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Pops & Drops: Pulte, Bunge...

Following are moves you might have missed. Find out why shares of Pulte and Bunge popped while Adobe dropped.

POPS (stocks that jumped higher)

Pulte (PHM) popped 4%. Goldman Sachs upgraded the stock to ‘Conviction Buy’ and increased its price target from $8 to $10 saying shares are undervalued. -Who says it was a terrible day for housing data, chuckles Tim Seymour.

Bunge (BG) popped 2%. Deutsche upgraded the stock to ‘Buy’ from ‘Hold’ and increased its price target to $80 from $74 citing ‘solid farm economics.’ - I'm a buyer, says Brian Kelly.

Iron Mountain (IRM) popped 5%. Investors may be anticipating a ‘significant event’ after the data storage company adopted a poison pill plan to fend off a hostile takeover by an activist investor. - Still like it, says Guy Adami.

Weight Watchers (WTW) popped 5%. The iconic name in weight management gained for no clear reason. - I'd stay away, says Brian Kelly.

Starbucks (SBUX) popped 5%. Chief Executive Howard Schultz said he wants to make sales of Starbucks coffee and other products in the grocery aisle rival its traditional cafe business.

DROPS (stocks that slid lower)

Adobe Systems (ADBE) dropped 5%. The company forecast second-quarter profit that fell short of analysts' estimates with the earthquake and tsunami in Japan cutting into sales. - I like this company, says Steve Cortes.




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Trader disclosure: On March 23, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour is long (AAPL); Tim Seymour is long (BAC); Tim Seymour is long (SBUX); Tim Seymour is long (TM); Tim Seymour’s firm is long (ANTO); Tim Seymour’s firm is long (NEM); Guy Adami owns (AGU); Guy Adami owns (C); Guy Adami owns (GS); Guy Adami owns (INTC); Guy Adami owns (BTU); Guy Adami owns (NUE); Guy Adami owns (MSFT); Steve Cortes is long (TM); Steve Cortes is long (GS); Steve Cortes is long (CSX); Steve Cortes is long (SDY); Steve Cortes is long (SO); Steve Cortes is long Crude Oil; Steve Cortes is short (F); Steve Cortes is short (BAC); Steve Cortes is short (UNP); Steve Cortes is short (SPY); Steve Cortes is short (DBA); Steve Cortes is short Natural Gas; Steve Cortes is short Wheat; Steve Cortes is short Soybeans; Steve Cortes is short Corn; Steve Cortes is short CAD/USD; Steve Cortes is short EUR/USD; Pete Najarian is long (AAPL); Pete Najarian is long (AAPL) call spreads; Pete Najarian is long (BAC) calls

BRIAN KELLY
Accounts managed by Kanundrum Capital own (GOD)
Accounts managed by Kanundrum Capital own (SLV)
Accounts managed by Kanundrum Capital own Silver
Accounts managed by Kanundrum Capital own Gold
Accounts managed by Kanundrum Capital own U.S. Treasury Bonds
Accounts managed by Kanundrum Capital own (EBAY)
Accounts managed by Kanundrum Capital own (PGH)
Accounts managed by Kanundrum Capital own (VLO)
Accounts managed by Kanundrum Capital own U.S. Dollar
Accounts managed by Kanundrum Capital own (NFLX) Puts
Accounts managed by Kanundrum Capital own Crude Oil
Accounts managed by Kanundrum Capital own (RTN)
Accounts managed by Kanundrum Capital are Short Yen

DOUG KASS
Doug Kass is short (RTH)

COLIN GILLIS
**No Disclosures**

LARRY HAVERTY
The Gabelli Global Multimedia Trust Owns (NFXL)
The Gabelli Global Multimedia Trust Owns (CBS)
The Gabelli Global Multimedia Trust Owns (VIA.B)
The Gabelli Global Multimedia Trust Owns (ERTS)
Larry Haverty is long (CBS)
Larry Haverty is long (VIA.B)

JED DORSHEIMER
Canaccord Genuity Inc. has received compensation from (LEDS) for investment banking services
Canaccord Genuity Inc. has received compensation from (RBCN) for investment banking services

MIKE KHOUW
Cantor Fitzgerald is a Market Maker in (RIMM)


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


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