Following are the week’s biggest winners and losers. Find out why shares of Monsanto and Tiffany popped while JPMorgan and Citigroup dropped.
POPS (stocks that jumped higher)
Monsanto (MON) popped 16%. The ag name soared after it raised full-year profit forecast. – Monitor the valuations closely, counsels Pete Najarian.
Tiffany & Co. (TIF) popped 7%. The jewelry store's impressive earnings helped to offset Friday's Merrill Lynch downgrade. – I don’t think the high-end is dead, says Karen Finerman.
Luxury Bathrooms. More evidence that the ultra-rich aren't feeling the full brunt of the housing slowdown: some are investing $400,000 just to renovate their bathrooms - complete with gold-leaf detailing. Catch the whole extravaganza on High Net Worth Friday night at 8:30PM and 11:30PM on CNBC.
U.S. Steel (X) popped 10%. The materials names rallied early in the week.
Devon Energy (DVN) popped 8%. The rise in this stock followed an 8% increase in the price of natural gas.
Tessera Technologies (TSRA) popped 49%. This maker of parts for digital cameras announced that the International Trade Commission was taking another look at its previously suspended patent infringement claims.
NVIDIA (NVDA) popped 6%. Despite the CFO stepping down, shares of the graphics chip maker closed higher on the week.
DaVita (DVA) popped 6%. The kidney dialysis firm received an upgrade at UBS.
Nutrisystems (NTRI) popped 7%. The weight loss firm is trying to beef up after February's disastrous guidance.
DROPS (stocks that slid lower)
JPMorgan (JPM) dropped 7%. Under shareholder pressure, the bank increased its bid for Bear Stearns to $10 from $2. – It’s a buy on dips, counsels Jeff Macke.
Citigroup (C) dropped 7%. The goliath bank felt the wrath of Meredith Whitney's negative forecast. – I think it’s a buy at this level, says Jon Najarian.
Clear Channel (CCU) dropped 17%. The $19.5 billion deal to take the radio company private is looking uncertain at best.
The Limited (LTD) dropped 2%. The owner of Victoria's Secret was one of several specialty retail names dragged down this week.
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Trader disclosure: On Mar.28, 2008, 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 Owns (AAPL), (AG), (AGU), (BG), (COST), (DAL), (DE), (JWN), (MO), (MON), (MOS), (NOK), (NTRI), (NVDA), (POT), (RIMM), (TSO), (AET), (WCG); Jon Najarian Is Short (APOL), (TGT), (LEH), (MRK); Pete Najarian Owns (AAPL), (BIIB), (CSCO), (EMC), (ORCL), (TSO), (XLF), (YHOO), (MSFT), (NOK), (BKC); Pete Najarian Owns (LEH) Puts. (MER) Puts, (OIH) Puts; Pete Najarian Owns (BSC) Calls, (COP) Calls, (NVDA) Calls; Macke Owns (YHOO), (INTC), (DIS), (EMC); Finerman Owns (GS); Finerman's Firm Owns (DSW), (JCP), (MSFT), (MO), (MSFT), (SUN), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY)