Following are moves you might have missed. Find out why shares of Nokia and Citigroup popped while Panera and Louisiana Pacific dropped.
POPS (stocks that jumped higher)
Nokia (NOK) popped 4%. Investors had feared the company’s software deal with Microsoft would involve long and drawn out negotiations, but published reports suggested that not case. - If you think the company is turning a corner, then it has a lot of upside, says Tim Seymour. However, if you don't, there's a lot of downside too.
Citigroup ( C) popped 3%. Published reports suggested Citi was seeking to expand its commodity investment-product team by a third over the next two years to tap growing demand as copper, gold and cotton rise to records. - I own it, says Karen Finerman, valuations are attractive.
DROPS (stocks that slid lower)
Panera Bread (PNRA) dropped 3%. The sell-off may be nothing more than profit taking considering the stock made a 52-week high earlier in the week. - I think the stock goes down another $5, says Guy Adami.
Louisiana Pacific (LPX) dropped 5%. With lingering weakness in the housing market, it comes as little surprise that investors turned their back on this producer of floors and roofs. - I'm a buyer around $8.50, says Joe Terranova.
Skyworks (SWKS) dropped 6%. Charter Equity downgraded the stock to ‘Underperform’ from ‘Market Perform’ citing reduced revenue from the iPhone 5. - Zach Karabell didn't know what to say.
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Trader disclosure: On April 6, 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 (F); Seymour owns (GM); Seymour owns (MOS); Seymour owns (TM); Karabell owns (BHP); Karabell owns (GOOG), (RIMM), (MRVL);
Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUC); Adami owns (BTU); Adami owns (BTU); Finerman and Finerman's Firm own (AAPL); Finerman and Finerman's Firm own (CVS); Finerman's firm is long GM leaps; Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman owns (USO); Finerman is short (IWM); Finerman is short (SPY); Finerman is short (MDY); Finerman's firm is long s&p 500 puts; Finerman's firm is long russell 2000 puts; Terranova owns (C); Terranova owns (JAM); Terranova owns (VRTS); Terranova owns (UPL); Terranova owns (PBR); Terranova owns (TCK); Terranova owns (BAX); Terranova owns (XOM); Terranova owns (AKAM); Terranova owns (CVI); Terranova owns (CNQ); Terranova is long (POT) puts; Terranova is long (NFLX) puts; Terranova is long (CAT) puts; Terranova is long (VLO) puts; Terranova is long (F) puts; Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
For Zachary Karabell
River Twice Capital is short (AAPL), Karabell owns (AAPL)
River Twice Capital owns (AMSC)
River Twice Capital and Karabell owns (BRCM)
River Twice Capital and Karabell owns (CSCO)
River Twice Capital owns (EXPE), (DE)
River Twice Capital is short (QQQ), (SPY)
River Twice Capital and Karabell owns (MON), (POT)
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 (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 (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 (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & IRL PLC
For Len Brecken
Brecken Is Short (NFLX)
For Mike Khouw
Cantor Fitzgerald is a market maker in (RIMM)
For Mark Gulley
**No Disclosures
For Alexandra Lebenthal
**No disclosures
For Amelia Bourdeau
**No disclosures
Comcast Is The Parent Company Of CNBC
Comcast Is The Parent Company Of NBCUniversal
GE Owns 49% Of NBCUniversal
GE Owns 49% Of CNBC
