'Fast Money Pops and Drops': Avoid GM

The automaker's stock got a boost, but it should be short-lived, the panel says.
By 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 Wednesday.

Pops

General Motors

(GM) - Get Report

popped 4%. Guy Adami said it'll take a lot to settle a labor strike at

American Axle

(AXL) - Get Report

. He said the pop was short-covering and to stay away.

Dillard's

(DDS) - Get Report

was up 15%. Jeff Macke said that when the private-equity bubble burst, Dillard's went "Pfffffffthb." Sell the rip, he said.

InterContinental Exchange

(ICE) - Get Report

jumped 6%. Karen Finerman said it was all about volume, volume, volume. The exchanges love these volatile markets, she said.

Immucor

( BLUD) climbed 10%. Pete Najarian said a great third-quarter number and raised prices are good for a pop.

Drops

Verifone

(PAY)

dropped 19%. Najarian said that when a payment-processing company has accounting issues, it's good for a drop.

Crocs

(CROX) - Get Report

was down 10%. Adami said that JPMorgan downgraded the stock, citing falling U.S. demand. He said he believes Crocs is cheap here.

Yahoo!

(YHOO)

lost 2%. Macke said that Wall Street didn't get the memo when Yahoo! said it's worth more. Sell the company, he beseeched.

Sotheby's

(BID) - Get Report

slipped 10%. Finerman said investors didn't like that the company is expanding into the real estate market.

Bank of New York Mellon

(BK) - Get Report

gave up 5%. Adami said there was a lot of negative preannouncement chatter.

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