Freeport-McMoRan (FCX) dropped 6%. JP Morgan reduced its EPS estimate for the company, a day after downgrading the company to "neutral" from "overweight". – This stock is just not working right now, says Guy Adami.
Capital One (COF) dropped 9%. Stifel Nicolaus reduced its estimates for the company citing macro pressures. – I’m short, reminds Karen Finerman.
Royal Caribbean (RCL) dropped 17%. The world's second biggest cruise operator said it will stop paying a quarterly dividend in order to save cash. – No good, says Jeff Macke.
First Solar (FSLR) dropped 9%. Investors fear that oil at $54 a barrel will reduce interest in alternative energy. – The troubles are across the sector, adds Pete Najarian.
Alcoa (AA) dropped 14%. JP Morgan cut its 2009 earnings estimate for the company. – Not good, muses Guy Adami.
Sunoco (SUN) dropped 12%. Deutsche downgraded to the stock to “sell” from “hold,” citing crude’s price decline. – I own this stock and I stayed at the party at least one day too long, says Karen Finerman with a sigh.
Lay-Z-Boy (LZB) dropped 36%. The company withdrew its full-year earnings forecast and cut the quarterly dividend in half.
Jack In The Box (JBX) dropped 11%. The fast food chain reported a lackluster fourth-quarter and disappointing outlook for the start of the next fiscal year.
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Trader disclosure: On Nov.19, 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), (UUP), (DIS), (MCD), (WMT), (MSFT); Macke Is Short (YHOO), (TM); Najarian Owns (IYR) Puts; Najarian Owns (MER) Put Spread; Najarian Owns (CVX) Put Spread; Finerman's Firm Owns (OIH) Puts; Finerman's Firm Owns (MSFT), (SUN); Finerman's Firm Is Short (USO), (IYR), (IJR), (MDY), (SPY), (IWM), (RTH), (BBT), (VNO), (COF), (IYR)
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