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

Published: Tuesday, 3 Nov 2009 | 5:37 PM ET

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Investors are eyeing Rockwell Collins

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Quote  |  Chart  |  News  |  Profile

[COL  Loading...      ()   ] for a trade after the firm posted lower-than-expected results on Tuesday and shares sold off.

Net income fell 26 percent to $134 million, or 84 cents a share, for the fiscal fourth quarter that ended Sept. 30, compared with $182 million, or $1.13 a share, a year earlier.

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Analysts expected 87 cents a share, according to Thomson Reuters I/B/E/S.

Rockwell Collins has suffered this year as weak air travel led to production cuts for planes and business jets.

Going forward, however, things may be looking up. "We do believe that the first quarter will be the low-water mark for our business, and we should post sequential growth over the course of 2010," says Chief Executive Clay Jones.

So how should you trade this stock? Don’t make a move until you see our interview with CEO Clay Jones. Watch the video now!

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Trader disclosure: On November 3rd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Finerman's Firm Owns (BCR): Finerman Is Long (BAC) Calls: Finerman's Firm Is Long (BAC) Call Spreads: Finerman's Firm Owns (BAC) Preferred: Finerman's Firm Owns (FLS); Finerman's Firm Is Short (FLS)Calls; Finerman's Firm Owns (MSFT); Finerman's Firm Owns(NOK); Finerman's Firm Owns (PBR); Finerman's Firm Owns (PDE); Finerman Owns (PDE); Finerman's Firm Owns (RIG); Finerman Owns (RIG); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Is Long (TGT); Finerman's Firm Is Long (WMT); Finerman's Firm Is Short (IJR); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (UNG); Finerman's Firm Is Short (USO); Seymour Owns (AA); Seymour Owns (AAPL); Seymour Owns (BAC); Seymour Owns (EEM); Seymour Owns (SBUX); Seymour Owns (F); Seymour Is Short (FXI); Seymour Owns (POT); Terranova Owns (GS); Terranova Owns (RIMM; Terranova Owns Dec. Gold Futures; Najarian Owns (HGSI) Call Spread; Najarian Owns (INTC) & Short (INTC) Calls; Najarian Owns (LAZ) & Short (LAZ) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (TEVA) & (TEVA) Call Spread; Najarian Owns (WFR) Calls; Najarian Owns (YHOO) & (YHOO) Puts

For Cliff Gallant
Gallant Owns Shares of (BRK.A)
KBW expects to Receive Compensation From (BRK.A)

For Pete Schiff
Schiff is Short the Dollar
Schiff Owns Gold

For Whitney Tilson
Funds Managed By Whitney Tilson Are Long (BRK.a) & (BRK.b)

CNBC.com with wires

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