Johnson Controls, Micron and Other Tradable Movers

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

Cheniere popped .

The catalyst: Regulators vote next week onCheniere's proposed liquefied natural gas (LNG) export plant at Sabine Pass in Louisiana.
The trade: “If the plant is approved, this company will become the sole exporter of liquefied nat gas,” says Steve Grasso. “I think that’s very bullish and I’m a buyer.”

Micron dropped .
The catalyst:S&P revised its outlook to negative from stable, citing weak memory market conditions, potential acquisition spending, and increased leverage.
The trade: “The stock traded down but not that much,” says Jon Najarian. “If it stabilizes around $7, I’m a buyer.”

Johnson Controls popped .
The catalyst:Deutsche Bank upgradedits rating on JCI from “Hold” to “Buy” with a $39 price target.
The trade: “I’m long the name,” reveals Mike Murphy. “I think estimates are way too low.”

Dow popped .
The catalyst: The company boosted its quarterly dividend 28 percent and said it expects earnings growth for the foreseeable future.
The trade: “In this space, I like Celenase,” says Pete Najarian. “Right now, that’s the name I’m in.”

* You can find our Pops & Drops segment about 2:30 into this video clip.

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Trader disclosure: On Apr 13, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian is long call spreads in INTC; Jon Najarian is long call spreads in IBM; Jon Najarian is long call spreads in HFC; Jon Najarian is long call spreads in MRO; Jon Najarian is long call spreads in SBUX; Jon Najarian is long call spreads in BRCM; Jon Najarian is long put spreads in GOOG; Jon Najarian is long CIGX; Jon Najarian is long CME; Jon Najarian is long CBOE; Pete Najarian is long AAPL; Pete Najarian is long AAPL CALLS; Pete Najarian is long C; Pete Najarian is long JPM CALLS; Pete Najarian is long MS; Pete Najarian is long INTC; Pete Najarian is long YHOO; Pete Najarian is long SBUX CALLS; Pete Najarian is long COP; Pete Najarian is long PEP; Steven Grasso is long ASTM; Steven Grasso is long AVAV; Steven Grasso is long BA; Steven Grasso is long D; Steven Grasso is long FRO; Steven Grasso is long MHY; Steven Grasso is long NUAN; Steven Grasso is long MO; Steven Grasso is long PFE; Steven Grasso is long PRST; Steven Grasso is long S; Steven Grasso is long XLU; Steven Grasso is long ZAZA

For Gerard Cassidy
Nothing to disclose

For Ben Schachter
Nothing to disclose

For Nicholas Consonery
Nothing to disclose

For Camilla Sutton
Nothing to disclose

For Brian Kelly
Brian Kelly is long CAF