MBIA (MBI) popped 18%. The stock moved up on technicals with options activity anticipating the sharp move higher. - I'd wait for a pullback, counsels Pete Najarian.
Greenhill & Co (GHL) popped 4%. Goldman upgraded the broker to ‘neutral’ from ‘sell’ saying it expects increased merger activity and stock sales. - See how it trades at $76, but it's a name I still like, says Guy Adami
Oshkosh Corp (OSK) popped 24%. The truck maker won a contract with the US Army to produce up to 23,000 vehicles. - I'm a buyer, says Steve Cortes.
Guess? (GES) popped 11%. At least one brokerage upgraded the firm and six others raised their price targets after the apparel maker soundly beat Wall Street estimates. - It could go higher still, says Guy Adami.
Jo-Ann Stores (JAS) popped 9%. The fabric and crafts retailer posted first-quarter results that topped market estimates. - I'd move to the sidelines, counsels Joe Terranova.
DROPS (stocks that slid lower)
American Eagle (AEO) dropped 4%. The teen retailer reported a 52% drop in second quarter earnings due to weak sales. - I think they're losing business to Aeropostale, speculates Joe Terranova.
TiVo (TIVO) dropped 3%. The company disappointed investors with a second quarter loss and projected worse than expected third quarter numbers. - I think the big pop came a few weeks back, says Pete Najarian.
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Trader disclosure: On Aug 27th, 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 (AMZN), (MSFT), (FCX), (BTU), (SU), (XOM), (WFT); Terranova Is Short (SHLD), (EES); Terranova Owns (CCL) Puts; Adami Owns (AGU), (C), (GS), (INTC), (BTU), (MSFT), (NUE); Najarian Owns (AAPL) Call Spread; Najarian Owns (BAC); Najarian Owns (BUCY) & Short (BUCY) Calls; Najarian Owns (C) Calls; Najarian Owns (FCX), Is Short (FCX) Calls, Owns (FCX) Puts; Najarian Owns (HGSI) Call Spread; Najarian Owns (JPM) & Short (JPM) Calls; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (PALM) Calls; Najarian Owns (TXT) Calls; Najarian Owns (TEVA); Najarian Owns (V) & Short (V) Calls; Najarian Owns (WFT) Call Spread; Najarian Owns (YHOO) Call Spread; Najarian Owns (XHB) Call Spread; Cortes Owns (SPX), (GS); Cortes Is Short Nasdaq 100; Cortes Is Short (JPM); J. Najarian owns (DELL) Calls ; J. Najarian Owns (AAPL) & Short (AAPL) Calls ; J. Najarian Owns (CHU)