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'Fast Money Pops and Drops': Papa John's Is Cookin'
02/27/08 - 06:58 PM EST
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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
Toll Brothers TOL was up 3%. Jeff Macke said you've got to like the price action on results this bad. Homex HMX rose 4%. Tim Seymour called the stock a good story. Cisco CSCO ticked up 4%. Pete Najarian said the numbers look outstanding. IHOP IHP jumped 10%. Karen Finerman had thought results from newly acquired Applebee's would be bad, but they weren't. Tenet Health Care THC lifted 2%. Najarian said the stock was still riding on yesterday's news that health care spending will increase. Papa John's PZZA ticked up 9%. Seymour attributed the pop to strong guidance. Brasil Telecom BRP got goosed for 5%. Seymour suggested that a UBS upgrade and talk of a dividend increase were responsible. He said he liked the stock.Drops
Costco COST dropped 2%. Macke recommended buying, saying the company was a great merchant. Solarfun SOLF fell down 13%. Finerman called Solarfun "ridiculous." She cautioned investors to stay away. Nortel NT slipped 13%. Najarian said the company has been struggling and hasn't made money in a year and a half. Lamar LAMR was down 7%. Macke said advertising money wasn't coming in. Carters CRI plummeted 24%. Finerman called the company's earnings a huge miss. Avoid it, she advised.These heavily shorted industrial goods stocks have the potential to climb big on any positive catalyst.
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