'Fast Money' Pops and Drops: Safeway Not So Safe
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
Johnson Controls
(JCI) - Get Report
popped 6%. Guy Adami said revenue was up. He said investors who want to play autos should buy auto-parts names. He'd rather play
Borg Warner
(BWA) - Get Report
, he said.
AMR
(AMR)
jumped 4%. Pete Najarian said he's long the stock, but it's a long-term hold.
CSX Corp.
(CSX) - Get Report
ticked up 4%. Adami said the company's volume was down, but revenues per unit were up. This means the company has pricing power, he said.
Banco Bradesco
(BBD) - Get Report
climbed 5%. Tim Seymour said the company has a $65 billion market cap, and UBS upgraded Brazil today.
Elan
(ELN)
rose 11%. Najarian said the stock is going higher.
Knight Capital
(NITE)
surged 12%. Adami said the company has a great CEO. The company is buying back stock, and Knight actually looks interesting, he said.
Movado
(MOV) - Get Report
went up 5%. Carter Worth said the stock jumped on an upgrade, but the chart is in an established downtrend. Stay away, he advised.
Titanium Metals
(TIE)
added 9%. Seymour said the stock has a great fundamental story behind it. He said today's rally was short-covering.
Drops
Sallie Mae
(SLM) - Get Report
dropped 7%. Najarian said the student loan business is a tough game. He said the government is reducing subsidies and Morgan Stanley said it doesn't like the stock.
Mobile Telesystems
(MBT) - Get Report
was down 10%. Seymour said the Russian cellular company is the largest cell play in eastern Europe. Buy Mobile Telesystems and sell
Vimpel-Communications
(VIP)
, he said.
Safeway
(SWY)
lost 5%. Worth said the stock is making lows, and viewers should stay away.
Talbot's
(TLB)
plummeted 29%. Worth said the company's letters of credit were pulled by HSBC and Bank of America.