Collective Brands (PSS) popped 6%. The parent company of Payless Shoes rose after announcing that the Stride Rite acquisition would result in cost efficiencies. – Karen Finerman is happy with this pop.
Micron (MU) popped 6%. Shares of the chip maker exploded, after Lazard said growth in their flash memory division would catapult earnings past the Street's expectations. – Pete Najarian prefers SanDisk.
China BAK Battery (CBAK) popped 20%. We had never heard of this Chinese battery maker before yesterday, and now it's making its second consecutive POP on our list. – Pete Najarian likes this company.
BEA Systems (BEAS) popped 2%. Carl Icahn commented on the software firm last night on Fast Money. – Jeff Macke likes this stock.
DROPS: (stocks that slid lower)
Yahoo (YHOO) dropped 2%. The number two search engine pulled back from the tech rally. – Jeff Macke reveals he’s now bullish on YHOO.
General Motors (GM) dropped 3%. The "end-of-strike party" is over and GM retreated after Wednesday's gains. – Jeff Macke feels the dip is fine for GM.
Advanced Micro Devices (AMD) dropped 3%. While Micron popped, this competitor dropped. – Guy Adami doesn’t like AMD.
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Trader disclosure: On Sept. 27, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Owns (DISH), (NAT), (UA); Finerman's Firm Owns (BEAS), (NYX), (NMX), (PSS), (WMT), (TXI); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (MSFT) Options