'Fast Money' Pops and Drops: Hess Dips

The trading panel says Hess is a good play on oil, unless you believe oil is going lower.
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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 on Tuesday.

Pops

Sole occupant of the pops today was

State Street

(STT) - Get Report

, which moved up 7% to $59.65. Guy Adami said "these stocks should work" but was also quick to add that "they're financials, so people are quick to sell them."

Drops

First among the drops was

Exxon Mobil

(XOM) - Get Report

, which fell 4% to $82.19. Joe Terranova had nothing to say about it except to mention that it was "absolutely miserable."

Also falling was

Kimberly-Clark

(KMB) - Get Report

, down 6% to $55.01. Jeff Macke said its shareholders "need a hug" and then need to "rotate to

Procter & Gamble

(PG) - Get Report

."

Rounding out the group was

Hess

(HES) - Get Report

, which was down 7% to $103.66. Terranova said it marked a "great way to play oil," stating that "if you think oil's going down, don't be long Hess."

This article was written by a staff member of TheStreet.com.