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'Fast Money Pops and Drops': Fannie and Freddie Frolic

Stock quotes in this article: FRE , FNM , DRI , LNN , DFS , PTR , FCX , ERIC , NOK , NVDA , CSCO , MNST  

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

Fannie Mae (FNM Quote) and Freddie Mac (FRE Quote) rose 8% and 15%, respectively. Tim Seymour said the government is now allowing them to issue more loans, which he said was very positive.

Darden Restaurants (DRI Quote) popped 7%. Jeff Macke said Darden beat guidance, but Red Lobster is a high-end meal at this point in recession.

Lindsay (LNN Quote) climbed 18%. Pete Najarian said farmers need irrigation for crops and said the stock made a nice move.

Drops

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