CEC Entertainment (CEC) popped 25%. The owner of Chucky Cheese restaurants surged after its '08 forecast beat estimates. – I wouldn’t short it, says Jeff Macke.
Transocean (RIG) popped 7%. The world's largest offshore driller said profits were up 70% on higher crude prices and rising rents for rigs. – I think this stock will go higher, says Tim Seymour.
Winn-Dixie (WINN) popped 12%. The supermarket chain increased its full-year profit forecast to $125 million from $115 million. – It think this stock could go to $20.50, says Guy Adami.
La-Z-Boy (LZB) popped 5%. The Barcalounger broker swung to a profit and cut its dividend by two-thirds. – I’m a seller, says Jeff Macke.
Benjamin Lovell. A Brooklyn man discovered that $5.8 million had accidentally been deposited into his Commerce Bank account. After making a routine $400 deposit, a teller told Lovell about the multi-million dollar account, and assured him it was his. Of the $2.1 million withdrawn from the account, he invested most of it in futures losing all but $500,000 over the course of two months. The money was intended to be put into the account of another Benjamin Lovell, but the social security numbers were switched. Commerce eventually noticed the blunder, notified the cops, and now Lovell is charged with first-degree grand larceny, and facing 25 years in jail if convicted.
Kaiser Aluminum (KALU) popped 4%. The supplier of aluminum to airplane makers and defense contractors rose after Tuesday's blowout profits. – I think it’s early in the story, says Karen Finerman.
TJX Companies (TJX) popped 5%. The owner of the TJ Maxx and Marshall's discount retail chains said growth in Canada and Europe boosted profits by nearly 50%. – Too late to short and too early to get long, says Jeff Macke.
Devil Frog. Scientists in Madagascar have found fossil evidence of a so-called "devil frog" - a 10 pound, 16 inch mammoth amphibian. The frog, whose technical name is "Beelzebufo Ampinga", lived during the Cretaceous period and may have been large enough to eat baby dinosaurs.
DROPS (stocks that slid lower)
Crocs (CROX) dropped 15%. The other shoe finally "dropped" on shares of Crocs after profit guidance was just shy of estimates. – I think it’s a case of misinterpreted data, says Karen Finerman. I’m sticking with it.
China Telecom (CHA) dropped 3%. Wednesday's wreck in wireless stocks reached overseas. – The whole sector was downgraded in China, says Tim Seymour.
Nicholas Cage. The IRS accused the “National Treasure” star of improperly using his production company to write-off $3.3 million in personal expenses, including limos, meals, and a Gulfstream jet.
3Com Corp. (COMS) dropped 23%. A Chinese firm's $2.2 billion bid for the company has been put in doubt over national security concerns. The government raised a red flag over the deal because 3Com's anti-hacking software, Tipping Point, is used by some government agencies. – I think it could be a case of cold feet, says Karen Finerman.
Texas Roadhouse (TXRH) dropped 7%. Shares of this steakhouse chain landed in the slaughterhouse, after it missed on revenues and profits. – I don’t know what to make of it, says Tim Seymour.
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Trader disclosure: On Feb.20, 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 (HAS), (YHOO), (ATVI); Finerman Owns (GS); Fineman's Firm And Finerman Own (KALU); Finerman's Firm Owns (MSFT), (TSO), (VLO), (YHOO), (AAPL); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM),(COF); Finerman's Firm And Finerman Own (CROX) And (CROX) Options; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Seymour Owns (AAPL), (MER), (MSFT), (S), (TSL); Seygem Asset Management Owns Gazprom OAO; Seygem Asset Management Owns (NIHD), (GFI); Seygem Asset Management Owns Lebedyanskiy OAO; Seygem Asset Management Is Short (EEM)