Stocks On The Move: Amazon, AIG...
Following are the day’s biggest winners and losers. Find out why shares of Amazon.com (AMZN) and AIG (AIG) popped while Genesco (GCO) and Arbitron (ARB) dropped.
POPS (stocks that jumped higher)
Amazon.com (AMZN) popped 5%. Is this Cyber Tuesday? – Jeff Macke said they’re a darn good retailer.
Rail Stocks popped 2% (according Dow Jones Rail Index). Canadian Railways Chief says hedge funds are stepping up the pressure to merge.
AIG (AIG) popped 4%. The insurance giant roared back Tuesday from its 52 week low. - Guy Adami thought the market was anticipating money coming into this company.
Donaldson Company (DCI) popped 8%. The maker of Dura-Life and Ultra-Web air filters said weakness in North America was offset by Asia and Europe, and they posted a 20% gain in profit.
Barclay's (BCS) popped 9%. The British bank said it might match its 2006 profits.
Iceland. The island nation overtook Norway as the best place to live in the world, according to the UN. The U.S slipped to 12th place from 8th last year.
DROPS: (stocks that slid lower)
Genesco (GCO) dropped 15%. The footwear company, which is trying to be acquired by Finish Line, said it received a subpoena from the U.S. Attorney, seeking documents related to its merger agreement. The subpoena says documents are being sought in connection with alleged violations of federal fraud statutes. – Karen Finerman said if you want to play this stock, go options only.
RV Sales. A University of Michigan study says that RV sales will decline 4.8% in 2008. The big ticket, discretionary items have been a recession bellwether, according to Bloomberg.
Arbitron (ARB) dropped 15%. The radio rating service fell after it delayed the personal people meter and reduced its earnings forecast. – That’s bad, said Karen Finerman.
Bare Escentuals (BARE) dropped 9%. The beauty products company plummeted after its president abruptly resigned. "They have some problems," Pete Najarian said.
Heidrick & Struggles (HSII) dropped 5%. Goldman Sachs downgraded the staffing sector.
Tribune (TRB) dropped 5%. The U.S. newspaper publisher (which is being taken private) said revenue fell 9% last month, due to declining real estate and help-wanted ad sales.
Got something to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to email@example.com.
Trader disclosure: On Nov. 27, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (ATVI), (YHOO), (EMC), (INTC); Najarian Owns (AMZN) Options, (EMC) Options, (YHOO) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (NYX), (TSO), (YHOO), (WMT), (AEO); Finerman's Firm Owns (MSFT) Options, (NMX) Options, (BIIB) Options; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Is Short (SPY), (IYR), (IJR), (MDY),(IWM), (LEN); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; NBC Universal Is The Parent Company of CNBC