Nucor (NUE) popped 2%. The steelmaker said it expects a narrower second-quarter loss because orders appear to be picking up. - They've also cut back on production and inventories are being worked down, explains Joe Terranova.
Hartford Financial (HIG) popped 4%. S&P raised its rating outlook on the firm to stable from negative.
Sina (SINA) popped 4%. Goldman added the company to its Conviction Buy List, citing prospects for growth in 2010.
DROPS (stocks that slid lower)
Macy’s (M) dropped 6%. Investors turned a cold shoulder to this and other retailers after Best Buy said profits fell 15% in the first quarter. - I don't think people have the money to go shopping, speculates Brian Kelly.
Rio Tinto (RTP) dropped 5%. The miner said it expects weak commodity markets to continue to hit its bottom line. - They're also cutting deals to sell assets, reminds Tim Seymour.
Genzyme (GENZ) dropped 5%. The firm halted production of two top-selling drugs after discovering contamination at a plant in Boston.
Ford (F) dropped 4%. Investors took profits after Chairman Bill Ford said there were "some early signs" that U.S. auto industry sales were stabilizing, though at very low levels.
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Trader disclosure: On June 16th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova Owns (TER); (SDS); (ABT);Terranova Owns (RIMM) & Short (RIMM) Calls; Terranova Is Short (RIG); Terranova Owns (BRCM) & Short (BRCM) Calls; Terranova Owns (MS) & Short (MS) Calls; Terranova Is Short (FCX); Terranova Owns (GENZ) & Short (GENZ) Calls; Terranova Owns (HES) & Short (HES) Calls; Terranova Is Short (XOM) Call Spread; Terranova Owns (DIS) Call Spread; Terranova Owns (X) & Short (X) Calls; Terranova Owns (JPM) & Short (JPM) Calls; Terranova Owns (BTU) & Short (BTU) Calls; Terranova Is Short August Gold Futures; Terranova Owns (POT) & Short (POT) Calls; Terranova Is Short Septmeber Oil Futures; Terranova Owns December Oil Futures; Terranova Owns August Nat Gas Futures; Terranova Owns (IBM) & Short (IBM) Calls; Terranova Is Short (OIH) & (OIH) Calls; Najarian Owns (BX) Call Spread; Najarian Owns (F) & Short (F) Calls; Najarian Owns (FCX) Calls & Put Spread; Najarian Owns (GE) Calls; Najarian Owns (INTC) Call Spread; Najarian Owns (MOS) Put Spread; Najarian Owns (PALM) Calls; Najarian Owns (WNR); Najarian Owns (JPM) & Short (JPM) Calls; Najarian Owns (RIMM) Call Spread; Najaria Owns (LEA) Calls; Kelly Owns (UUP), (TLT), (AN), (UGA), (AMZN), (BBY), (DSX), (LOW), (PAL); Kelly Is Short (FXS); Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (FCX), (FITB), (TTM); Seymour's Firm Owns (NOK)