Pops & Drops: Dow Chemical, The Buckle...
Following are the day’s biggest winners and losers. Find out why shares of Dow Chemical and Frontline popped while Pulte Homes and The Buckle dropped.
POPS (stocks that jumped higher)
Dow Chemical (DOW) popped 7%. The chemical name hit a 52-week high after announcing plans to sell its powder coating business helping it pay off its debt. - Tim Seymour doesn't know what to say.
Frontline (FRO) popped 5%. The operator of oil tankers closed higher after a report suggested a refueling port in the United Arab Emirates would ban single hull vessels next year. - Fortunately they have a double hull fleet, chuckles Karen Finerman.
Nasdaq OMX (NDAQ) popped 3%. Susquehanna upgraded the stock to positive from neutral. - The chart looks good, says Tim Seymour. I think it could go a little higher.
Goodyear Tire (GT) popped 2%. The tire maker announced plans to raise tire prices in North America by as much as 6% to recover higher raw materials costs. - Good move for them, says Guy Adami.
DROPS (stocks that slid lower)
Pulte Homes (PHM) dropped 5%. Investors bid this stock higher after strong results from rival Toll earlier in the week. - I don't think there's anything good in the space, muses Guy Adami.
Green Mountain (GMCR) dropped 10%. Although the company posted higher-than-expected quarterly results, shares fell as its first-quarter earnings outlook fell short of expectations. - Profits may be weaker next quarter, explains Pete Najarian.
The Buckle (BKE) dropped 5%. Goldman Sachs initiated coverage of this stock with a 'sell' rating citing limited drivers for EPS growth. - I wouldn't own it, counsels Karen Finerman.
Baxter (BAX) dropped 4%. Demand for one of this company’s drugs appears to be worse than expected.
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Trader disclosure: On November 12th, 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), (BTU), (GS), (INTC), (MSFT), (NUE); Finerman's Firm Owns (CSCO), (MCD), (MSFT), (WMT), (TGT), (M); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm Is Short (USO); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Is Short (XRT), (IJR), (IWM), (MDY), (SPY), (UNG); Najarian Owns (GE) Calls; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (JWN) Calls; Najarian Owns (MCD), Is Short (MCD) Calls; Najarian Owns (QLGC) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (UUP) Calls; Najarian Owns (YHOO), (YHOO) Puts; Symour Owns (AAPL), (BAC), (EEM), (FXI), (POT); Seygem Asset Management Owns (BUD); Najarian owns (TXN), is short (TXN) calls
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