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

03/12/08 - 06:40 PM EDT

BHI CAM COF CSH DNDN GRMN PFE SLB TMA TSO

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 - Cramer's Take - Stockpickr) was up 86%. Tim Seymour said the company was now a little farther away from death.

Dendreon (DNDN - Cramer's Take - Stockpickr) climbed 7%. Pete Najarian said to be careful. This is still a year-away type story, he said.

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

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

Garmin (GRMN - Cramer's Take - Stockpickr) 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 - Cramer's Take - Stockpickr) rose 5%. Adami said, "You know things are bad when a pawn shop does well."

Drops

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

Tesoro (TSO - Cramer's Take - Stockpickr) fell 10%. Seymour said demand for gas was going down. Demand may actually be sensitive to prices, he quipped.