Pops & Drops: AK Steel, Wynn Resorts...

Following are the week’s biggest winners and losers. Find out why shares of AK Steel and Wynn Resorts popped while Monsanto and Capital One dropped.

POPS (stocks that jumped higher)

AK Steel (AKS) popped 15%. Infrastructure stocks gained broadly on positive manufacturing data out of China. - I expect steel prices to continue higher, speculates Tim Seymour.

Wynn Resorts (WYNN) popped 36%. Positive comments about Macau and MGM’s massive City Center project in Las Vegas sent the whole sector higher. - It's also a heavily shorted stock, explains Joe Terranova.

Disney (DIS) popped 7%. Investors shrugged off a JP Morgan downgrade to ‘neutral’ from ‘overweight.’ - I'd take some profits, counsels Jeff Macke.

Continental Airlines (CAL) popped 5%. The airline advanced on the strength of the overall transportation sector. - They seem to be digesting bad news quite well, says Joe Terranova. I think it could go to $15.

Gilead Sciences (GILD) popped 5%. The company’s hypertension drug received positive results in a phase 3 clinical trial. - Nice pop, says Karen Finerman.

VMWare (VMW) popped 18%. Goldman Sachs added VMware to its ‘Conviction Buy List,’ and upped its target to $29. - Tim Seymour isn't sure what to say.

Intercontinental Exchange (ICE) popped 6%. Goldman’s added the stock to its 'Conviction Buy List' citing new regulations and a solid position to outperform its peers. - I think there could be a lot more trading fees in their future, adds Joe Terranova.

DROPS (stocks that slid lower)

Monsanto (MON) dropped 7%. JPMorgan downgraded the stock to 'neutral' from 'overweight' due to slowing sales growth. - I think of this stock as a proxy for the ag names in general, explains Jeff Macke.

Capital One (COF) dropped 5%. Moody’s downgraded the firm citing higher costs of credit and continued pressures. - I would not short this stock, says Karen Finerman. In fact I'm thinking about getting long.

Hartford Financial (HIG) dropped 10%. Moody’s cuts the company’s credit rating due to continued risks of losses and weak earnings. - It seems to me like they're going to have to raise more capital, speculates Tim Seymour.

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Trader disclosure: On Apr 3rd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WFC), (AAPL), (GE), (GS), (MOS); Seymour Owns (AAPL), (AA), (EEM), (FCX), (FXI); Finerman Owns (BAC) Preferred; Finerman's Firm Owns (MSFT), (RIG); Finerman's Firm Owns (WFC) Preferred, (BAC) Preferred; Finerman's Firm Is Short (IJR), (MDY), (SPY), (USO), (IWM), (BAC), (BBT), (WFC); Terranova Owns (JOYG), (X), (IBM), (XOM), (HES), (POT), (DIS), (DELL), (JPM), (INTC), (BP); Terranova Owns (COP) Calls; Terranova Owns (BRCM) & (BRCM) Calls; Terranova Owns (WYNN) & (WYNN) Calls; Terranova Owns (AMGN) & (AMGN) Puts