'Fast Money' Pops and Drops: Stay in Home Depot
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 Friday.
Pops
Valero
(VLO) - Get Report
popped 10% this week. Jeff Macke said the refiners' margins are going to improve, according to analysts. They're going to have to improve, he said, so get out of the refiners.
Baidu
(BIDU) - Get Report
was up 20%. Pete Najarian said the
(GOOG) - Get Report
of China has a higher price-to-earnings ratio than Google. He said players in the search space should stick with Google.
Lehman Brothers
(LEH)
jumped 16%. Guy Adami said the CEO said the worst is over for the broker.
Fannie Mae
(FNM)
climbed 9%. Karen Finerman said that liquidity is returning to the financials. Fannie Mae went along for the ride, she said.
Tyson Foods
(TSN) - Get Report
added 13%. Macke said that South Korea lifted its ban on U.S. mad cows. That works for Tyson, he said.
Ford
(F) - Get Report
gained 11%. Adami said the company saw increased demand for its Focus car. Things may be looking up for Ford, he said.
Tempur-Pedic
(TPX) - Get Report
tacked on 8%. Macke called the run a dead-cat bounce. Buy
Home Depot
(HD) - Get Report
instead, he said.
The
SPDR Homebuilders
(XHB) - Get Report
surged 4%. Adami said he'd rather own Home Depot.
ValueClick
(VCLK)
jumped 10%. Finerman said she likes the name and her fund is long the stock.
Dollar Tree
(DLTR) - Get Report
rocketed 7%. Macke said this play on the weak consumer works just fine.
Drops
Forest Labs
(FRX)
lost 10%. Najarian said the company's forecast is down because it's putting money into research and development. This news could be good for the long term, he said.
State Street
(STT) - Get Report
dropped 13%. Finerman joked that the company didn't announce a big enough loss.
Wynn
(WYNN) - Get Report
was down 5%. Najarian said the casino stocks are going to continue to go lower. Wait a while to get long, he said.
Intuitive Surgical
(ISRG) - Get Report
fell 13%. Najarian said the stock had a tough week. He said the company is having a little "hiccup" right now.