Lowe’s (LOW) popped 2%. Despite a cautious earnings outlook, FBR upgraded the company to ‘outperform’ from ‘market perform’. - I like HD much better, says Joe Terranova.
AIG (AIG) popped 1%. The gains stem from a belief the government will relax the terms of its bailout. - If you want volatility this is the place to go, says Pete Najarian.
DROPS (stocks that slid lower)
US Airways (LCC) dropped 14%. The airline said it planned to sell 26.3 million shares to the public. - That pressures the stock, says Pete Najarian.
Moody’s (MCO) dropped 8%. A former analyst at the company accused them of issuing inflated ratings and will testify before the House Cmte on Oversight & Govt. Reform. - It seems like the bad news keeps piling on, muses Karen Finerman.
Walter Energy (WLT) dropped 8%. FBR downgraded the firm to ‘market perform’ from ‘outperform’ citing valuation and near-term pricing risk. - I wouldn't fight it, says Tim Seymour.
Autozone (AZO) dropped 7%. Fourth quarter earnings missed estimates, but the company did see a rise in same store sales. - With people trading in clunkers for new cars, this company loses the do-it-yourself crowd, says Karen Finerman
Massey Energy (MEE) dropped 8%. Macquarie cut the company to ‘neutral’ from ‘outperform’ citing slower demand from China. - The stock was overbought, muses Tim Seymour.
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Trader disclosure: On Sept. 23rd, 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 (F); Terranova Owns (F) Calls And (F) Puts; Terranova Works For (VRTS); Najarian Owns (ACI) Call Spread; Najarian Owns (C) Calls; Najarian Owns (DELL) Call Spread; Najarian Owns (ERTS) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (JPM) And Is 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 (ORCL); Najarian Owns (TEVA); Najarian Owns (V) And (V) Calls; Najarian Owns (WFC) Put Spread; Najarian Owns (YHOO) Call Spread; Finerman's Firm Owns (MSFT), (NOK), (PBR), (WMT), (RIG), (TGT), (BDX); Finerman's Firm Owns (BAC) Preferred Shares, Finerman Owns (BAC) Preferred Shares And Owns (BAC); Finerman Owns (RIG); Finerman's Firm Owns (WFC) Preferred Shares And Is Short (WFC); Finerman Owns (WFC) Preferred Shares; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Seymour Owns (AAPL), (BAC), (RIG), (SBUX), (FXI), (F), (TTM)
For Jim Suva
Citigroup Owns (PALM)
Citigroup Has Received Compensation From (PALM)
Citigroup Is A Market Market In Securities of (PALM)
Citigroup Is A Market Market In Securities of (RIMM)
For Dennis Gartman
Gartman Owns Gold