Following are the week's biggest winners and losers. Find out why shares of Nucor and Chalco popped while Suntech Power and Best Buy dropped.
POPS (stocks that jumped higher)
POPS (stocks that jumped higher)
Nucor (NUE) popped 3%. The commodity names were on fire this week. – Buy the dip, says Guy Adami.
Chalco (ACH) popped 8%. The Aluminum Corp of China climbed as the commodity bull bucked back to life. – I think the stock goes down, says Tim Seymour.
CHC Helicopter (FLI) popped 35%. Private equity firm First Reserve paid $1.5 billion, to capture growth in CHC's flights to offshore rigs business. – That's another way to say they're being bought out, Guy Adami says.
Personal Submarines. While some billionaires are blowing their cash on personal space flights, others are going in the opposite direction: spending up to $10 million on private submarines to plumb the depths. Microsoft co-founder Paul Allen has a 12-million-dollar one, called "Yellow Submarine." But to get an inside look at this firm making "submersibles to the stars," you'll have to catch High Net Worth tonight, at 8:30PM on CNBC.
Companhia Siderugica Nacional (SID) popped 6%. Despite Deutsche Bank's downgrade of this Brazilian steel name Friday, SID was up on the week. – I like this story, says Tim Seymour.
Joe Lents. Securitization finds its silver lining: Washington Mutual has been unable to foreclose on Joe Lents, a Boca Raton homeowner, because the bank had bundled and sold his loan so many times over that they couldn't determine who, in fact, owned the mortgage note. Lents hasn't made a mortgage payment since 2002, according to Bloomberg.
DROPS (stocks that slid lower)
Solar Names. Suntech Power (STP), LDK Solar (LDK) and Trina Solar (TSL) are all down more than 15%. Even though crude topped $100, the alternative energy names fell precipitously. – The valuations are too high, says Karen Finerman.
Best Buy (BBY) dropped 2%. The electronics retailer stumbled through the week, in the wake of last Friday's dismal profit forecast. – Jeff Macke doesn't know what to say.
Garmin (GRMN) dropped 7%. Shares of the GPS navigation device firm plunged after executives warned of declining prices on the company's conference call. – Don't buy GRMN just because you love their Nuvi GPS, says Karen Finerman. It isn't enough.
Intuit (INTU) dropped 13%. The maker of "QuickBooks" and "TurboTax" accounting and tax software said slowing sales to small businesses would hurt profits.
General Motors (GM) dropped 9%. The automaker dropped on economic worries. – I think GM's future story comes from abroad, says Tim Seymour.
3Com Corp. (COMS) dropped 29% . A Chinese firm's $2.2 billion bid for the company has been put in doubt over national security concerns. The government has raised a red flag over the deal because 3Com's anti-hacking software, Tipping Point, is used by some government agencies. – I would avoid this stock, says Guy Adami.
Yahoo (YHOO) dropped 3%. Microsoft's $44 billion bid still stands as the two tech giants do the "dance of the deal." – I think it’s time for them to start negotiating, says Karen Finerman.
Life Time Fitness (LTM) dropped 16%. The fitness club operator forecast a lower than expected profit, blaming a soft economy. – It’s a sell, says Jeff Macke.
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Trader disclosure: On Feb. 22, 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 (DIS), (YHOO); Seymour Owns (AAPL), (INTC), (MER), (S), (TSO); Seygem Asset Management Owns (GFA); Finerman Owns (GS); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (MPG), (MSFT), (TSO), (VLO), (WMT), (YHOO), (AAPL), (GE), (JCP), (KSS); Finerman's Firm Is Short (IYR), (IWM), (IJR), (MDY), (SPY), (GFI), (LEH); Finerman's Firm And Finerman Own (HD) And (HD) Puts; Finerman's Firm And Finerman Own (CROX) And (CROX) Options; NBC Universal Is The Parent Company Of CNBC