Casey’s General Store (CASY) popped 10%. The company advised shareholders to reject the $38.50/share bid from Alimentation Couche-Tard saying instead it received a higher preliminary proposal from an unnamed third party for $40/share. - I'm not a buyer, says Karen Finerman.
DROPS (stocks that slid lower)
GlaxoSmithKline (GSK) dropped 1%. Regulators in Britain have recommended removing Glaxo's controversial diabetes drug Avandia from the U.K. market over concerns it can aggravate heart problems in certain users. - I'd buy the dip, says Steve Cortes.
Discovery Communications (DISCA) dropped 3%. Caris & Co. downgraded the stock citing strong recent gains. - I like the stock long-term, says Anthony Scaramucci.
Dean Foods (DF) dropped 5%. The milk producer said margins remain under pressure largely from the increased appeal of cheaper store brands. - I'd just stay away, says Guy Adami.
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Trader disclosure: On September 7th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL), (BAC), (INTC), (MON), (POT); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Cortes owns (SFD), (BMO), (TD), (FCX), (BHP); Cortes owns the British Pound; Finerman and Finerman’s firm owns (BAC); Finerman owns (GOOG); Finerman’s firm owns (HPQ); Finerman’s firm owns (IBM); Finerman and Finerman’s firm owns (JPM); Finerman owns (ORCL); Finerman owns (POT) options; Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Finerman’s firm owns Russell 2000 puts
For Anthony Scaramucci
Scaramucci & SkyBridge Capital own (AAPL)
Scaramucci & SkyBridge Capital own (AMZN)
Scaramucci & SkyBridge Capital own (C)
Scaramucci & SkyBridge Capital own S&P 500
Scaramucci & SkyBridge Capital own Gold
For Heather Bellini
ISI does and seeks to do business with (ORCL) and has received non-investment banking compensation in the past 12 months
For Dennis Gartman
Funds managed by Gartman own Gold
For Ed Mills
For Scott Nations