DROPS (stocks that slid lower)
Toll Brothers (TOL) dropped 3%. Stifel Nicolaus downgraded the stock to ‘Sell from ‘Hold’ citing a long wait until new home sales pick up substantially. - I'm not a buyer of housing either, says Stephen Weiss.
Las Vegas Sands (LVS) dropped 4%. Jefferies downgraded the stock to ‘Hold’ from ‘Buy’ citing an SEC investigations into the company’s operations. - Around $36 I think valuations become compelling, says Guy Adami.
Tiffany (TIF) dropped 5%. Perhaps investors were spooked by published reports which said, as of 2009, Japan accounted for 19% of Tiffany’s net sales. - As Japan recovers, it should benefit Tiffany, says JJ Kinahan.
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Trader disclosure: On March 9, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Steve Weiss Owns (SHAW); Steve Weiss Owns (FWLT); Steve Weiss Owns (MSFT); Steve Weiss Owns (MEE); Steve Weiss Owns (CSCO); Steve Weiss Owns (QCOM); Steve Weiss Is Short (ANF); Guy Adami Owns (AGU); Guy Adami Owns (C); Guy Adami Owns (GS); Guy Adami Owns (INTC); Guy Adami Owns (MSFT); Guy Adami Owns (NUE); Guy Adami Owns (BTU); Joe Terranova Owns (VRTS); Joe Terranova Owns (C); Joe Terranova Owns (GS); Joe Terranova Owns (PNC); Joe Terranova Owns (USB); Joe Terranova Owns (JPM); Joe Terranova Owns (UPL); Joe Terranova Owns (ABT); Joe Terranova Owns (CVI); Joe Terranova Owns (RSX); Joe Terranova Owns (CNQ); Joe Terranova Owns (MS); Joe Terranova Owns (PBR); Joe Terranova Owns (BAX); Joe Terranova Owns (TEVA); Joe Terranova Owns (BTU); Joe Terranova Owns (CNX); Joe Terranova Owns (SU); Pete Najarian Owns (AAPL); Pete Najarian Owns (GE); Pete Najarian Owns (NTAP); Pete Najarian Owns (GE); Pete Najarian Owns (TCK)
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