Joy Global : On word Caterpillar's mining segment is flourishing, Terranova is looking at mining equipment maker Joy Global. Being as it's a $9 billion company, he thinks it's a possible takeover target.
McDermott International : Terranova is bullish on this Houston, Texas-based oil and gas company. The company pre-announced "lousy" earnings results last week, but its stock has absorbed the bad news. Investors should go long against the $10.48 level, but Terranova thinks it could go to $14 a share.
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Trader disclosures for Nov. 3, 2011: TIM SEYMOUR: Seymour is long AAPL; Seymour is long BAC; Seymour is long INTC. ANTHONY SCARAMUCCI: Scaramucci is long AAPL; Scaramucci is long GOOG; Scaramucci is long WFC; Scaramucci is long GS. KAREN FINERMAN: Finerman owns SPY. JOE TERRANOVA: Terranova is long CAT; Terranova is long CVI; Terranova is long VRTS; Terranova is long APC; Terranova is long F; Terranova is long EMC; Terranova is long AAPL; Terranova is long IBM; Terranova is long JOYG; Terranova is long LULU. STEVE WEISS: Weiss owns EURO; Weiss owns RIG; Weiss owns QCOM; Weiss owns COP; Weiss owns POT; Weiss owns MOS; Weiss owns CSX; Weiss owns KO; Weiss owns VZ; Weiss owns AKAM; Weiss owns BRCM; Weiss owns RIMM; Weiss owns HPQ.
Finerman’s firm owns MDY
Finerman’s firm owns SPY
CNBC.com with wires