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Pops & Drops: Buffalo Wild Wings, Sprint...

Tuesday, 8 Mar 2011 | 5:44 PM ET

Following are moves you might have missed. Find out why shares of Buffalo Wild Wings and Sprint popped while Urban Outfitters dropped.

POPS (stocks that jumped higher)

Buffalo Wild Wings (BWLD) popped 4%. Deutsche Bank reiterated its “Buy” rating on this stock in a client note. - I like the stock below $50, says Joe Terranova.

Sprint (S) popped 5%. Reports surfaced that Deutsche Telekom and Sprint may be in merger talks; according to the chatter a combination of the third and fourth-biggest U.S. mobile services would create a stronger competitor than they do as separate operators. - Take profits, says Carter Worth.

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

Hibbet Sports (HIBB) popped 5%. Rival Dick's Sporting Goods posted a bigger-than-expected quarterly profit and forecast a strong year ahead. - Hibbett reports March 11th; you can probably own it until then, says Guy Adami.

Expedia (EXPE) popped 4%. Citi analyst Mark Mahaney raised his rating on the online travel company to 'Buy' from 'Hold' with a $29 price target citing attractive valuations. - I think it's worth a look, says Karen Finerman.

Pulte Group (PHM) popped 8%. The company reported an uptick in sales contracts stoking some excitement; the builder saw a "solid seasonal pickup in traffic which increased 13% from month-to-month," Chief Executive Richard Dugas said in a statement - It's a sign that sales are less bad, but that doesn't mean they're good, says Tim Seymour.

DROPS (stocks that slid lower)

Urban Outfitters (URBN) dropped 16%. Quarterly earnings missed estimates amid sharp discounts needed to move the merchandise. Also, Chief Financial Officer Eric Artz said, “We may experience a continued increase in markdown levels until we successfully navigate the fashion shift.”




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Trader disclosure: On March 8, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymour owns (BAC); Seymour owns (F); Seymour owns (GE); Seymour's firm is short (FCX); Seymour's firm is short (POT); Seymour owns (IIF); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); 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's firm owns (FDO); 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 (TGT); Finerman's Firm Owns (WMT); 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); Terranova owns (JPM); Terranova owns (PNC); Terranova owns (GS); Terranova owns (USB)

For Joe Terranova
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 (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)
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 (DOM)

For Michael Olson
(ROVI) has been an investment banking client of Piper Jaffray's during the past 12 months
Piper Jaffray has done underwriting for (ROVI)
Piper Jaffray is a market maker in (NFLX), (AAPL), (AKAM), (PCLN), (ROVI)

For Barry Ritholtz
Ritholtz has no disclosures on the financials

For Andrew Busch
Busch has no disclosures

For Scott Nations
Nations has no disclosures on (HAL)

For Carter Worth
Worth has no disclosures

For Rich Ilczyszyn
Ilczyszyn has no disclosures

For Fast Fire/Guy Adami
Adami had no disclosure in (NVDA) on 2/17/2011

For Gerard Cassidy SOT
A member company of RBC Capital Markets or one of its affiliates managed a public offering of (JPM)
A member company of RBC Capital Markets or one of its affiliates received compensation for investment banking services from (JPM) in last twelve months
RBC Capital Markets currently provides (JPM) with non-investment banking securities-related securities
RBC Capital Markets provides non-securities services to (JPM)
RBC Capital Markets has provided (JPM) investment banking services in past 12 months

Comcast Is The Parent Company Of CNBC
Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC


  Price   Change %Change
URBN
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PHM
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EXPE
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HIBB
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S
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BWLD
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