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POPS (stocks that jumped higher)
Palm (PALM) popped 10%. The firm moved higher ahead of the highly-anticipated release of the new Pre smartphone. - I think it's okay to own ahead of the release on June 6th, counsels Guy Adami.
J.C. Penney (JCP) popped 6%. Investors bet this department store stands to benefit from consumer confidence touching an 8-month high. - I like retail but not at this price, says Karen Finerman.
Joy Global (JOYG) popped 11%. A Keybanc analyst upgraded the company to ‘buy’, citing higher commodity prices. - Looks good to me, counsels Tim Seymour.
JPMorgan Chase (JPM) popped 6%. New accounting rules may help the bank profit from bad loans it absorbed when it acquired Washington Mutual. - I would be a seller, counsels Guy Adami. It's been stuck in a range and now it's in the upper part of that range.
Qwest (Q) popped 7%. JPMorgan upgraded the firm to ‘overweight’ from ‘neutral’ citing strong revenue trends and valuation. - Not interested, says Karen Finerman
Petrobras (PBR) popped 3%. Goldman added this stock to its prestigious “Conviction Buy” list. - I like this name, says Tim Seymour.
Zions Bancorp (ZION) popped 14%. Morgan Stanley upgraded this lender to ‘overweight’ from ‘equalweight’ due to valuation and good growth opportunities. - I can't get my arms around the regional banks, says Joe Terranova.
DROPS (stocks that slid lower)
Barrick Gold (ABX) dropped 3%. The miner traded in tandem with the spot price of gold – lower. - I would not buy this stock as a proxy for gold, counsels Joe Terranova.
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- Halftime Report: Market Flirting With Resistance
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Trader disclosure: On May 26th, 2009, 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), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (ABT), (GENZ), (TER), (XBI), (JOYG), (IBM), (BRCM); Terranova Owns July Nat Gas Futures; Terranova Owns July Crude Futures; Terranova Owns June Gold Futures; Terranova Is Short (XOM) Call Spread ; Terranova Owns (DIS) Call Spread; Finerman Owns (RIG), (TBT); Finerman's Firm Owns (TBT), (CSCO), (PBR), (RIG), (CSCO), (NOK); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Is Short (BAC); Finerman's Firm Is Short (WFC); Finerman's Firm Own 30-Year Treasury Puts; Seymour Owns (APPL), (BAC), (BX), (INFY), (F), (FXI), (EEM), (TTM), (CAT)




