'Fast Money' Pops and Drops: Don't Go Hog Wild

Smithfield's stock leaps, but the panel says to stay away.
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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

Student Loan Corp.

(STU)

popped 14%. Karen Finerman said it was because the Senate is trying to help student lenders.

Smithfield Foods

(SFD)

added 8%. Jeff Macke said this stock has been beaten like a hog and is finally getting some back. He said to stay away.

Compuware

(CPWR)

jumped 11%. Pete Najarian said that the company raised estimates beyond expectations.

Charles Schwab

(SCHW) - Get Report

was up 9%. Guy Adami said he saw good action from the company.

Walter Industries

(WLT)

climbed 3%. Najarian said the coal stocks are moving higher.

Zale

(ZLC)

went up 10%. Finerman said the move was "perplexing."

Drops

Forest Labs

(FRX)

dropped 9%. Adami said the quarter wasn't a disaster but 2009 guidance was. It'll become value play at some point, but not yet, he said.

Manitowoc

(MTW) - Get Report

was down 9%. Najarian said investors don't like that it bought a fryer company. They would like to see the company settle on its crane business, he said.

Las Vegas Sands

(LVS) - Get Report

lost 7%. Adami said casino names are hurting right now.

Capital One

(COF) - Get Report

went down 2%. Finerman said her hedge fund is short the name. It's reporting earnings on Thursday, she said.

Northrop Grumman

(NOC) - Get Report

gave up 7%. Macke said

Lockheed Martin

(LMT) - Get Report

is more interesting.