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Pops & Drops: Sotheby’s, Finisar, Fusion-IO, Freeport-McMoran

Thursday, 1 Mar 2012 | 1:43 PM ET

Following are stocks that were on the move Thursday.

Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction.

Finisar popped 2 percent: “It’s a nice rebound,” said Pete Najarian. “I’m staying away from it.”

Halftime Pops & Drops
Insight on stocks making the biggest moves in the market today, with the Fast Money traders.

Sotheby’s dropped 9 percent: “The CEO blamed Europe,” said Stephen Weiss.

Fusion-IO popped 9 percent: “I think they’re going to be outperforming,” said Steve Grasso.

Freeport-McMoran popped 2 percent: “This is just making up for yesterday’s decline in the metals meltdown,” said Stephanie Link, adding that the company signaled at an industry conference that there was “still very tight demand for copper – and that’s 90 percent of their sales.”

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Trader disclosure: On March 1, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Grasso is long (ASTM); Grasso is long (AVAV); Grasso is long (BA); Grasso is long (D); Grasso is long (FIO); Grasso is long (LIT); Grasso is long (MHY); Grasso is long (NUAN); Grasso is long (MO); Grasso is long (PFE); Grasso is long (PRST); Grasso is long (RIG); Grasso is long (S); Grasso is long (XLU); Weiss is long (QCOM); Weiss is long (M); Weiss is long (EUO); Weiss is long (TBF); Weiss is long (BRCM); Weiss is long (SNDK); Weiss is long (JPM); Weiss is long (SODA); Weiss is short (JCP); Weiss is short (KSS); Weiss is short (MT)

For Stephanie Link
Link is long (AAPL)

Link is long (JPM)

Link is long (IBM)

Link is long (EMC)

Link is long (BRCM)

Link is long (CBE)

For Peter Misek
Jefferies makes a market in (RIMM)

For Brian Tunick
Lead or Co-manager: J.P. Morgan acted as lead or co-manager in a public offering of equity and/or debt securities for The Gap, Inc. within the past 12 months.

Client: J.P. Morgan currently has, or had within the past 12 months, the following company(ies) as clients: The Gap, Inc..

Client/Investment Banking: J.P. Morgan currently has, or had within the past 12 months, the following company(ies) as investment banking clients: The Gap, Inc..

Client/Non-Investment Banking, Securities-Related: J.P. Morgan currently has, or had within the past 12 months, the following company(ies) as clients, and the services provided were non-investment-banking, securities-related: The Gap, Inc..

Client/Non-Securities-Related: J.P. Morgan currently has, or had within the past 12 months, the following company(ies) as clients, and the services provided were non-securities-related: The Gap, Inc..

Investment Banking (past 12 months): J.P. Morgan received in the past 12 months compensation for investment banking The Gap, Inc..

Investment Banking (next 3 months): J.P. Morgan expects to receive, or intends to seek, compensation for investment banking services in the next three months from The Gap, Inc..

Non-Investment Banking Compensation: J.P. Morgan has received compensation in the past 12 months for products or services other than investment banking from The Gap, Inc..

For Dan Niles
Niles is long (MU)

Niles has position in (SNDK)

Niles is long (MSFT)

Niles has position in (TQNT)

Niles has position in (GOOG)

Niles has position in (DELL)

Niles has position in (AMZN)

Niles has position in (NFLX)

For Dan Dicker
Dicker is long brent crude oil futures

For Macneil Curry
Bank of America Merrill Lynch makes market in euro currency

Bank of America Merrill Lynch makes market is british pound

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  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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