Following are some of the day's biggest movers.
Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
The Mover: Saks (SKS) dropped 2%.
Trader Comment: Same store sales were higher but not high enough, says Pete Najarian. However, I think it's a value at current levels.
The Mover: Wynn Resorts (WYNN) dropped 2%.
Trader Comment: As long as the stock stays above $148.50, I think investors can be long, says Guy Adami.
The Mover: Costco (COST) popped 2%.
Trader Comment: I did not like the way the stock closed, says Brian Kelly. It barely made it through the 50 and 200-day and closed on the lows. I would take profits.
The Mover: Family Dollar (FDO) dropped 2%.
Trader Comment: It's up 9% in the last 5 days and gave back little in comparison to the gains, says Jon Najarian. I'll take it. I still like it.
The Mover: Macy’s (M) popped 2%.
Trader Comment: I think it's compelling and cheap, says Stephen Weiss.
The Mover: J.C. Penny (JCP) dropped 2%.
Trader Comment: They missed some expectations, says Brian Stutland, I'd stay away.
______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our Web site send your e-mail to fastmoney@cnbc.com.
Trader disclosure: On September 1, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian is long (AAPL) call spreads; Jon Najarian is long (JBL) call spreads; Jon Najarian is long (GLD) call spreads; Jon Najarian is long (FNSR) call spreads; Jon Najarian is long (CLWR); Jon Najarian is long (CCI); Jon Najarian is long (CIGX); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Pete Najarian owns (AAPL);’ Pete Najarian owns (C); Pete Najarian owns (HPQ); Pete Najarian owns (MS); Weiss owns (AAPL); Weiss owns (COP); Weiss owns (JPM); Weiss owns (QCOM); Weiss owns (DVN); Weiss owns (VZ); Weiss owns (TWM); Weiss owns (SDS); Weiss is short (X); Weiss owns (BTU)
For Brian Kelly
Accounts managed by Brian Kelly Capital own (TLT) options
Accounts managed by Brian Kelly Capital own (JJG) options
Accounts managed by Brian Kelly Capital are short (FXE) via options
Accounts managed by Brian Kelly Capital are short (SLV)
Accounts managed by Brian Kelly Capital are short (JJC)
Brian Stutland
Stutland Equities is a market maker holding positions in (VIX) futures and options and (VXX) stock and options
Stutland Equities holds hedged option positions in (SPX) and (SPY)
Carter Worth
**No disclosures
