'Fast Money' Pops and Drops: Fannie Kicks Back
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.