Northern Trust (NTRS) popped 11%. The firm popped despite reports that the company paid millions to sponsor the Northern Trust Open in LA, a PGA event, and flew clients to party and dine at fancy resorts. - That's not good, says Tim Seymour.
Toyota Motor (TM) popped 8%. The world’s biggest automaker plans to reduce output and get back to basics. - I'm long a little TM, reveals Jeff Macke.
SPDR S&P Homebuilders ETF (XHB) popped 7%. Investors bid this ETF higher, perhaps thinking that a report, which said housing prices dropped at the fastest pace on record, could signal the bottom. - Home Depot is a large component of this ETF, explains Guy Adami.
H.J. Heinz (HNZ) popped 6%. The world’s largest ketchup maker reported third-quarter earnings that beat estimates and the company reiterated its full-year forecast. - Giddyup for this stock, exclaims Pete Najarian.
Royal Bank Of Scotland (RBS) popped 17%. The firm will insure billions of assets under a government insurance program aimed at capping banks’ losses and restoring lending. - If you're in this stock I would take profits, counsels Tim Seymour.
Marvell Entertainment (MVL) popped 15%. Fourth-quarter earnings soared on revenue from its film-making unit and publishing business. - I wouldn't get involved, says Jeff Macke.
Emerging Markets ETF (EEM) popped 6%. The emerging markets ETF popped today despite global economic concerns.
DROPS (stocks that slid lower)
Foster Wheeler (FWLT) dropped 20%. The oilfield services company dropped after reporting fourth-quarter sales and revenue that missed estimates, and it announced jobs cuts at its power unit. - Their backlog went down and that's no good, says Guy Adami.
Barrick Gold (ABX) dropped 11%. Credit Suisse cut its price target on this company to $41 from $45.
Domino’s Pizza (DPZ) dropped 5%. Fourth quarter earnings beat estimates but the company said the dollar will have a negative impact on its international returns.
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Trader disclosure: On Feb. 24th, 2009, 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 (MSFT), (PALM); Najarian Owns (GE) Put Spread; Najarian Owns (FCX) & (FCX) Calls; Najarian Owns (GDX) & (GDX) Short Calls; Najarian Owns (HPQ) Calls; Najarian Owns (JPM) & (JPM) Calls; Najarian Owns (MS) & (MS) Short Calls; Najarian Owns (MOS) Call Spread; Najarian Owns (X) Put Spread; Seymour Owns (AAPL), (EEM), (MON), (BAC), (FXI), (VIP), (MS), (SSL) Seymour's Firm Owns (FCX), (COP); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (MS), (TM), (DIS); Terranova Owns (DIS), (FXC), (XBI), (KCE); Terranova Owns (AMGN) & (AMGN) Puts; Terranova Owns (IBM) Call Spread; Terraova Owns Nymex MACI Oil Futures