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'Fast Money' Pops and Drops: Splitting the Cable

Time Warner Cable pops on anticipation of its split from its parent company.

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

Time Warner Cable

(TWC)

popped 4%. Guy Adami said the company's split with

Time Warner

(TWX)

is highly anticipated.

Borders

(BGP)

jumped 9%. Jeff Macke said to sell the pop.

Medtronic

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(MDT) - Get Medtronic Plc (MDT) Report

gained 3%. Pete Najarian said the company issued strong earnings yesterday and was upgraded by Goldman Sachs today.

Drops

AIG

(AIG) - Get American International Group, Inc. Report

dropped 3%. Karen Finerman said that this wasn't so bad for AIG.

Boeing

(BA) - Get Boeing Company Report

slipped 5%. Adami said the airlines are hurting so badly that even if Boeing comes out with planes, there may be no one to buy them. He said this is a dip to buy, but at investors' own peril.

Moody's

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lost 16%. Finerman said that blaming a computer glitch for mistaken triple-A ratings on securities is a problem for the company.