Following are the day’s biggest winners and losers. Find out why shares of American Eagle and Analog Devices popped while Green Mountain Coffee and Vimpel Comm dropped.
POPS (stocks that jumped higher)
American Eagle (AEO) popped 3%. The teen retailer said 3rd quarter earnings surged 39% and sales have started to pick up. - I would stay away, says Guy Adami.
Analog Devices (ADI) popped 6%. The company reported higher-than-expected quarterly sales buoyed by consumer demand and forecast higher profit margins and busier factories by the end of fiscal 2010. - Valuations look fair to me, says Guy Adami, but don't chase it.
DSW (DSW) popped 11%. The shoe seller beat on earnings with its discount boots appealing to bargain-hungry consumers looking to equip themselves for the cold weather. - Everything is working for this company right now, says Pete Najarian.
DROPS (stocks that slid lower)
Green Mountain Coffee (GMCR) dropped 2%. Green Mountain upped its bid for Diedrich in response to Peet's offer yesterday. - It's worth watching, says Pete Najarian.
Vimpel Comm (VIP) dropped 6%. Russia's second largest telecom missed on third quarter profits. - I think VIP is one of the best growth plays in emerging cellulars, says Tim Seymour.
Brocade (BRCD) dropped 9%. Top executives at the firm denied they were looking for a buyer, disappointing investors who sent shares higher on hopes of a buyout. - This really puts cold water on that trade, says Karen Finerman.
Barnes & Noble (BKS) dropped 6%. The bookseller reported a worse than expected second quarter loss and lowered its earnings forecast for the year.
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Trader disclosure: On November 24th, 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); Seymour Owns (AAPL), (BAC), (EEM), (FXI), (INTC), (VIP), (F); Finerman's Firm Owns (AAPL), (PLCE), (MSFT), (NOK), (WMT), (FLS), (PDE), (RIG), (TGT); Finerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (USO), (UNG); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Calls; Finerman Owns (BAC) Preferred, (BAC); Najarian Owns (AAPL) Call Spread; Najarian Owns (BRCD) & (BRCD) Calls; Najarian Owns (CLF) & (CLF) Calls; Najarian Owns (INTC) & Short (INTC) Calls; Najarian Owns (DELL) Calls
Najarian Owns (DE) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (INTC) & (INTC) Calls; Najarian Owns (LAZ) & short (LAZ) Calls; Najarian Owns (BKS) Puts
For Charles Grom
JP Morgan Has Investment Banking Rel. With (M)
JP Morgan Has Investment Banking Rel. With (KSS)
JP Morgan Has Investment Banking Rel. With (JCP)
JP Morgan Has Investment Banking Rel. With (SKS)
JP Morgan Has Investment Banking Rel. With (COST)
JP Morgan Has Investment Banking Rel. With (TGT)
JP Morgan Has Investment Banking Rel. With (WMT)
JP Morgan Owns (SKS)
For Mark Mahaney
Citi Has Received Compensation From (AMZN)
Citi Has Received Compensation From (EBAY)
Citi Has Had (AMZN) As A Client In Past 12 Months
Citi Is A Market Maker In Shares of (AMZN)
Citi Is A Market Maker In Shares of (EBAY)
For Peter Schiff
Schiff Owns Gold