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)