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Dunkin Brands, Micron, Plus Other Pops & Drops

Friday, 23 Mar 2012 | 2:28 PM ET

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

Dunkin Brands dropped
The catalyst: According topublished reports, Dunkin's current shareholders are looking to sell 22 million shares.
The trade: The stock had a great run over the past few months, says Joe Terranova, but now I think it’s time to get out. Instead, I like Peet’s Coffee on the pullback.

Microndropped .
The catalyst: The company posted mixed quarterly results and said persistently low prices for its memory chips had yet to recover.
The trade: I’m a buyer of SanDisk which pulled back in sympathy, reveals Stephen Weiss.

Monsterpopped .
The catalyst:Baird & Co. upgraded the stock to outperform from neutral; they had rated the shares neutral since 2006. Earlier in the month, the company’s chief executive said that the board and management were pursuing “strategic alternatives to increasing shareholder value.”
The trade: If I were going to play the space I’d do it with LinkedIn, says Patty Edward.

Consolpopped .
The catalyst: Investors may have felt the stock was oversold earlier in the week, on fears that China’s economy was slowing more than expected.
The trade: There’s a lot of chatter about M&A in the space, I’d ride it further, says Steve Grasso.

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




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Trader disclosure: On Mar 23, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long NXPI; Joe Terranova is long IBM; Joe Terranova is long MCD; Joe Terranova is long EMC; Joe Terranova is long MSFT; Joe Terranova is long JOY; Joe Terranova is long OXY; Joe Terranova is long LQD; Joe Terranova is long POT; Joe Terranova is long TBT; Steven Weiss is long JPM; Steven Weiss is long SNDK; Steven Weiss is long BRCM; Steven Weiss is long QCOM; Steven Weiss is long BAC; Steven Weiss is long NAV; Steven Weiss is long WLP; Steven Weiss is long HAIN; Steven Weiss is long TBT; Steven Weiss is long TBF; Steven Weiss is short X; Steven Weiss is short FXA; Steven Weiss is short FCP; Steve Grasso is long ANR; Steve Grasso is long ASTM; Steve Grasso is long AVAV; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long MHY; Steve Grasso is long NUAN; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long PRST; Steve Grasso is long S; Steve Grasso is long XLU; Steve Grasso is long ZAZA; Patty Edwards is long for clients AAPL; Patty Edwards is long for clients BKCC; Patty Edwards is long for clients JWN; Patty Edwards is long for clients GLD; Patty Edwards is long for clients ED; Patty Edwards is long for clients EXC; Patty Edwards is long for clients INTC; Patty Edwards is long for clients JOY; Patty Edwards is long for clients SBUX; Patty Edwards is long for clients VLO; Patty Edwards is long for clients AMZN; Patty Edwards is long for clients NKE; Patty Edwards is long for clients HLF; Patty Edwards is long for clients PM; Patty Edwards is long for clients CBI; Patty Edwards is long PM

Dan Dicker
Dan Dicker is long RDS
Dan Dicker is long BHI

Nicole Miller Regan
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For Jack Micenk
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Ken Sena
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CNX
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MU
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MWW
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PEET
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SNDK
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DUNKIN
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LINKEDIN
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Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.