Pops & Drops: Barclays, Apple...

Friday, 3 Oct 2008 | 7:02 PM ET

Following are the day’s biggest winners and losers. Find out why shares of Barclays and The Hartfold popped while Apple and Penn National Gaming dropped.

POPS (stocks that jumped higher)

Barclays (BCS) popped 3%. Regulators in Britain raised the UK deposit compensation limit to 50,000 pounds from 35,000. – I think Credit Suisse and UBS should also do well, says Tim Seymour.

Stock Pops & Drops
The Fast Money guys take a look at todayâ??s biggest market movers.

The Hartfold (HIG) popped 6%. The insurance giant along with the rest of the industry closed higher following a rough week of market rumors that appear to be unfounded. – Harry Reid’s comments didn’t help, adds Tim Seymour.

Mosaic (MOS) popped 3%. In an interview the company’s CEO said he did not see next years crop plantings being hurt by the effects of the credit freeze. – The stock is off 75% since June, adds Guy Adami.

Ternium (TX) popped 4%. Latin America’s second-largest steelmaker closed higher on hopes auto sales will pick up.

BHPBilliton (BHP) popped 3%. Despite the credit crisis the miner said it would still be able to obtain financing and takeover rival Rio Tinto.

DROPS (stocks that slid lower)

Apple dropped 3%. Rumors that CEO Steve Jobs had suffered a heart attack sent shares lower. The report was not true. – We’re all going to die someday, says Guy Adami.

Penn National Gaming (PENN) dropped 14%. The casino stock warned its third-quarter profits and revenue will be lower due to economic conditions. – Room rates are down, adds Zach Karabell.

CB Richard Ellis (CBG) dropped 11%. The world’s largest commercial real-estate broker slid after vacancies in office building recorded their biggest jump since in 6 years. – It’s all about occupancy rates, says Guy Adami.

Coca-Cola (KO) dropped 2%. No clear reason for the drop except that the drink maker lowered its profit forecast for its operations in Russia.

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Trader disclosure: On Oct. 3, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Karabell Owns (AAPL), (AGU), (BHP), (GOOG), (JPM), (MS), (RIMM); Seymour Owns (AAPL), (INTC), (MER); Terranova Owns (AAPL), (EOG), (FCX), (FTO), (GS), (MA), (NOV), (POT), (X), (VLO)

Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (CNW)
, (OFC), (DLM), (DRH), (DLR), (EPR), (EXR), (FL), (SLB), (LNET), (MAC), (DBC), (DBV), (SKT), (UA), (BLV), (VV), (CLB), (GWX), (IGE), (FSMXX); Virtus Investment Partners Owns More Than 1% Of Shares Of Incitec Pivot Ltd.; Virtus Investment Partners Owns Seagate Tax Refund Rights; Virtus Investment Partners Owns Seagate Technology Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of Shares Of Essex Property Trust Inc.

Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

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Halftime Report

  • Jay Yarow, The Business Insider, and Steve Milunovich, UBS, discuss whether Tim Cook is to blame for Apple's drop in growth. I think it's pretty clear they missed the big phone market and overestimated the success of the plastic 5C phone, says Milunovich.

  • CNBC's Eamon Javers reports on Bill Ackman's stake in Allergan. Javers says this is a classic case of insider trading that is not against the rules.

  • FMHR trader Josh Brown thinks Dunkin' Brands looks fantastic technically, while Mike Murphy says investors are questioning the company's massive expansion plans.