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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Oct.19
5:50 PM ET
Monday, 19 Oct 2009
Pops & Drops: Human Genome, CIT Group...

Following are the day’s biggest winners and losers. Find out why shares of Human Genome and CIT Group popped while BB&T and Weatherford dropped.

POPS (stocks that jumped higher)

Human Genome Sciences (HGSI) popped 5%. The biopharma secured a $75 million milestone payment from Novartis for its Hepatitis C drug Zalbin. - Giddyup, says Pete Najarian.

Eaton Corp (ETN) popped 6%. The company posted a higher-than-expected quarterly profit on Monday, citing cost cuts, early signs of recovery in its markets and a boost from the weak U.S. dollar. - I wouldn't pile in here, says Guy Adami.

CIT Group (CIT) popped 8%. Carl Icahn sent a letter to the firm’s board on Monday offering to underwrite a $6 billion loan to the company. However he also charged that CIT is offering certain large bondholders the opportunity to purchase $6 billion in secured loans at prices well below their fair market value. "This is a bad-faith attempt to buy votes," he wrote. "This is reminiscent of the old Tammany political machine's vote-getting tactics."

IPCS (IPCS) popped 34%. Sprint agreed to acquire the company for $426 million – ending a legal battle between the companies. - That's a big pop, says Pete Najarian.

DROPS (stocks that slid lower)

BB&T (BBT) dropped 4%. The bank missed on earnings with profits falling 57% largely due to a continued rise in delinquent loans. - That's no good, says Karen Finerman.

Mattel (MAT) dropped 2%. Morgan Joseph downgraded the company to ‘hold’ from ‘buy’ as investors worried about inventory levels. - I'd sit on the sidelines, says Joe Terranova.

Weatherford (WFT) dropped 3%. The provider of drilling and oil services equipment said earnings fell 79% due to weak demand.

Callaway Golf (ELY) dropped 5%. The golf equipment retailer predicted a bigger third-quarter loss amid waning consumer spending that has dampened demand for discretionary items.

Pops & Drops
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Trader disclosure: On October 19, 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), (BTU), (GS), (INTC), (MSFT), (NUE); Finerman Owns (AAPL); Finerman's Firm And Finerman Own (RIG), (PDE); Finerman's Firm Owns (MSFT), (NOK), (TJX); Finerman's Firm Owns (BAC) Preferred, (BAC) Call Spread, (BAC); Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm Owns (BBT) Puts; Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm And Finerman Own (WMT); Finerman's Firm Owns (BKS) Puts; Finerman's Firm Is Short (USO), (IJR), (MDY), (SPY), (IWM), (UNG); Najarian Owns (GE) Calls; Najarian Owns (HGSI) Call Spread; Najarian Owns (POT) Call Spread; Najarian Owns (RIMM) Call Spread; Najarian Owns (STX) Call Spread; Najarian Owns (WFT) Call Spread; Najarian Owns (XLF) Call Spread; Najarian Owns (YHOO), Is Short (YHOO) Calls; Najarian Owns (TEX) Call Spread; Terranova Owns (HES), (HOC), (SUN)

GE Is The Parent Company Of CNBC
NBC Universal Is The Parent Company Of CNBC

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (CAL)
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of  (DLR)
Virtus Investment Partners Owns More Than 1% Of  (EXR)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of  (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (DBA)
Virtus Investment Partners Owns More Than 1% Of  (DBV)
Virtus Investment Partners Owns More Than 1% Of  (UA)

For Jeffrey Bernstein
Accounts Over Which Bernstein And/Or Affiliates Exercise Investment Discretion Own More Than 1% Of (AMZN), (GOOG)
Bernstein Is A Market Maker In (AMZN), (EBAY), (GOOG), (YHOO)

For Whitney Tilson
Funds Managed By Tilson Own Berkshire Hathaway
Funds Managd By Tilson Own (MSFT)
Funds Managed By Tilson Own (PFE)

© 2009 CNBC.com

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