Fast Money Pops & Drops

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'Fast Money Pops and Drops': Fortune Brands Fortunate

03/31/08 - 06:44 PM EDT

Mike Taylor

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 Monday.

Pops

Fortune Brands (FO - Cramer's Take - Stockpickr) popped 9%. Guy Adami said the company didn't have to pay up to get Absolut Vodka. Good for them, he said. He called the stock cheap and said it's a buy.

Northwest Airlines (NWA - Cramer's Take - Stockpickr) rose 3%. Pete Najarian said that the company is making progress on its Delta (DAL - Cramer's Take - Stockpickr) merger. As oil prices rise, airlines should finish up their mergers, he said.

Starbucks (SBUX - Cramer's Take - Stockpickr) climbed 3%. Jeff Macke said he still recommends the stock as a trade with a stop at $16.75. He said the company faces a long slog, however.

Gilead (GILD - Cramer's Take - Stockpickr) was up 4%. Adami called the stock a monster biotech with five major drugs. It's still going higher, he said.

Schwab (SCHW - Cramer's Take - Stockpickr) added 4%. Najarian said the company was upgraded by Standard & Poor and continues to build on other companies' mistakes.

Macy's (M - Cramer's Take - Stockpickr) jumped 5%. Karen Finerman said the stock had been overdone last week and speculated that the pop owed to "window-dressing" for the end of the quarter.

Drops

Thornburg Mortgage (TMA - Cramer's Take - Stockpickr) dropped 27%. Finerman said the company can't get a deal done.

Cal-Maine Foods (CALM - Cramer's Take - Stockpickr) popped then dropped. Macke said the egg company shouldn't count its chickens before they hatch. He said investors could build a position in the name now.


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Fast Money Pops & Drops

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