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Fast Money Movers: 5 Hot Stocks

Friday, 24 Jun 2011 | 2:18 PM ET

Following are 5 stocks the Fast Money traders have on their radars with new catalysts either driving gains or triggering losses. How are the pros gaming it?

Newell Rubermaid (NWL) popped 2%.

Catalyst: Street chatter was very positive about the company’s new CEO Michael Polk, with investors impressed by his past experience at Unilever.

Trade: With the stock bouncing off its lows, Pete Najarian says “this one looks like it’s finally going in the right direction."

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Coach (COH) dropped 3%.

Catalyst: HSBC downgraded the company from an "overweight" rating to a "neutral" rating with a $67 price target.

Trade: ”They’re also expanding internationally,” reminds Patty Edwards, “which will probably take a lot of money. It’s an interesting story but I wouldn’t buy the dip.”

  Price   Change %Change
COH
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TIBCO (TIBX) popped 1%.

Catalyst: The business software maker forecast third-quarter revenue ahead of analysts' expectations.

Trade: Steve Grasso doesn’t like the space and says, “I’d shy away from this one.”

  Price   Change %Change
TIBX
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Boston Scientific (BSX) dropped 3%.

Catalyst: A UBS analyst downgraded the stock, saying its revenue growth may not pick up for another two or three years.

Trade: Pete Najarian says, “I wouldn’t sniff around this name yet, but if its gets another point or so lower then I would get in.”

  Price   Change %Change
APXG
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Campbell Soup (CPB) popped 2%.

Catalyst: The company named Denise Morrison as its next president and CEO, and said she would announce her strategic plan for the company at an even on July 12th.

Trade: Patty Edwards is skeptical. “If you look at a long-term chart they’ve been in a world of pain. I’d stay away.”

Euro Trade Before Greece Deadline
A currency trade on the Greek austerity vote, with Rebecca Patterson, JPMorgan Private Bank. Also, the Fast Money traders with stocks that pop.

* You can find our conversation about these stocks approximately 4:30 into this video clip




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Trader disclosure: On June 24, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Weiss is Short (X); Weiss is Short (FWLT); Weiss is Short (FLR); Weiss owns (QCOM); Weiss owns (HGSI); Weiss owns (PZN); Weiss owns (JPM); Weiss owns (EMC); Weiss owns (UUP); Weiss owns (COP); Weiss owns (MDRX); Weiss owns (VZ); Weiss owns (AET); Weiss owns (HK); Weiss owns (TWM); Weiss owns (NS); Weiss owns (HAIN); Weiss owns (ETP); Weiss owns (SDS); Weiss owns (WFT); Pete Najarian is long (AAPL); Pete Najarian is long (C); Pete Najarian is long (MS); Pete Najarian is long (MOS); Pete Najarian is long (BEXP); Pete Najarian is long (TCK); Pete Najarian is long (MRVL); Grasso Owns (AKS); Grasso Owns (AMD); Grasso Owns (ASTM); Grasso Owns (BA); Grasso Owns (BAC); Grasso Owns (C); Grasso Owns (D); Grasso Owns (HOV); Grasso Owns (JPM); Grasso Owns (LIT); Grasso Owns (LPX); Grasso Owns (MHY); Grasso Owns (NDAQ); Grasso Owns (PFE); Grasso Owns (PRST)

For Patty Edwards
Edwards Owns (AAPL) For Clients
Edwards Owns (SDS) For Clients
Edwards Owns (BMY) For Clients
Edwards Owns (RIG) For Clients
Edwards Owns (GOOG) For Clients
Edwards Owns (ORCL) For Clients
Edwards Owns (TGT) For Clients
Edwards is long S&P500 For Clients
Edwards is long Nasdaq 100 For Clients
Edwards Owns (GLD) For Clients
Edwards Owns (SLV) For Clients
Edwards is long (SDS) For Clients
Edwards is owns (XLK)

For Steve Grasso
Stuart Frankel & Its Partners Own (ABX)
Stuart Frankel & Its Partners Own (CSCO)
Stuart Frankel & Its Partners Own (CUBA)
Stuart Frankel & Its Partners Own (GERN)
Stuart Frankel & Its Partners Own (HES)
Stuart Frankel & Its Partners Own (HPQ)
Stuart Frankel & Its Partners Own (HSPO)
Stuart Frankel & Its Partners Own (MU)
Stuart Frankel & Its Partners Own (MSFT)
Stuart Frankel & Its Partners Own (NYX)
Stuart Frankel & Its Partners Own (PFE)
Stuart Frankel & Its Partners Own (PRST)
Stuart Frankel & Its Partners Own (RDC)
Stuart Frankel & Its Partners Own (SDS)
Stuart Frankel & Its Partners Own (XRX)
Stuart Frankel & Its Partners Are Short (QQQQ)
Stuart Frankel & Its Partners Are Short (AAPL)

For Rebecca Patterson
**No Disclosures

For Daniel Fisher
Daniel Fisher is short Natural Gas



CNBC.com with wires.

  Price   Change %Change
BSX
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TIBX
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COH
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NWL
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