Pops & Drops: Chesapeake Energy, Pepsi...
Following are the day’s biggest winners and losers. Find out why shares of Chesapeake Energy and XL Capital popped while Pepsico and Domino's Pizza dropped.
POPS (stocks that jumped higher)
Chesapeake Energy (CHK) popped 7%. Investors weighed the notion that the stock might be oversold. – It’s a great company but you’re betting on natural gas prices, explains Tim Seymour.
XL Capital (XL) popped 55%. Investors reconsidered their decision to send shares 54% lower on Thursday after the company beat estimates. – I wouldn’t chase this stock but valuations are interesting, says Guy Adami.
Goldman Sachs (GS) popped 11%. A Citi analyst upgraded Goldman to ‘Buy’ from ‘Hold’ based on earnings power and strong fundamentals. – They have the Buffett seal of approval, exclaims Jeff Macke.
National City Corp (NCC) popped 35%. Investors bid this regional bank along with the entire sector higher on hopes that the liquidity injection would strengthen financials.
JB Hunt (JBHT) popped 9%. The trucking company reported a 19% jump in earnings and beat analysts’ expectations.
Ford (F) popped 3%. Barack Obama said that if President he would demand that the Energy Secretary act quickly on his $25 billion auto loan program.
DROPS (stocks that slid lower)
Pepsico (PEP) dropped 12%. The soft drink maker said profit fell more than expected and cut its full year forecast. – The strong dollar hurt this stock, explains Pete Najarian.
Domino's Pizza (DPZ) dropped 25%. The pizza delivery company reported slow sales and a drop in third quarter profits. – Also it’s harder for franchisees to get loans and open more stores, adds Karen Finerman.
Iceland Stocks. Iceland's stock index has its biggest decline ever this morning, after the market reopened following a 3-day freeze. Three of the country's largest banks were nationalized amid the country's financial collapse
JA Solar Holdings (JASO) dropped 15%. A Canaccord Adams analyst downgraded the company to “Hold” from “Buy” citing concern about margins. – Not a lot of fun here, says Tim Seymour.
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Trader disclosure: On Oct. 14, 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); Macke Owns (MSFT), (BNI), (WMT); Seymour Owns (AAPL), (F), (MER); Najarian Owns (AAPL) And (AAPL) Puts; Najarian Owns (GS) And Is Short (GS) Calls; Najarian Owns (INTC) Call Spread; Najarian Owns (MS), Owns (MS) Puts, Is Short (MS) Calls; Najarian Owns (NCC) Calls; Najarian Owns (RF) And Is Short (RF) Calls; Najarian Owns (UNG) And Is Short (UNG) Calls; Finerman Owns (GS); Finerman's Firm Owns (DNA) Call Spreads; Finerman's Firm Owns (MSFT); Finerman's Firm Is Short (SPG), (IJR), (MDY), (SPY), (IWM), (USO), (BBT), (COF) ; Finerman's Firm Owns (JNJ); Finerman's Firm Owns (MRK)
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