Flowserve (FLS) popped 12%. The maker of pumps and valves beat on fourth quarter earnings due to higher margins. – Nice job, says Karen Finerman.
Royal Bank Of Scotland (RBS) popped 17%. The UK bank said it will put assets into a government insurance program following record losses. – The UK toxic asset fund is starting to work, says Tim Seymour.
Nasdaq OMX Group (NDAQ) popped 4%. The exchange beat on fourth-quarter earnings despite a 53% drop in profits. – Joe Terranova doesn’t know what to say.
Yahoo (YHOO) popped 4%. CEO Carol Bartz said a new management structure will make it more efficient, and that the CFO Blake Jorgenson will be leaving. – I wish they’d just disband quietly, says Jeff Macke.
Aflac (AFL) popped 19%. The UK government guaranteed lenders in which the company has investments. – Good news for them, says Tim Seymour.
Fluor (FLR) popped 6%. The engineering firm reported a fourth quarter profit that beat estimates and it maintained its 2009 earnings forecast. – Engineering stocks have been relatively resilient, says Joe Terranova.
Las Vegas Sands (LVS) popped 32%. Sanford Bernstein initiated coverage of the stock with an ‘outperform’ rating. – The stock was way oversold, explains Jeff Macke.
Baidu (BIDU) popped 2%. China’s most popular internet search engine popped despite a decline in the country’s stocks today. – It’s on the tear and I still like it, says Tim Seymour.
DROPS (stocks that slid lower)
General Motors (GM) dropped 7%. CEO Rick Wagoner asked Washington for more government aid after huge fourth quarter losses. – Not good, says Joe Terranova.
Limited Brands (LTD) dropped 13%. 4th qtr earnings fell 96%, the company projected a first-quarter loss and plans to slash jobs. – Move along, says Karen Finerman.
Merck (MRK) dropped 7%. Investors believe the Pharma giant is in the same boat as rival Eli Lilly which said its will lose millions in sales if Obama’s health care plan is approved.
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Trader disclosure: On Feb. 26th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (EEM), (MON), (BAC), (FXI), (VIP); Seymour's Firm Owns (COP), (FCX), (RIO); Terranova Owns (OTS), (FXC), (XBI), (BRCM), (WYNN), (INTC), (DELL), (JOYG); Terranova Owns (IBM) Call Spread; Terranova Owns (AMGN) & (AMGN) Puts; Macke Owns (MS), (TM), (SDS), (AAPL); Finerman's Firm Owns (DNA), (MSFT), (RIG); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO), (VNO), (BBT); Finerman's Firm Owns (WFC) Preferred, (BAC) Preferred