Dendreon (DNDN) popped 10%. The drugmaker moved higher ahead of data on its prostate cancer drug, Provenge. – I think they get approval faster than expected, speculates Tim Seymour.
General Motors (GM) popped 8%. The largest US automaker said its sales in Brazil were up over 45%. – I think this stock is heading much lower, says Jeff Macke.
UAL Corp (UAUA) popped 11%. The airline moved higher as oil moved lower.
Coventry Health Care (CVH) popped 7%. The insurer reversed its Friday losses which were sparked by S&P’s negative outlook on the company’s credit rating.
DROPS (stocks that slid lower)
Rio Tinto (RTP) dropped 11%. The world’s third-largest mining company fell under pressure of share sale speculation. – There’s concern that the firm could do a new rights offering, explains Tim Seymour.
The Gap (GPS) dropped 5%. The retailer dropped ahead of same-store sales Thursday. – I think there’s only one retailer worth owning and that’s Wal-Mart, says Jeff Macke.
Agrium (AGU) dropped 2%. The ag company filed a proxy with the SEC and urged rival CF shareholders to withhold votes over new board nominees. – I think there’s a great long term story here, says Zach Karabell.
Cisco Systems (CSCO) dropped 3%. Goldman downgraded the stock to “neutral” from “buy,” saying growth prospects are already factored in. – They have 29 billion in cash and they love to acquire companies, reminds Joe Terranova.
Eastman Kodak (EK) dropped 6%. Investors weren’t impressed by the company’s move to amend a credit agreement that will give the firm more financial flexibility. – They’re not doing too well, explains Zach Karabell.
American Express (AXP) dropped 1%. Barclays cut the company’s 2009 earnings estimate due to fears that unemployment may increase more than previously forecast.
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Trader disclosure: On Apr. 6th, 2009, 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 (WFC), (AAPL), (SDS), (GS), (MOS), (WMT); Seymour Owns (AAPL), (BAC), (EEM), (FCX), (FXI), (F), (MSFT); Terranova Owns (KCE), (AMGN), (IBM), (HESS), (BRCM), (DIS), (DELL), (JPM), (INTC), (X), (JOYG), (WYNN); Terranova owns (COP) Calls; Terranova Owns (POT) & (POT) Calls; Terranova owns (XOM) & (XOM) Calls; Karabell Owns (AAPL), (CSCO), (FCX), (FXI), (GOOG), (JPM), (NOK), (NVDA)