Freeport McMoRan (FCX) popped 1%. Often traded as a proxy for copper the firm popped as the commodity climbed. – I’d get long this stock too, adds Tim Seymour.
SandRidge Energy (SD) popped 4%. The firm moved higher on speculation that a cold winter will drive up nat gas prices. – Options action suggest that it could have a lot of room to the upside, says Pete Najarian.
Archer-Daniels-Midland (ADM) popped 4%. The world’s largest grain processor moved in the same direction as commodity prices. – This stock was all about China, says Tim Seymour.
DROPS (stocks that slid lower)
Legg Mason (LM) dropped 4%. Asset managers across the board dropped as investor fears continued. – Not a good thing, says Guy Adami.
Google (GOOG) dropped 3%. Barclays lowered its full-year earnings per share estimate for the company. – That’s a problem, says Pete Najarian.
Dell (DELL) dropped 5%. The company decided not to launch its digital music player for the Holiday season. – Guy Adami doesn’t know what to say.
JC Penney (JCP) dropped 10%. Barclays anticipated weak consumer spending in the weeks ahead. I have no idea why anyone would be long this stock, reminds Guy Adami.
Dish Network (DISH) dropped 14%. Third quarter profits missed analysts estimates by 65%. – But revenue per user was higher, says Guy Adami.
Tyson Foods (TSN) dropped 10%. Higher input costs and lower prices hurt its chicken business.
NRG Energy (NRG) dropped 5%. The company rejected Exelon's $6.2 billion takeover offer.
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Trader disclosure: On Nov.10, 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 (SDS), (MCD), (WMT), (BNI), (UUP), (MSFT); Macke Is Short (BBY); Najarian Owns (BBY) Put Spread; Najarian Owns (SBUX) Puts; Najarian Owns (CHK) Call Spread; Seymour Owns (AAPL), (BAC), (F), (MER), (BX); Seygem Asset Management Owns (PTR)