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

Toll Brothers ( TOL) was up 3%. Jeff Macke said you've got to like the price action on results this bad.

Homex ( HMX) rose 4%. Tim Seymour called the stock a good story.

Cisco ( CSCO) ticked up 4%. Pete Najarian said the numbers look outstanding.

IHOP ( IHP) jumped 10%. Karen Finerman had thought results from newly acquired Applebee's would be bad, but they weren't.

Tenet Health Care ( THC) lifted 2%. Najarian said the stock was still riding on yesterday's news that health care spending will increase.

Papa John's ( PZZA) ticked up 9%. Seymour attributed the pop to strong guidance.

Brasil Telecom ( BRP) got goosed for 5%. Seymour suggested that a UBS upgrade and talk of a dividend increase were responsible. He said he liked the stock.

Drops

Costco ( COST) dropped 2%. Macke recommended buying, saying the company was a great merchant.

Solarfun ( SOLF) fell down 13%. Finerman called Solarfun "ridiculous." She cautioned investors to stay away.

Nortel ( NT) slipped 13%. Najarian said the company has been struggling and hasn't made money in a year and a half.

Lamar ( LAMR) was down 7%. Macke said advertising money wasn't coming in.

Carters ( CRI) plummeted 24%. Finerman called the company's earnings a huge miss. Avoid it, she advised.
Stockpickr is a wholly owned subsidiary of TheStreet.com.