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Pops & Drops: Yahoo, General Motors...

Following are the day’s biggest winners and losers. Find out why shares of Yahoo and IBM popped while General Motors and Merck dropped.

POPS (stocks that jumped higher)

IBM (IBM) popped 4%. The largest computer services company reaffirmed its earnings outlook for 2009 and announced a share buyback. – Compared to Dell they look great, says Jeff Macke.

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