Stocks On The Move: GM, Daimler...
Following are Tuesday's biggest winners and losers. Find out why shares of General Motors (GM), Daimler (DAI)andSunMicro (JAVA) popped while Dillard's (DDS) and Avis Budget Group (CAR) dropped.
POPS (stocks that jumped higher)
General Motors (GM) popped 4%. The automaker jumped after August light vehicle sales of 6% topped forecasts. - Guy Adami thinks that GM’s 0% incentives have something to do with the pop.
Daimler (DAI) popped 4%. The automaker is doing better without Chrysler as Mercedes reported record August sales. - Karen Finerman explains DAI is involved in a big buyback which she likes.
SunMicro (JAVA) popped 3%. The company changed its ticker last week to match its successful software and helped lead the tech breakout Tuesday. - Jeff Macke likes JAVA as a long-term investment.
Texas Instruments (TXN) popped 3%. The chip giant is up after announcing a new high-def video chip priced under $10. - Pete Najarian thinks there’s still room for chips to go higher.
Lehman (LEH) popped 3%. Among the hardest hit brokers on sub-prime exposure rumors, LEH roared back Tuesday. - Karen Finerman prefers Goldman Sachs which she calls a better name
Summer Box Office popped $4 billion for the summer. Rob Zombie's remake of the classic horror film "Halloween" slashed its way to a $31 million gross over Labor Day weekend, ensuring Hollywood's first ever $4 billion summer.
DROPS: (stocks that slid lower)
Mattel (MAT) dropped 2% after hours. A 3rd Chinese recall threatens to tarnish Mattel’s all-important Barbie line. - Jeff Macke believes MAT could be in huge trouble for Christmas.
Dillard's (DDS) dropped 7%. The department store stock dropped after UBS cut its price targets on department stores. - Jeff Macke says leave this stock for dead.
Avis Budget Group (CAR) dropped 3%. The car rental company ends the busy summer driving season on sour note with a notable drop. - Guy Adami doesn’t like Avis.
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Trader disclosure: On Sept, 4, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (CREE), (HLTH), (PDE); Macke Owns (HAS), (INTC); Finerman Owns (GS), Finerman's Firm Owns (LTD), (WMT); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts