'Fast Money' Pops and Drops: Fannie Kicks Back

'What's better than mortgages?' asks one of the panelists.
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 Tuesday.

Pops

Fannie Mae

( FNM) popped 20%. Karen Finerman said, "What's better than mortgages?"

Intermune

(ITMN)

rose 19%. Pete Najarian said the pharma company has a drug in an early-stage study. "It's a ways out, but analysts still like it, so it still pops," he said.

Pier One

(PIR) - Get Report

was up 10%. Guy Adami said an upgrade caused the pop. The stock is a perennial drop, he said.

Buffalo Wild Wings

(BWLD)

added 12%. Jeff Macke said that when you take a 391-point rally, a beaten stock and an upgrade, you get a pop. Roll out of Buffalo Wild Wings, he advised.

CME Group

(CME) - Get Report

jumped 7%. Finerman said that an up-volume day is a nice day for any exchange.

Solarfun

( SOLF) ticked up 2%. As an April Fool's joke, Finerman said she liked the stock. "I am not buying Solarfun," she said.

Drops

Clear Channel

(CCU) - Get Report

dropped 3%. Najarian said that the legal battle related to the deal to take it private has created volatility, which creates pops and drops.

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