Sunoco (SUN) popped 2%. Investors considered a drop in crude oil stockpiles bullish for this refiner although it’s worth noting they only fell by 1.5 million barrels while expectations were for a 2-million. - If you want to trade this stock I'd make $24.25 your stop out, says Joe Terranova.
Dell (DELL) popped 3%. Speculation suggests next week’s Consumer Electronics Show may be a bullish catalyst for the PC maker. - Also, I think Dell is in the sweet spot for a corporate upgrade cycle, says Brian Kelly.
DROPS (stocks that slid lower)
Aetna (AET) dropped 2%. The company said it expects to take a charge of $60 million to $65 million in the fourth quarter to cover previously announced job cut costs and real estate consolidation. - I prefer to play IBB, reveals Steve Cortes.
Amazon (AMZN) dropped 2%. Investors continued to take profits after the stock touched a 52-week high. - It think we see Amazon trade in a range between $125 and $145 before it breaks higher, muses Joe Terranova.
Microsoft (MSFT) dropped 1%. Investors may be worried Microsoft is moving in the wrong direction, after a published report suggested the firm will concentrate efforts on expanding gaming from its Xbox console to handheld devices.
MGM Mirage (MGM) dropped 2%. Oppenheimer said its positive prospects are already priced in.
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