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Pops & Drops: Boston Scientific, Delta, BlackRock and More

Wednesday, 20 Oct 2010 | 5:50 PM ET

Stocks made a comeback Wednesday, as a fall in the US dollar spurred buying and strong corporate earnings added to gains.

The Dow gained 129 points, or 1.2 percent and the S&P rose by 12 points, or 1 percent. Here are some market moving stocks that caught the traders' attention in trading Wednesday:

POPS (stocks that pushed higher)

Boston Scientific (BSX) popped 6%: Shares of the medical device maker rose as quarterly profits exceeded expectations. While earnings were as not bad as some expected, Metropolitan Capital Advisors president Karen Finermandoesn't love the stock.

Stock Pops & Drops
The Fast Money traders take a look at today's biggest market movers.

Delta Air Lines (DAL) popped 11%: This airline's stock soared after beating analysts' predictions for earnings per share by almost 15 cents. If you're in DAL, Kanundrum Capital's Brian Kellyrecommends taking profits. Then, put that money toward a second derivative play, like Marriott International .

USG (USG) popped 2%: Building products company's stock lifted after reporting third-quarter net sales of $758 million. Patty Edwards, chief investment officer at Trutina Financial, said the company basically said sales hadn't gotten worse. She said that's not a reason she'd buy.

Strayer Education (STRA) popped 2%: An analyst at Morgan Stanley upgraded the education company to 'equal weight.'

United Rentals (URI) popped 10%: The equipment rental company's stock beat earnings expectations by 15 cents per share.

DROPS (stocks that moved lower)

Tupperware Brands (TUP) dropped 6%: Despite record profits, the kitchen storage manufacturer's stock took a dip because third-quarter sales managed to underwhelm investors. Veracruz founder Steve Cortes likes this stock because it's possibly looking to raise its dividend. He also thinks that in periods of economic hardship, people will eat at home more often and they'll need Tupperware to store their food.

RC2 (RCRC) dropped 12%: This stock dropped after third-quarter profits came in approximately 10 cents below analysts expectations for the children's toy designer. Guy Adami, managing partner of Drakon Capital, would stay away from this stock, even at current levels.

BlackRock (BLK) dropped 3%: The investment management firm did not post high enough net income for the third-quarter to appease the Street. Finerman likes this stock right now.

Comerica (CMA) dropped 7%: Shares of this Dallas-based company took a hit after earnings came in below analysts' earnings per share estimates.

Cree (CREE) dropped 6%: After the semiconductor developer reported September revenue below consensus expectations, it's stock fell. The company cited problems in Europe and China.


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Trader disclosure: On Oct. 20, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Cortes is short crude oil; Cortes is short gold; Cortes is short (BIDU); Cortes is short (RSX); Cortes owns U.S. Treasuries; Cortes owns the S&P 500; Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Jon Najarian owns (AAPL) calls; Jon Najarian owns (BA) calls; Jon Najarian owns (GS) calls; Jon Najarian owns (NFLX) calls; Jon Najarian owns (PAAS) puts; Finerman owns (AAPL); Finerman and Finerman’s firm owns (BAC); Finerman and Finerman’s firm owns (JPM); Finerman and Finerman’s firm owns (GOOG); Finerman’s firm owns (IBM); Finerman’s firm owns (HPQ); Finerman’s firm owns (MSFT); 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 Brian Kelly:
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (SLV)
Accounts managed by Kanundrum Capital own (SGG)
Accounts managed by Kanundrum Capital own (POT)
Accounts managed by Kanundrum Capital own (JJG)
Accounts managed by Kanundrum Capital own (JO)
Accounts managed by Kanundrum Capital own (UUP)
Accounts managed by Kanundrum Capital own (REE)
Accounts managed by Kanundrum Capital own (MCP)
Accounts managed by Kanundrum Capital own (JEF)
Accounts managed by Kanundrum Capital own (TIP)
Accounts managed by Kanundrum Capital own the Swiss Franc
Accounts managed by Kanundrum Capital are short the UK Pound
Accounts managed by Kanundrum Capital are short the Mexican Peso

For Patty Edwards
Edwards owns (AAPL) for clients
Edwards owns (BA) for clients
Edwards owns (EBAY) for clients
Edwards owns (FCX) for clients
Edwards owns (GS) for clients
Edwards owns (JPM) for clients
Edwards owns (MAT) for clients
Edwards owns (USB) for clients

For Eric Jackson
***No Disclosures***

For Peter Misek
Jefferies makes a market in (AAPL)

For Charles Biderman
***No Disclosures***

For Stephen Weiss
***No Disclosures***

For Mike Khouw
***No Disclosures***

  Price   Change %Change
MAR
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CREE
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CMA
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BLK
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TUP
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URI
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STRA
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USG
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DAL
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BSX
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