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Pops & Drops: SanDisk, Northern Trust...

Wednesday, 21 Oct 2009 | 5:53 PM ET

Following are the day’s biggest winners and losers. Find out why shares of SanDisk and the Brazil ETF popped while Northern Trust and Altria dropped.

POPS (stocks that jumped higher)

SanDisk (SNDK) popped 10%. The flash memory maker posted much better-than-expected sales and profit on strong demand in the mobile phone market. - Giddyup, exclaims Pete Najarian.

Stock Pops & Drops
The Fast Money traders take a look at todayâ??s biggest market movers.

Brazil ETF (EWZ) popped 2%. Investors apparently believe the sell-off triggered by new taxes on foreign investments was overdone. - There was also chatter Brazil may back away from the tax, explains Tim Seymour.

St. Jude Medical (STJ) popped 3%. Although the company reported lower quarterly earnings, investors instead focused on the company’s higher sales as well as comments that suggested long- term goals remained intact.

Cree (CREE) popped 12%. The LED lighting manufacturer posted quarterly earnings and revenue well above Wall Street expectations and forecast strong results going forward.

Tupperware (TUP) popped 8%. The container maker reported better-than-expected earnings largely due to cost cuts and strength in emerging markets; they also raised full-year outlook.

DROPS (stocks that slid lower)

Northern Trust (NTRS) dropped 6%. Although the firm swung to a profit in the third quarter the results fell short of analysts' expectations. - I think this stock goes lower, speculates Guy Adami.

Altria (MO) dropped 3%. The company posted lower-than-expected quarterly sales due to increased prices related to a federal cigarette tax increase and because customers cut inventories. - I'm a buyer above $18.72, says Joe Terranova.

Continental Airlines (CAL) dropped 13%. Although this airline turned a profit, it also said going forward fares will likely remain challenged.




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Trader disclosure: On October 21st, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Seymour Owns (DIG), (MSFT), (AAPL), (BAC), (EWZ), (INTC); Najarian Owns (DE) Call Spread; Najarian Owns (STX) Call Spread; Najarian Owns (XLF) Call Spread; Najarian Owns (YHOO), (YHOO) Puts; Terranova Owns December Crude Oil Futures

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 Peter Schiff
Schiff Owns Yen & Foreign Currencies
Schiff Owns Gold

For Moshe Orenbuch
(AXP), (COF), (DFS), (MA), (JPM), (C), (BAC) Is Or In Past 12 Months Was A Client Of Credit Suisse
Credit Suisse Provided Investment Banking Services To (AXP), (COF), (DFS), (MA), (JPM), (C), (BAC) In Past 12 Months
Credit Suisse Provided Non-Investment Banking Services To (AXP), (COF), (DFS), (JPM), (C), (BAC) In Past 12 Months
Credit Suisse Has Managed Or Co-Managed A Public Offering Of Securities For (AXP), (COF), (DFS), (JPM), (C), (BAC) In Past 12 Months
Credit Suisse Expects To Receive/Seek Investment Banking Compensation From (AXP), (COF), (DFS), (V), (MA), (JPM), (C), (BAC) In Next 3 Months
Credit Suisse Has Received Non-Investment Banking Compensation From (AXP), (COF), (DFS), (JPM), (C), (BAC) In Past 12 Months
Credit Suisse Is A Market Maker In (MA)
Credit Suisse Owned 1% Or More Of (V) As Of End Of Last Month

For Jim Cramer
Cramer's Charitable Trust Owns (V)
Cramer's Charitable Trust Owns (WFC)
Cramer's Charitable Trust Owns (PPG)
Cramer's Charitable Trust Owns (CVX)

  Price   Change %Change
CPT
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MO
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NTRS
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TUP
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CREE
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STJ
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SNDK
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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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