Oracle (ORCL) popped 3%. The company said it was upbeat about the European AntiTrust hearing on its proposed takeover of Sun Microsystems. - It's worth watching, says Guy Adami.
Pall Corp (PLL) popped 9%. The maker of filters for refineries closed higher, largely due to a forecast that beat the Street's views. - A good day for filters, chuckles Karen Finerman.
T. Rowe Price (TROW) popped 3%. Jefferies upgraded this firm to 'buy' from 'hold' while Goldman Sachs upgraded US asset managers to 'attractive' from 'neutral'. - I like Raymond James the best, says Guy Adami.
St. Jude Medical (STJ) popped 3%. Rival heart device maker Edwards Lifesciences Corp. said it expects a sales boost.
DROPS (stocks that slid lower)
Ciena (CIEN) dropped 11%. The maker of fiber optic gear reported a larger than expected quarterly loss. - This may be an opportunity, muses Pete Najarian.
Wells Fargo (WFC) dropped 2%. Investors took down this stock on weaknes in rival Citigroup. - I would think the steeper yield curve is good for them, says a puzzled Tim Seymour.
Smithfield Foods (SFD) dropped 3%. The firm posted a second quarter loss due to weak pricing power.
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Trader disclosure: On December 10th, 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's Firm Owns (MSFT), (WMT), (AAPL), (FLS); Finerman's Firm Is Short (IJR), (IWM), (SPY), (MDY); Finerman's Firm Is Short (UNG); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spread; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (WFC) Preferred; Seymour Owns (AAPL), (EMM), (INTC), (PFE), (TKC), (BAC), (FXI), (GE), (POT); Seymour's Firm Owns (MTL); Najarian Owns (BRCD), ; Najarian Owns (PFE); Najarian Owns (TEVA); Najarian Owns (AAPL) Calls; Najarian Owns (DELL) Calls; Najarian Owns (FCX) CAlls Spread; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (TXN), Is Short (TXN) Calls; Najarian Owns (RIMM) Call Spread
For Steve Cortes
Cortes is Short (XRT)
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