Homex Development Corp (HXM) popped 4%. Apparently, there’s no housing slowdown south of the border: Mexico's largest homebuilder said 4th quarter profits doubled. – A great story, says Tim Seymour.
Cisco (CSCO) popped 4%. Wells Fargo added the networking name to its "Buy" list. – I think the numbers look outstanding, explains Pete Najarian.
IHOP (IHP) popped 10%. The International House of Pancakes, which acquired Applebee's last year, said it expects same-store-sales growth between 2 and 4% in 2008. – I was surprised, says Karen Finerman.
Tenet Healthcare (THC) popped 2%. After popping 14% Tuesday, the hospital chain climbed again, Wednesday in the wake of a narrower-than-expected fourth quarter loss. – It’s still getting it done, says Pete Najarian.
Papa John's (PZZA) popped 9%. Another sign casual dining might be coming back to life? Shares of the pizza chain surged for no clear reason. – They had strong guidance, explains Tim Seymour.
Brazil Telecom (BRP) popped 5%. The fixed-line telecom company was raised to "Buy" from "Neutral" at UBS, citing the possibility of increased dividends. – I like this stock, says Tim Seymour.
Freedom. At the invitation of the North Korean government, The New York Philharmonic traveled to Pyongyang to perform to a sold-out crowd, an act some are calling "Violin Diplomacy." The historic performance began with a rousing rendition of "The Star Spangled Banner" and ended with a standing ovation.
DROPS (stocks that slid lower)
Costco (COST) dropped 2%. A Goldman Sachs analyst downgraded the discount retailer to "neutral" from "buy" saying a weak economy will make it tough for Costco to beat EPS expectations. – Nothing to see here, Jeff Macke says.
Neverland. A drop for the "King of Pop": A foreclosure auction is set for Michael Jackson's home/amusement park unless he can come up with $24,525,906.61 by March 19th. Along with the home and grounds, the railroad, Ferris wheel and carousel will also be put up for auction.
Solarfun (SOLF) dropped 13%. Bank of America analysts took down several names in the solar sector. They downgraded SOLF to "sell" from "neutral. – Not fun, Karen Finerman says.
Nortel Networks (NT) dropped 13%. Shares of the telecom equipment maker plunged after it posted its 5th loss in 6 quarters, and announced more than 2,000 job cuts. – They’re struggling, says Pete Najarian.
Lamar (LAMR) dropped 7%. The first quarter forecast for this outdoor advertising firm fell short of expectations. – The ad dollars just aren’t flowing into these guys, says Jeff Macke. Right now I wouldn’t touch the stock.
Carter's (CRI) dropped 24%. The maker of children's clothes under the "Osh Kosh" brand posted a profit short of expectations. – Stay away, counsels Karen Finerman.
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Trader disclosure: On Feb.27, 2008, 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 (XTO) Calls, (JEF) Calls, (CNET) Calls, (BIIB), (C), (CSCO), (MS), (MSFT), (XLF), (YHOO) Calls; Macke Owns (INTC), (DIS), (ATVI); Seymour Owns (AAPL), (CSCO), (INTC), (MER), (MSFT), (SHLD), (TSO);Seygem Asset Management Owns (INFY), (EWT), (AUO), (UMC), (TSM), Gazprom, Is Short (PBR); Finerman Owns (HD), (GS), (LOW); Finerman’s Firm Owns (FNM), (MSFT), (YHOO), (WMT), Is Short (IYR), (IJR), (IWM), (SPY), (MDY), (LEH), Finerman’s Firm and Finerman Own (FLS)
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