Following are moves you might have missed. Find out why shares of Fairchild Semiconductor and Nutrisystem popped while Netflix and Hyatt dropped.
POPS (stocks that jumped higher)
Fairchild Semiconductor (FCS) popped 3%. The makers of analog chips for PCs, mobile phones and automobiles issued an optimistic outlook, assuaging market fears after rival Microchip Technology cut its outlook earlier this week.
Nutrisystem (NTRI) popped 5%. Wedbush upgraded shares of the company to ‘Outperform’ from ‘Neutral’ with a $19 price target citing a new product launch among other factors. - Good for them, says Karen Finerman.
DROPS (stocks that slid lower)
Netflix (NFLX) dropped 4%. After the company’s shares spiked over $300 earlier in the week, perhaps investors thought it prudent to book some profits.
Hyatt Hotels (H) dropped 5%. The hotel giant sold off for no clear reason. - It wasn't just this stock, the whole group moved lower, explains Stephen Weiss. I think it was because rival Marriott issued a disappointing outlook earlier in the week.
Energy Transfer Equity (ETE) dropped 2%. Ironically the stock sold-off despite a published report which said the company’s chairman “is so confident in his company's prospects that he has almost all of his net worth invested in its units.”
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Trader disclosure: On July 11, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Terranova owns (XOM); Terranova owns (HAS); Terranova owns (DIS); Terranova owns (WFM); Terranova owns (LULU); Terranova owns (MSFT); Terranova owns (TM); Terranova owns (JWN); Terranova owns (MCD); Terranova owns (PEP); Terranova owns (MA); Terranova owns (BX); Terranova owns (GS); Terranova owns (DAR); Terranova owns (CAT); Terranova owns (VRTS); Terranova owns (AAPL); Terranova owns (F); Terranova owns (CVI); Terranova owns (IBM); Terranova owns (FCX); Terranova is Chief Market Strategist of Virtus Investment Partners, LTD; Finerman's Firm And Finerman Own (AAPL); Finerman's Firm owns (BAC) leaps and Finerman Owns (BAC); Finerman's Firm owns (JPM) leaps and Finerman Owns (JPM); Finerman’s Firm owns (GOOG); Finerman’s owns (IBM); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (SPY); Finerman's Firm Is Long S&P 500 Puts; Finerman's Firm Is Long Russell 2000 Puts; Weiss owns (JPM); Weiss owns (HBAN); Weiss owns (CMA); Weiss owns (KEY); Weiss owns (COP); Weiss owns (DVN); Weiss owns (HK)
For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
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