Following are the week’s biggest winners and losers. Find out why shares of Applied Materials and American Axle popped while Google and Flowserve dropped.
POPS (stocks that jumped higher)
Applied Materials (AMAT) popped 5%. AMAT won a $1.9 billion solar power deal, the largest-ever deal of any kind for the chip maker. – The solar play is working for this company, says Pete Najarian.
American Axle (AXL) popped 12%. A KeyBanc analyst said he thinks the autoparts maker may be able to come out of a strike with annual savings of as much as $50,000 per employee. – I like them more than the auto makers, says Jeff Macke.
Tyson Foods (TSN) popped 10%. The meat company popped after a beef deal between Smithfield Foods and JBS. – Around $15 I think TSN is a buy, says Guy Adami.
Ciena Corporation (CIEN) popped 8%. Demand from telecom clients like AT&T sent this networking equipment company's profits to double. – I like their forecast, says Pete Najarian.
Man caves. A new trend: the super-rich are spending north of $1 million dollars to 'trick-out' their garages, turning them into the ultimate "Man Caves" complete with full bars, display cases for classic cars, and even a mini-casino.
Big Lots (BIG) popped 24%. Cash-strapped consumers flocked to bulk "warehouse" retailers: a positive profit forecast and an upgrade helped shares beat the tape. – It’s interesting, says Jeff Macke.
National Semiconductor (NSM) popped 10%. The CEO of the chip firm said that profits were on the verge of a resurgence. – If you own it lighten up your position, says Pete Najarian.
Brazilian Law School Standards. Joao Victor Portellinha, a 5th grader from Brazil, passed the country's Bar exam - however, he is not a prodigy or genius. It appears that the test has fairly low standards, prompting the eight year old to say "It was easy. I studied a week before the test."
DROPS (stocks that slid lower)
Flowserve (FLS) dropped 7%. The maker of pumps and valves for the energy industry wasn't working this week. – Stick with it, counsels Karen Finerman.
Korn/Ferry International (KFY) dropped 7%. Even though it posted impressive earnings Thursday, shares of job recruitment firm Korn/Ferry couldn't overcome Fridays disastrous employment figures. – Stay away, says Karen Finerman.
Google (GOOG) dropped 8%. The search giant might do battle with Microsoft in an attempt to takeover Digg.com. – I think it’s starting to get into the value territory, says Karen Finerman. But not just yet.
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Trader disclosure: On Mar. 7, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (INTC), (YHOO); Pete Najarian Owns (AAPL), (C), (CSCO), (MS), (MSFT), (XLF), (MCD), (BKC); Pete Najarian Owns (COP) Calls, (AMAT) Calls; Pete Najarian Owns (XLB) Puts, (USB) Puts; Pete Najarian Owns (YHOO) And (YHOO) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (FLS), (HD); Finerman's Firm Owns (AAPL), (DVA), (FNM), (MSFT), (TSO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (COF), (RTH); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owned (DVA) On 12/17/07, 2/12/08, 2/26/08