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Pops & Drops: JPMorgan, CME Group

Following are the day’s biggest winners and losers. Find out why shares of JPMorgan and CME Group popped while H&R Block and Harris Corp dropped.

POPS (stocks that jumped higher)

JPMorgan (JPM) popped 25%. This and other financials rallied on the government’s new plan to mop up toxic assets. - Nice pop, says Pete Najarian.

CME Group (CME) popped 15%. The Chicago-based clearinghouse was recently approved for guaranteeing credit-default swaps and could experience a volume increase on government bailout plans. - Huge bull tapes are usually pretty good for stocks that are exchange related, says Karen Finerman.

Wells Fargo (WFC) popped 24%. Investors appear to be less concerned with the bad assets this bank might have inherited when it acquired Wachovia. - They also want to pay back TARP money, says Jeff Macke.

Hewlett-Packard (HPQ) popped 8%. The tech titian inked a deal with a bank based in South Korea, suggesting the Treasury plan could have very long arms. - This stock could go to $34, says Guy Adami.

Eli Lilly (LLY) popped 5%. The FDA approved its drug, Symbyax, as a treatment for depression. - Even with the pop, shares still look a little too cheap, says Pete Najarian.

Capital One (COF) popped 20%. Investors hope a stronger recovery means fewer people fall behind on their credit cards. - I would not be short any more, counsels Karen Finerman

Intel (INTC) popped 6%. More investors are turning bullish on the entire sector after a Stifel Nicolaus analyst said a rival chip manufacturer had experienced a "demand surge." - I would not want to own this stock, says Jeff Macke.

Alcoa (AA) popped 13%. More investors believe price for aluminum will rebound next year. - It should move higher from here, says Guy Adami.

iShares MSCI Emerging Markets ETF (EEM) popped 9%. As commodities and global stocks soared so did this ETF.

Prudential (PRU) popped 26%. What’s good for banks appears to be just as good for insurance firms.

Barclays (BCS) popped 30%. Investors believed the Geithner plan could spark growth worldwide, lifting shares of this and other overseas banks.

ING Groep (ING) popped 24%. The Dutch financial company asked over 1000 employees to return last year’s bonuses after it received $13.5 billion in government aid last October.

DROPS (stocks that slid lower)

H&R Block (HRB) dropped 9%. Investors didn’t like the way the numbers added up here, and they sent shares lower.

Harris (HRS) dropped 9%. Oppenheimer downgraded the firm to “perform” from “outperform” and slashed its price target to $65 due to a smaller than expected backlog.




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Trader disclosure: On Mar. 23rd, 2009, 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), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (MSFT), (RIG), (AXYS); Finerman's Firm Is Short (WFC), (BBT); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Owns (DNA) Call Spread; Finerman's Firm Owns (BAC) Preferred; Macke Owns (GE), (AAPL), (GS), (MS), (POT), (MOS); Macke Is Short (BRK.b); Najarian Owns (PALM) Stock & (PALM) Calls; Najarian Owns (SWY) Calls; Najarian Owns (C) Call Spread, (GS) Call Spread, (GD) Call Spread, (MS) Call Spread, (POT) Call Spread, (TGT) Call Spread, (XHB) Call Spread