Following are the week's biggest winners and losers. Find out why shares of Motorola and Sony popped while Las Vegas Sands and ArcelorMittal dropped.
POPS (stocks that jumped higher)
Motorola (MOT) popped 4%. Investors are growing hopeful that the company’s new Droid phone, which debuts on November 6th, may be a serious player in the smartphone space. - I'm not sure if there's a trade, says Joe Terranova. I'd wait to hear more about the Droid.
O’Reilly Automotive (ORLY) popped 6%. The auto parts retailer reported profits that beat analysts estimates and raised its 2009 view. - Nice pop, says Karen Finerman.
Sony (SNE) popped 1%. The firm raised its full year outlook which investors took as a signal the worst may be over for the electronics maker. - With the yen appreciating, I see problems for Japan exporters, says Tim Seymour.
Visa (V) popped 3%. The firm reported strong earnings due to cost cutting and more transactions; also they announced a $1 billion stock buyback. - I like this stock, says Karen Finerman.
DROPS (stocks that slid lower)
Las Vegas Sands (LVS) dropped 8%. The casino issued a wider than expected loss, though Chief Executive Sheldon Adelson did provided a somewhat upbeat outlook for 2010. - At $15 it's in no-mans land, says Guy Adami.
ArcelorMittal (MT) dropped 11%. The steel maker dampened recovery expectations on Wednesday with a muted forecast for the final three months of 2009. - I think you can start to buy steel stocks here, says Tim Seymour.
Apollo Group (APOL) dropped 23%. The SEC announced an investigation into its revenue recognition practices. - SEC probes are never good, says Guy Adami.
Valero Energy (VLO) dropped 12%. The oil refiner reported a third quarter loss on lower margins and demand. - Most refiners have been rallying, explains Joe Terranova. I'd stay away from this one.
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Trader disclosure: On Oct. 30th, 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), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman Owns Puts (BAC); Finerman Owns (PDE), (FLS), (RIG), (WMT); Finerman's Firm Owns (MSFT), (NOK), (PDE), (RIG) (TGT), (WMT); Finerman's Firm Is Long Puts (AMZN); Finerman's Firm Is Long Puts (BAC); Finerman's Firm Is Long Call Spreads (BAC); Finerman's Firm Is Long (FLS); Finerman's Firm Is Short Calls (FLS); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (UNG), (USO, Terranova Owns(GS); Seymour Is Short Puts (AA); Seymour Is Long Puts (BAC); Seymour Is Long Puts (BX); Seymour Is Long Puts (EEM); Seymour Is Long Puts (F); Seymour Is Short Puts (FXI); Seymour Is Long Puts (LVS); Seymour Is Long Puts (MSFT); Seymour Is Short F (PBR); Seymour Is Long Puts (SBUX)