As Wall Street rallied on Tuesday, the "Fast Money" traders kept their eyes on these market movers.
POPS (stocks that went higher)
Commercial Metals (CMC) popped 5%: The metals company reported earnings results that beat expectations, optionMONSTER.com's Jon Najarian said. It reported net income of $36.2 million or 31 cents per diluted share on net sales of $2.1 billion for the quarter.
Best Buy (BBY) popped 3%: This stock was left for dead, but it's put in a pretty big base lately, Steve Cortes said. The Veracruz founder is bullish on retailers because the consumer is getting a tax break by way of lower energy costs. He prefers staples over discretionary, though.
DROPS (stocks that went lower)
Walgreen (WAG) dropped 5%: The pharmacy chain operator reported a higher profit as sales of general merchandise and more profitable generic drugs rose. However, shares tumbled to lead the S&P laggards after the drug retailer said it failed to renew an agreement with pharmacy benefits manager Express Scripts . Its stock has performed well, though, so Virtus Investment Partners' Joe Terranova would not get concerned unless it should fall below $39 a share.
Jefferies Group (JEF) dropped 0.5%: The company said its fiscal second-quarter profit slipped nearly 4 percent as higher expenses offset a sharp gain in investment banking revenue. Brian Kelly of Kanundrum Capital likes this name should it hold $21 a share.
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