Rohm & Haas (ROH) popped 17%. Although it wasn't announced until after hours, all day traders speculated that Dow Chemical would agree to go through with its purchase of the company. - That explains the pop, chuckles Karen Finerman.
General Electric (GE) popped 5%. The conglomerate said another FDIC bond offering is in the works, which will help pay down outstanding debt. - This stock seems to be coming back, says Zach Karabell.
Wells Fargo (WFC) popped 16%. The bank moved higher after announcing a 85% cut in its dividend last week. - It's profitable to be a bank right now, reminds Karen Finerman.
Halliburton (HAL) popped 4%. FBR raised its rating on the company to ‘Outperform,’ saying the services providers are good bets during a slump in oil and gas markets. - If oil prices tick higher this stock should too, muses Tim Seymour.
Caterpillar (CAT) popped 3%. The world’s largest maker of construction equipment popped as industrial stocks in general showed strength. - It could be a sign of business turning up, adds Zach Karabell.
JetBlue (JBLU) popped 3%. Morgan Stanley upgraded the stock to ‘Overweight.’ - You've got to like that, exclaims Pete Najarian.
Proshares Ultrashort 20+ YR Treasury ETF (TBT) popped 1%. The ETF that corresponds to the inverse of Treasuries popped as Treasuries fell ahead of the government’s sale of $63 billion in notes and bonds. - I'm thinking there's a lot of supply of Treasuries coming on the market and I'm staying long, says Karen Finerman.
DROPS (stocks that slid lower)
HSBC Holdings (HBC) dropped 5%. The bank dropped after Lloyd’s gave the UK government an increased stake in return for insurance of 260 billion pounds of assets. - They are plagued by their US housing loans, adds Tim Seymour.
Proctor & Gamble (PG) dropped 3%. The world’s biggest consumer-products maker dropped after its president of global business units, Susan Arnold, announced her retirement. - This stock is trading near its 52-week low, says Pete Najarian
Aflac (AFL) dropped 14%. UBS downgraded the company to “Sell” from “Neutral.”
Google (GOOG) dropped 6%. Silicon Alley Insider Henry Blodget said Internet search engine growth is declining; also Google’s revenue has been rapidly decelerating.
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your e-mail to email@example.com.
Trader disclosure: On Mar. 9th, 2008, 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 (GDX); Najarian Owns (DNA) Calls; Najarian Owns (FCX) Spread; Najarian Owns (MS) & (MS) Calls; Najarian Owns (MSFT) & (MSFT) Calls; Najarian Owns (PNC) Put Spread; Najarian Owns (X) Call Spread; Najarian Owns (V) & (V) Calls; Najarian Owns (MOS) Call Spread; Najarian Owns (GD) Long Calls; Finerman's Firm Owns (MSFT); Finerman's Firm Owns (DNA) & (DNA) Calls; Finerman's Firm Own (RIG); Finerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO), (BBT), (VNO); Seymour Owns (BIDU), (EEM), (FXI), (RIG), (BAC), (CHL); Karabell Owns (AAPL), (BHP), (FCX), (GOOG), (GLD), (GE), (JPM)