Pops & Drops: Abercrombie & Fitch, Nucor...
Following are the day’s biggest winners and losers. Find out why shares of Abercrombie & Fitch and Nucor popped while Tivo and Micron dropped.
POPS (stocks that jumped higher)
Abercrombie & Fitch (ANF) popped 3%. Investors made bullish bets on this teen retailer ahead of Black Friday. - I think it's rich, says Guy Adami.
Nucor (NUE) popped 3%. Better than expected economic data sent this and other steel makers off to the races. - I'd sell it against $45, says Joe Terranova. It's rallied into that resistance level. Hot rolled steel prices are down.
Honda (HMC) popped 5%. At an average of 23.6 mpg the EPA said this company had the most fuel efficient fleet in the U.S. - Also, they got an important analyst upgrade in Japan and new data shows they're growing in China, adds Tim Seymour.
Nvidia (NVDA) popped 1%. The company won a patent dispute with rival Rambus. - If you must trade it, I'd enter it around $12, says Steve Grasso.
Bank Of Ireland (IRE) popped 3%. The bank said it doesn't plan on seeking more funds from the government. - Good for them, says Tim Seymour.
DROPS (stocks that slid lower)
Tivo (TIVO) dropped 7%. Although the company posted a loss that matched expectations, the company’s revenue forecasts came in below Wall Street targets. - I'd stay away, says Steve Grasso. But if you must trade it $10 looks like support and $12 looks like resistance.
Micron (MU) dropped 1%. UBS removed this company from its 'short term buy' list. - There are better names in the space, says Guy Adami.
Halliburton (HAL) dropped 1%. The company said a reduction in its Mexico operations will hurt fourth quarter earnings. - I'd rather be in integrated names, says Joe Terranova.
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Trader disclosure: On Nov. 25th, 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); Terranova Owns (SU), (GOOG), (AAPL); Terranova Owns (UNG) April 2010 Calls; Terranova Owns Gold Futures; Terranova Owns Nat Gas Futures; Grasso Owns (AAPL), (BA), (BAC), (C), (COST), (PFE), (V), (WMT)
For Steve Grasso
Stuart Frankel Owns (NYX)
Stuart Frankel Owns (SDS)
Stuart Frankel Owns (TBT)
Stuart Frankel Owns (PDE)
Stuart Frankel Is Short (QQQQ)
For Dan Binder
Jefferies Has Received Compensation From (BJ)
Jefferies Makes A Market in (COST)
Jefferies Has Received Compensation From (LOW)
Jefferies Makes A Market In (SPLS)
Jefferies Has Received Compensation From (USTR)