Pops & Drops: JPMorgan, Boeing...

Following are the day’s biggest winners and losers. Find out why shares of Nasdaq and JPMorgan popped while CBS Corp and Boeing dropped.

POPS (stocks that jumped higher)

Nasdaq (NDAQ) popped 3%. For the first time in 9 months the exchange gained market share, though it was largely due to lower trading fees. - Good for Nasdaq, says Pete Najarian.

Allergan (AGN) popped 1%. Early reports suggest the company could present positive findings on the use of Botox to treat severe migraines. - Interesting, says Karen Finerman.

JPMorgan (JPM) popped 1%. A negative note in Barron’s about AIG and Citi triggered a rotation within bank stocks. - I'd be long against $42.06, says Joe Terranova.

International Paper (IP) popped 3%. A report in Barron’s about this company said, “after focusing on credit issues, investors are switching their focus to fundamentals such as earnings and revenue.” - I'd keep an eye on this name for more upside, counsels Pete Najarian.

TD Ameritrade (AMTD) popped 4%. An analyst note cited a shift to retail brokerages over institutional brokerages.

Tighty-Whities: Forget the lipstick indicator, the newest gauge of economic health is the men’s underwear index. The theory goes: as the going gets tough, men hold off on buying new undergarments. While sales took a dive last year, the rate of decline is now starting to slow – a bullish sign for everyone.

DROPS (stocks that slid lower)

SPDR S&P Homebuilders ETF (XHB) dropped 2%. The homebuilders ETF fell ahead of pending home sales on Tuesday. - I think it drops further, says Guy Adami.

CBS Corp (CBS) dropped 4%. Adweek said CBS had sold only 65% of its ad spots for the 2009 Super Bowl; at the same time last year NBC had sold 85% of its inventory. - That doesn't seem so bad to me considering what's happening in the economy, muses Karen Finerman.

Boeing (BA) dropped 3%. Macquarie Research downgraded the company to ‘neutral’ from ‘outperform’ citing valuation.

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Trader disclosure: On Aug 31st, 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); Terranova Owns (AMZN), (FCX), (JPM), (SU), (WFT); Terranova Is Short (SHLD); Terranova Is Short (ESS); Terranova Owns (CCL) Puts; Terranova Works For (VRTS); Finerman Owns (PDE); Finerman Owns (RIG); Finerman's Firm Owns (BAC) Preferred Shares, Finerman Owns (BAC) Preferred Shares And Owns (BAC); Finerman's Firm Owns (WFC) Preferred Shares And Is Short (WFC), Finerman Owns (WFC) Preferred Shares ; Finerman's Firm Owns (MSFT), (NOK), (WMT), (PBR), (PDE), (RIG), (TBT); Finerman's Firm Is Short (USO), (IYR), (IJR), (MDY), (IWM); Najarian Owns (BAC) & Short (BAC) Calls ; Najarian Owns (BUCY) & Short (BUCY) Calls; Najarian Owns (HGSI) Call Spread; Najarian Owns (FCX), Owns (FCX) Put, Is Short (FCX) Calls; Najarian Owns (JPM) & Is Short (JPM) Calls ; Najarian Owns (MS) And Is Short (MS) Call; Najarian Owns (MSFT) And Is Short (MSFT) Call; Najarian Owns (PALM) Calls; Najarian Owns (TXT) Call Spread; Najarian Owns (TEVA) Calls; Najarian Owns (C) & Short (V) Calls; Najarian Owns (WFT) Call Spread; Najarian Owns (YHOO) Call Spread; Najarian Owns (ETFC) Calls