Following are the day’s biggest winners and losers. Find out why shares of Ford and Crocs popped while International Game Technologies and Energy Conversion Devices dropped.
POPS (stocks that jumped higher)
Ford (F) popped 4%. The automaker jumped 4% on some positive comments in Barrons over the weekend. – You can have it, says Jeff Macke.
W.R. Grace & Co. (GRA) popped 8%. The chemical company reached an agreement to pay $2 billion to settle asbestos claims. – Hmmm, says Karen Finerman.
Nvidia (NVDA) popped 2%. Shares of the chip maker rose after an analysts upgrade and ahead of its analysts meeting. - It’s a taffy pull, says Pete Najarian, and it could go in either direction.
Temple Inland (TIN) popped 10%. The maker of cardboard boxes jumped 10% after Citigroup upgraded the company to a buy from a hold. – They’re still down 75% from one year ago, says Jeff Macke.
Crocs (CROX) popped 4%. This Finerman favorite continued to trade higher on the heels of Friday’s upgrade by Wedbush. – This name has been painful for me, says Karen Finerman.
Deere & Co (DE) popped 3%. The Ag trade continued to work. Shares of Deere popped 3% on little news. – You can't argue with ag, says Pete Najarian.
Wabtec Corporation (WAB) popped 2%. The maker of brakes for trains popped as the rail trade worked its way upstream. – It’s catching on, says Guy Adami.
Apple (AAPL) popped 2%. Shares jumped after Thomas Weisel upgraded the stock on valuation. The brokerage firmed upped its price target to $195 a share. – Buy the dip, says Jeff Macke.
Floserve (FLS) popped 4%. Another Finerman favorite, Floserve popped on relatively no news.
Rickrolled. Ladies and Gentlemen - prepare to be Rickrolled, a phenomenon in which unsuspecting Web users are forwarded to an online video of Rick Astley’s enduring 80's single “Never Gonna Give You Up.” Fast Money had to get in on the act.
DROPS (stocks that slid lower)
International Game Technologies (IGT) dropped 5%. Bear Stearns lowered its estimate for the gaming equipment maker citing a slowing economy. – Not good, says Guy Adami.
Energy Conversion Devices (ENER) dropped 4%. The solar maker first popped 2% on word that Senate Democrats might add alternative energy tax breaks to housing relief legislation. But by the end of trading the stock had given back the gains and then some.
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Trader disclosure: On Apr .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 (YHOO), (MSFT); Pete Najarian Owns (AAPL), (NOK), (YHOO), (NVS), (XLF); Pete Najarian Owns (AA) Calls, (CHK) Calls, (MSFT) Calls, (BHI) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (CROX); Finerman's Firm Owns (FLS), (MSFT), (YHOO); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM)