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Pops & Drops: National Oilwell, Royal Caribbean

Following are moves you might have missed. Find out why shares of National Oilwell and Royal Caribbean popped while Sherwin Williams and Lexmarkdropped.

POPS (stocks that jumped higher)

National Oilwell Varco (NOV) popped 8%. The company posted better-than-expected quarterly profit citing strong North American shale drilling. - I'd keep an eye on this one, says Joe Terranova.

Royal Caribbean (RCL) popped 14%. Cost controls and a modest consumer recovery helped the cruise line post a higher-than-expected quarterly profit. - I think the space stays hot, says Patty Edwards.

DROPS (stocks that slid lower)

ARM Holdings (ARMH) dropped 5%. Strong results and a bullish tone from this chip designer were drowned out by a warning of faltering consumer demand from a key customer. - A lot of good news was priced in, says Tim Seymour.

Sherwin Williams (SHW) dropped 4%. Third-quarter profit missed market estimates as persistently high raw material costs weighed on margins; in turn that prompted the paint maker to forecast weak quarter ahead and cut its full-year earnings outlook. - It feels like it wants to trade down to $69, says Guy Adami.

Lexmark (LXK) dropped 20%. The company missed expectations due to weak sales in Europe; also the firm gave a tepid revenue forecast. - I think the sell-off was a little over done, says Brian Kelly.




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Trader disclosure: On October 26th, 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), (GOOG), (F), (HPQ), (NOK), (POT), (TM); Seygem Asset Management is short (MT); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Terranova owns (APA), (AAPL), (AXP), (C), (GOOG), (GS), (IBM), (ISRG), (MCD), (MDT), (MMM), (NKE), (ORCL), (OXY), (PCP), (PEP), (PFE), (UPL), (VRTS), (XBI)

For Brian Kelly
Accounts managed by Kanundrum Capital own (JEF)
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 (PPLT)
Accounts managed by Kanundrum Capital own (REE)
Accounts managed by Kanundrum Capital own (MCP)
Accounts managed by Kanundrum Capital own (POT)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own (JO)
Accounts managed by Kanundrum Capital own (JJG)
Accounts managed by Kanundrum Capital own (SGG)
Accounts managed by Kanundrum Capital own (NIB)
Accounts managed by Kanundrum Capital own (TIP)

For Patty Edwards
Edwards owns (AAPL) for clients
Edwards owns (AXP) for clients
Edwards owns (BRCM) for clients
Edwards owns (F) for clients
Edwards owns (GOOG) for clients
Edwards owns (GS) for clients
Edwards owns (HPQ) for clients
Edwards owns (JPM) for clients
Edwards owns (MA) for clients
Edwards owns (MS) for clients
Edwards owns (V) for clients


For Joe Terranova:
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners own more than 1% of (ABAX)
Virtus Investment Partners own more than 1% of (ALK)
Virtus Investment Partners own more than 1% of (AMKR)
Virtus Investment Partners own more than 1% of (CASS)
Virtus Investment Partners own more than 1% of (CSVI)
Virtus Investment Partners own more than 1% of (IGE)
Virtus Investment Partners own more than 1% of (LDR)
Virtus Investment Partners own more than 1% of (LPHI)
Virtus Investment Partners own more than 1% of (MGRC)
Virtus Investment Partners own more than 1% of (NRCI)
Virtus Investment Partners own more than 1% of (DBV)
Virtus Investment Partners own more than 1% of (XLB)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLF)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (YDNT)
Virtus Investment Partners own more than 1% of (DRYS)

For Colin Langan
(F) has been an investment banking client of UBS within the past 12 months
(F) has been a non-investment banking client of UBS within the past 12 months
(F) has been a non-securities client of UBS within the past 12 months
UBS has received compensation from (F) within the past 12 months

For Janet Bashear
Bernstein own more than 1% of the outstanding common stock of (H), (HOT)
(MAR) has been a client of Bernstein during the past 12 months
Bernstein has received compensation from (HOT) for investment banking services
In the next three (3) months, Bernstein or an affiliate expects to receive or intends to seek compensation for investment banking services from H / Hyatt Hotels Corp, HOT / Starwood Hotels & Resorts Worldwide Inc, MAR / Marriott International Inc.

For Scott Nations
***No Disclosures***

For Andrew Busch
***No Disclosures***

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