Pops & Drops: Blackstone, Morgan Stanley...

Following are the day’s biggest winners and losers. Find out why shares of Blackstone and Lazard popped while Morgan Stanley and Best Buy dropped.

POPS (stocks that jumped higher)

The Blackstone Group (BX) popped 7%. JMP Securities initiated coverage of the firm at “market outperform” citing valuations. - Nice move, says Karen Finerman.

Oil Services ETF (OIH) popped 2%. The oil services ETF moved higher despite a decline in the price of crude oil. - I think it's worth a look, says Joe Terranova.

Lazard (LAZ) popped 3%. Goldman Sachs added the company to its prestigious “conviction buy” list. - I think the stock has a little room higher though most of the run is probably over, says Guy Adami.

MGM Mirage (MGM) popped 6%. Reports suggest Colony Capital is in talks with the casino and could be close to investing in MGM’s CityCenter project. - Interesting, says Tim Seymour.

DROPS (stocks that slid lower)

Morgan Stanley (MS) dropped 12%. Investors worried that after Goldman’s $5 billion public offering this firm could follow suit. - I'd grab it in the low 20's, says Guy Adami.

Wells Fargo (WFC) dropped 7%. Investors dragged down this bank ahead of earnings later this week from rivals JPMorgan and Citigroup. - I'd take a wait and see attitude with this stock, says Tim Seymour.

Hartford Financial (HIG) dropped 13%. Investors bid this and most other life insurance stocks lower, perhaps fearing their exposure to commercial real estate, which Goldman cited as a main factor in its quarterly loss. - Not surprised, muses Karen Finerman.

Best Buy (BBY) dropped 7%. Pali downgraded the company to ‘sell’ from ‘neutral’ and JPMorgan reported March retail sales for the industry fell 9.5%. - I think you could get long with a stop at $34.50, says Joe Terranova.

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Trader disclosure: On Apr 14th, 2009, 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), (BAC), (BX), (EEM), (FXI), (F), (PBR), (CSCO), (FDX), (TCK), (SWC); Syemour's Firm Owns (RIG); Terranova Owns (X), (KCE), (AMGN), (DELL), (IBM), (BP), (BRCM), (POT); Terranova Owns (DIS) Calls, (COP) Calls, (HES) Calls, (JPM) & (JPM) Calls, (INTC) & (INTC) Calls, (XOM) & (XOM) Calls; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (AXP), (CSCO), (MSFT), (RIG); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Owns (BIIB) Call Spread; Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Is Short (MDY), (SPY), (USO), (BAC), (WFC), (BPO), (ERG); Finerman's Firm Is Short (MDY), (SPY), (USO), (BAC), (WFC), (BPO), (ERG)