Fast Money: Rapid Recap - The first and only official show synopsis

Published: Thursday, 29 Oct 2009 | 6:10 PM ET

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Following are the day's biggest winners and losers. Find out why shares of  American Express, Symantec and Kellog popped while First Solar dropped.

POPS (stocks that jumped higher)

Symantec (SYMC) popped 13%. The security-software maker soared Thursday after second quarter profits surged 19%, also after they announced a $1 billion stock buy back. - Wait a couple of days for the upgrade cycle to come from investment banks before you make your trade, counsels Joe Terranova.

Kellog (K) popped 3%. The cereal maker moved higher after beating on third quarter profits due to cost cuts and lower commodity prices, also they increased their earnings outlook. -  I still think it's a buy here, says Steve Grasso.

Arcelormittal (MT) popped 5%. The steel name came back strong Thursday after selling off on Wednesday. - I think you have more room in this stock, says Tim Seymour.

America Express (AXP) popped 5%. The credit card name went higher as GDP showed the consumer came back in the third quarter. - Nice pop, says Karen Finerman.

S&P Homebuilders ETF (XHB) popped 3%. Homebuilders also went higher on GDP data, and as the first time home buyer credit got an extension. - In this space I like Home Depot and DR Horton better than the ETF, says Joe Terranova.

Emerging Markets ETF (EEM) popped 4%. The ETF that tracks emerging markets moved higher as commodities rallied. - Brazil and Russia sold off most Wednesday and they were up the most Thursday, explains Tim Seymour.

Oil Service ETF (OIH) popped 3%. Oilfield service stocks bounced higher as crude oil continued its climb. - It's a volatile sector, but in the space I still like RIG and Pride International, says Karen Finerman.

DROPS (Stocks that slid lower)

First Solar (FSLR) dropped 17%. The solar name was down in the after hours Wednesday after reporting margins fell due to lower prices. - With a climate conference coming I think investors will give solar names a second look, speculates Steve Grasso.

Merck (MRK) dropped 2%. The pharmaceutical company was the only decliner on the Dow today. Traders apparently turned bearish after hearing regulators approved their takeover of rival Schering-Plough on the condition that each company sell some assets.

Getty Images Joel Waul Aims For Guiness Book Of World Records With Rubber Band Ball

POP (culture): World's largest rubber band ball
Florida resident Joel Waul has been hard at work over the last six years creating the world’s largest rubber band ball. At 25 feet in diameter, six-and-a-half-feet tall, and weighing more than 9,000 pounds, the ball will soon be on display at a Ripley’s Believe It or Not.

POPS & DROPS

symc

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k

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mt

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axp

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xhb

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eem

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oih

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fslr

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mrk

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Trader disclosure: On October 29th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (AA), (BAC), (BX), (EEM), (MYL), (INTC), (MSFT), (VALE); Seymour Is Short (FXI); Grasso Owns (AAPL), (ABK), (BA), (C), (COST), (PFE), (WMT), (FAZ); Terranova Owns (IBM), (QCOM), (GS); Finerman Owns (BAC), (PDE), (TGT), (WMT); Finerman's Firm Owns (PDE), (FLS), (RIG), (TBT), (YUM); Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO), (UNG), (TLT); Jon Najarian Owns (INTC) Calls, Jon Najarian Owns (AMD) Calls

For Steve Grasso
Stuart Frankel Owns (MSFT)
Stuart Frankel Owns (PFE)
Stuart Franked Owns (SDS)

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