarale Facilitates Transactions In Tradable Currencies
For Anthony Scaramucci
SkyBridge Capital is a fund of funds manager. Funds held may or may not own the recommended securities.
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