Citi Trends (CTRN) popped 24%. The casual clothing retailer exceeded analyst estimates for quarterly profit, and its '08 forecast was above expectations as well.
Dr. Pepper. Schweppes is offering a free can of Dr. Pepper to everyone in America if former Guns N Roses front man Axl Rose finally releases his 17-years-in the-works album “Chinese Democracy.”
DROPS (stocks that slid lower)
Motorola (MOT) dropped 5%. A day after splitting into 2 companies under pressure from Carl Icahn, the mobile phone maker was downgraded by Bank of America Corp, citing shrinking market share in 2008. – Sorry Carl, Karen Finerman says.
XM Satellite Radio (XMSR) dropped 8%. Just days after the Justice Department gave the green light to a merger with Sirius, shares of XM went down sharply. – The deal's not done yet, says Jeff Macke.
Research in Motion (RIMM) dropped 5%. Oracle's miss Wednesday night took its toll on other business tech names. – Take some profits, counsels Pete Najarian.
Perdigao (PDA) dropped 6%. Brazil's largest food producer dragged the Bovespa down on worries it couldn't pass-on "agflation" costs. – It’s an interesting story, says Tim Seymour.
NetFlix (NFLX) dropped 4%. After its website went down for 11 hours on Monday, the online DVD-rental company said it would give its customers a 5% refund on their monthly bill. – I think this stock goes lower, says Jeff Macke.
Thomas Edison. The inventor widely considered the inventor of recorded sound has been one-upped...Researchers have found a recording of "Au Claire de la Lune" created by French tinkerer Édouard-Léon Scott de Martinville, made in 1860 -- 17 years prior to Edison.
Robbins & Myers (RBN) dropped 22%. This chemical and industrial engineering name plummeted after it forecast quarterly and full-year profits behind estimates. – That’s a problem, says Pete Najarian.
Taiwan Semiconductor (TSM) dropped 4%. A sharp drop in Taiwan's currency sent ripples through that country's stock market. – I think it’s profit taking, says Tim Seymour.
DSW Inc. (DSW) dropped 24%. The "Designer Shoe Warehouse" announced profits were off 94%, and same store sales were down as well.
Scholastic Corp. (SCHL) dropped 14%. Costs relating to the divestiture of its "direct to home" children's book division knocked profit at Scholastic, which posted a loss of $82 million.
Western Digital (WDC) dropped 8%. The hard drive maker fell after rival Seagate suffered a downgrade.
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Trader disclosure: On Mar.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; Macke Owns (YHOO), (DIS), (INTC); Finerman Owns (GS); Finerman's Firm Owns (DSW), (MSFT), (SUN), (TSO), (VLO), (WMT), (YHOO), (NYX), (PM-WI); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY); Najarian Owns (BKC), (MSFT), (NOK), (ORCL), (TSO), (XLF), (YHOO), (AAPL); Najarian Owns (AA) Calls, (CCU) Calls, (COP) Calls, (NVDA) Calls, (BSC) Calls, (CHK) Calls; Najarian Owns (LEH) Puts, (MER) Puts, (USB) Puts, (OIH) Puts; Seymour Owns (CFC), (F), (MER), (MSFT), (TMA), (AAPL), (TSO); Seygem Asset Management Owns (TSM); Charles Schwab Is A Sponsor Of "Fast Money"