Pops & Drops: Dell, FedEx...
Pops & Drops: Dell, FedEx..."
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Following are the _day’s _biggest winners and losers. Find out why shares of DELL and FEDEX popped while MBIA and HARMAN INTERNATIONAL dropped. POPS (STOCKS THAT JUMPED HIGHER) DELL (DELL)
POPPED 4%. Goldman Sachs reinstated its rating on the company at ‘buy,’ citing a new corporate cycle of demand beginning in 2010. - I'd get long if it breaks above $16.50, says Joe
Terranova. DOW JONES US REAL ESTATE ETF (IYR) POPPED 2%. Investors turned bullish due to positive economic data. - When the market is up and the risk trade is up, this seems to pop, muses
Karen Finerman. FEDEX (FDX) POPPED 3%. Barron’s said the company was well positioned overseas in China and has good operating leverage. - I like other names in the space, says Gary Kaminsky.
BRAZIL INDEX ETF (EWZ) POPPED 2%. Strong commodity prices boosted this ETF as well as data which showed job growth in Brazil grew at a faster than expected rate. - Keep an eye on it, says
Tim Seymour. INTEL (INTC) POPPED 2%. The company’s board approved a 13% dividend hike, saying it is confident in future business. - I'd play the space with the SMH and spread out the
risk, counsels Joe Terranova_._ MERCK (MRK) POPPED 2%. The drug maker told CNBC that the company won’t pull cholesterol pills Vytorin and Zetia off the market despite a study that found they
didn’t reopen clogged arteries as well as Abbott's Niaspan. SPRINT NEXTEL (S) POPPED 15%. Credit Suisse upgraded the firm to ‘outperform’ from ‘neutral’ saying the company is showing
progress with its turnaround efforts. Sprint also said it has paid down $1bln on a $4.5bln revolving loan. ARCELORMITTAL (MT) POPPED 4%. JPMorgan boosted the sector, adding this firm as well
as US Steel to its focus list, due to upside earnings potential. DROPS (STOCKS THAT SLID LOWER) MBIA (MBI) DROPPED 8%. The world’s largest bond insurer, fell the most in nine months after
posting a bigger- than-expected third-quarter loss. HARMAN INTERNATIONAL (HAR) DROPPED 2%. With gains of nearly 40% over the past 3 months investors took some profits and rotated into other
areas of the market. ______________________________________________________ Got something to to say? Send us an e-mail at [email protected] and your comment might be posted on the
_Rapid Recap_! If you'd prefer to make a comment but not have it published on our website send your e-mail to . _Trader disclosure: On November 16th, 2009, the following stocks and
commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (EEM), (GE), (INTC); Finerman Owns (RIG), (FLS);
Finerman's Firm Owns (CSCO), (RIG), (MSFT), (NOK), (PLCE), (TGT); Finerman's Firm Is Short (USO); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns
(WMT); Finerman's Firm Is Short (IJR), (MDY), (IWM), (UNG); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred, (BAC); Finerman's
Firm Owns (FLS), Is Short (FLS) Calls; Terranova Owns (GS), (JPM), (SU), (AAPL), (GOOG); Terranova Works For (VRTS); Terranova Owns Dec. Crude Oil . Futures; Terranova Owns Dec. Gold
Futures; Terranova Owns Dec. Nat Gas Futures_ _For Brian Kelly __Kanundrum Capital Owns (ELX) __Kelly Owns (ELX) Calls _
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