'Fast Money' Pops and Drops: Safeway Not So Safe

The supermarket stock is making new lows, but the trading panel says it's no bargain.
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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 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.