'Fast Money Pops and Drops': Papa John's Is Cookin'

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 Quote) was up 3%. Jeff Macke said you've got to like the price action on results this bad.

Homex (HMX Quote) rose 4%. Tim Seymour called the stock a good story.

Cisco (CSCO Quote) ticked up 4%. Pete Najarian said the numbers look outstanding.

IHOP (IHP Quote) jumped 10%. Karen Finerman had thought results from newly acquired Applebee's would be bad, but they weren't.

Tenet Health Care (THC Quote) lifted 2%. Najarian said the stock was still riding on yesterday's news that health care spending will increase.

Papa John's (PZZA Quote) ticked up 9%. Seymour attributed the pop to strong guidance.

Brasil Telecom (BRP Quote) 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 Quote) dropped 2%. Macke recommended buying, saying the company was a great merchant.

Solarfun (SOLF Quote) fell down 13%. Finerman called Solarfun "ridiculous." She cautioned investors to stay away.

Nortel (NT Quote) slipped 13%. Najarian said the company has been struggling and hasn't made money in a year and a half.

Lamar (LAMR Quote) was down 7%. Macke said advertising money wasn't coming in.

Carters (CRI Quote) plummeted 24%. Finerman called the company's earnings a huge miss. Avoid it, she advised.