Pops & Drops: Nucor, Borders...

Following are the day’s biggest winners and losers. Find out why shares of Nucor and Borders popped while Mattel and Amylin dropped.

POPS (stocks that jumped higher)

Ikon Office Solutions (IKN) popped 9%. The last independent printer distributor in North America climbed on word that Ricoh agreed to buy the company at an 11% premium. – It’s makes sense. I like the combo, says Jon Najarian.

China ETF (FXI) popped 3%. The ETF made gains on post-earnings relief rallies in two of its largest components, China Mobile and China Life. – I’d take half off here, says Quint Tatro.

Nucor (NUE) popped 3%. UBS said the steel maker stands to benefit from continued global infrastructure demand, as well as strong U.S. exports and record high prices. – I like the stock here, says Guy Adami.

Valero (VLO) popped 4%. New forecasts suggests that Tropical Storm Gustav could intensify into a hurricane as it ploughs toward the U.S. – I’d take a look, says Joe Trranova but not because of the storm. Because of gasoline supplies.

Talbots (TLB) popped 29%. The apparel seller maintained its full year profit forecast. – Sell the rip, counsels Jon Najarian.

Borders (BGP) popped 22%. The second-largest US bookstore chain reported a narrower than expected loss. – I think you could get to double digits on this stock, says Joe Terranova.

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DROPS (stocks that slid lower)

Mattel (MAT) dropped 3%. The toymaker only won $100 million in its lawsuit over the rights to Bratz dolls, a sum much lower than the $1 billion it had originally sought. – I like Mattel at current levels, says Guy Adami.

Amylin (AMLN) dropped 26%. The drug developer revealed that its diabetes drug Byetta was linked to two more deaths last week, bringing the total number of deaths to six. – Goldman maintains a $46 price target on this stock, explains Joe Terranova.

Solarfun (SOLF) dropped 13%. Investors took profits in this volatile stock after it beat on earnings and raised shipment guidance. – I’m done with solars for a while, says Quint Tatro.

American Axle (AXL) dropped 2%. An analyst downgraded the stock to “Neutral” from “Outperform” due to weakness in the US auto industry. – I like Borg Warner better, says Guy Adami.

Dollar Tree (DLTR) dropped 4%. The discount chain’s 2008 outlook fell short of the Street’s expectations. – I think you can buy it on the dip, says Jon Najarian.

Brown Shoe (BWS) dropped 3%. The maker of Naturalizer and Viq Spaga said profits were down 80% this quarter and they reduced full-year outlook. – It’s not for me, says Quint Tatro.

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Trader disclosure: On Aug 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; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Jon Najarian Owns (C), (JPM); Jon Najarian Owns (AAPL) And (AAPL) Calls; Jon Najarian Owns (ALF) Calls, (NTAP) Calls, (RMBS) Calls, (EWH) Calls, (UNG) Calls; Tatro Owns (C); Quint Tatro Is The Principal Of Tatro Capital; Tatro Capital Owns (FXI), (SHLD), (XHB), (XLF), (SMN); Tatro Capital Is Short (MON), (MOS), (POT), (RIMM); Terranova Owns (POT), (NOV), (SA), (GS), (KOL), (EOG), (VLO), (FCX), (RIMM), (AAPL), (X); Terranova Owns (AIG) Puts; Terranova Owns Dec. 2008 RBOB Gasoline Crack Futures

Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.; Phoenix Investment Partners Owns More Than 1% Of (ABD), (ARE), (BRE), (CNTY), (CLB), (OFC), (DLR), (ESS), (EXR), (FL), (IAT), (IGE), (LNET), (MAC), (OIIM), (PSPT), (DBC), (DBV), (SLB), (SKT), (BLV);

Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO; Phoenix Diversifier PHOLIO Owns (IGE), (DBC), (DBV)