Fast Money Pops & Drops
'Fast Money Pops & Drops': Oh No, Moto
03/27/08 - 06:53 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 Thursday.
Pops
Solarfun SOLF popped 17%. Karen Finerman said she's not getting involved in this one.Drops
Motorola MOT dropped 5%. Finerman said that the stock gave back all of yesterday's gains. She said the split of the company isn't working out. XM Satellite Radio XMSR was down 8%. Jeff Macke said that Justice Department approval of the company's merger with Sirius SIRI is half the battle. The Federal Communications Commission is less of a laydown than people expected. The merger isn't done yet, he warned. Research In Motion RIMM lost 5%. Pete Najarian said they're just playing the range here. "Why not take profits?" he asked. Perdigao PDA fell 6%. Tim Seymour said that the company cannot pass on higher commodity prices, but still believes the company's an interesting story. Netflix NFLX ticked down 4%. Macke said the stock's had a great run. He said he was wrong about the company being dead, or at least he was early. Robbins & Myers RBN got a 22% haircut. Najarian said that the engineering equipment company is in the right sector at the right time but can't reach estimates. That's a problem, he said. Taiwan Semiconductor TSM slipped 4%. Seymour said the decline was linked to a drop in Chinese stocks. It's still a good story, he said.The crew's Pete Najarian says Consol Energy is leading a charge by coal stocks.
Pete Najarian says the bad news in other names has knocked the handset maker down.
Tim Seymour said the government is now allowing the GSEs to issue more loans, a big positive.
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