Stockpickr

'Fast Money Pops and Drops': Tesoro's Sorrow

Stockpickr Staff

03/12/08 - 06:40 PM EDT
Here's what CNBC's "Fast Money" traders had to say about some of the market's biggest movers on their "Pops and Drops" segment Wednesday.

Pops

Thornburg Mortgage (TMA Quote - Cramer on TMA - Stock Picks) was up 86%. Tim Seymour said the company was now a little farther away from death.

Dendreon (DNDN Quote - Cramer on DNDN - Stock Picks) climbed 7%. Pete Najarian said to be careful. This is still a year-away type story, he said.

Capital One (COF Quote - Cramer on COF - Stock Picks) rose 3%. Karen Finerman said it was shocking to see that the company's bad debts actually ticked down.

Cameron International (CAM Quote - Cramer on CAM - Stock Picks) jumped 7%. Guy Adami said the stock was a play on capital expenditures from big oil companies. He also recommended Schlumberger (SLB Quote - Cramer on SLB - Stock Picks) and Baker Hughes (BHI Quote - Cramer on BHI - Stock Picks).

Garmin (GRMN Quote - Cramer on GRMN - Stock Picks) ticked up 5%. Finerman called it a barren story. But since it has gone from a price-to-earnings ratio of 40 to a P/E of 13, maybe it had been overdone to the downside, she said.

Cash America (CSH Quote - Cramer on CSH - Stock Picks) rose 5%. Adami said, "You know things are bad when a pawn shop does well."

Drops

Pfizer (PFE Quote - Cramer on PFE - Stock Picks) dropped 2%. Najarian said the company was a value trap. Sooner or later we'll be right, but not now, he said.

Tesoro (TSO Quote - Cramer on TSO - Stock Picks) fell 10%. Seymour said demand for gas was going down. Demand may actually be sensitive to prices, he quipped.