TRW Automotive (TRW) dropped 6%. The company said its management as well as its largest investor planned to sell about 10 million shares of stock. - I like the stock long-term but short-term I think there's more room on the downside, says Guy Adami
Perfect World (PWRD) dropped 17%. The online video game operator's fourth-quarter sales forecast disappointed investors. - It's not an expensive company; I'd pick my spots, says Tim Seymour.
Jacobs Engineering (JEC) dropped 5%. Earnings missed estimates and the firm said it’s backlog of new orders was down 13 percent. - No surprise by the action here, says Simon Baker.
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Trader disclosure: On November 16th, 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); Seymour is short (FCX); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman owns (BAC); Finerman owns (JPM); Finerman’s firm owns (WMT); Finerman and Finerman’s firm owns (JCG); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (IJR); Finerman's Firm Is Long Russell Puts; Finerman's Firm Is Long S&P Puts; Pete Najarian owns (BAC); Pete Najarian owns (SLV) and call spreads; Pete Najarian owns (CNI); Pete Najarian owns (F) Bonds; Pete Najarian owns (FIRE)
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