Copa Holdings popped 5%. The operator of Panama’s Copa Airlines popped as oil retreated. Seymour: This airline is working, thanks to its freight and commercial exposure, when most others are not.
DROPS (stocks that slid lower)
Sallie Mae dropped 4%. While its siblings Freddie and Fannie were up big, the student loan lender was down. Seymour: More schools are saying they will only go with Federal-sponsored loans. Sallie is the “ugly stepchild” of the GSEs.
3Com dropped 11%. A Chinese firm’s $2.2 billion bid for the company has been terminated over national security concerns. The government has raised a red flag over the deal because 3Com’s anti-hacking software is used by some government agencies. Najarian: The only networkers to own are Cisco and Juniper .
Winnebago dropped 9%. Profit was off 67% at the RV-maker this quarter. Macke: Fuel prices plus weak economy equal bad news for WGO.
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Trader disclosure: On Mar. 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: Najarian Owns (LEH) Puts, (AA) Calls, (MSFT), (AAPL), (C), (CSCO), (MS), (USB) Puts, (XLF), (YHOO); Macke Owns (YHOO), (DIS), (INTC); Seymour Owns (MER), (AAPL), (CSCO), (F), (HAL), (INTC), (MBI); Seygem Asset Management Owns (EWT), (CPA), (EEM)