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Pops & Drops: D.R. Horton, Honeywell, Illumina, Altria

Friday, 27 Jan 2012 | 1:56 PM ET

Following are moves you might have missed.

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: D.R. Horton (DHI) popped 1 percent.

Trader Comment: “Numbers look good this morning,” said Patty Edwards, noting the stock was up 28 percent since the bottom. “ If I’m going to play home builders, I’m going actually with Home Depot.”

Halftime Pops & Drops
The Fast Money traders discuss the midday market movers that may not have been on your radar, including Honeywell, D.R. Horton and Illumina.

The Mover: Honeywell (HON) popped 1 percent.

Trader Comment: “They had a very good earnings number,” said Zach Karabell. “They’ve reconfirmed the strength of this global industrial economy that I keep harping on that Caterpillar shows as well.”

The Mover: Illumina (ILMN) dropped 1 percent.

Trader Comment: “Roche confirmed that they’re going hostile, that it’s a $44.50 bid for a stock that’s trading over $52 a share ,” said Jon Najarian. “They’re playing a little game of chicken here to see exactly how much they can hold Roche’s feet to the fire to get this deal done at a higher price.”

The Mover: Altria (MO) dropped 2 percent.

Trader Comment: “Volume’s still under pressure. You want to look at the 100-day moving average. It’s just $27.84 in this name,” Steve Grasso said. “If you want to dabble here, you still get a humongous yield.”




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Trader disclosure: On Jan. 27, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Grasso owns ASTM; Grasso owns AVAV; Grasso owns BA; Grasso owns D; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns PRST; Grasso owns S; Grasso owns WFT; Grasso owns XLU; Karabell is long HON; Karabell is long CAT; Karabell is long QCOM; Karabell is long BIDU; Karabell is long VMU; Karabell is short JCP; Karabell is short XLF

For Steve Grasso
Stuart Frankel & Co and it’s partners own CSCO

Stuart Frankel & Co and it’s partners own CUBA

Stuart Frankel & Co and it’s partners own GERN

Stuart Frankel & Co and it’s partners own HPQ

Stuart Frankel & Co and it’s partners own HSPO

Stuart Frankel & Co and it’s partners own MU

Stuart Frankel & Co and it’s partners own NYX

Stuart Frankel & Co and it’s partners own PRST

Stuart Frankel & Co and it’s partners own WFT

Stuart Frankel & Co and it’s partners own XRX

For Patty Edwards
Trutina Financial is long GLD

Trutina Financial is long PGM

Trutina Financial is long INTC

Trutina Financial is long T

Trutina Financial is long SBUX

Trutina Financial is long NOV

Trutina Financial is long SBUX

For Adam Jonas
(F) The following analysts hereby certify that their views about the companies and their securities discussed in this report are accurately expressed and that they have not received and will not receive direct or indirect compensation in exchange for expressing specific recommendations or views in this report: Adam Jonas.

For Jim Mccluney
No disclosures

For Willie Williams
No disclosures

For Jeff Klinefelter
A Piper Jaffray officer, director, or employee (other than a research analyst who follows J. C. Penney Company, Inc.), is an officer and/or director of J. C. Penney Company, Inc.

Piper Jaffray beneficially owns 1% or more of a class of common equity securities of J. C. Penney Company, Inc.

Piper Jaffray usually provides bids and offers for the securities of J. C. Penney Company, Inc. and will, from time to time, buy and sell J. C. Penney Company, Inc. securities on a principal basis.

For Dan Dicker
Dicker is long RIG

For Dennis Gartman
Gartman is long gold

For Anthony Scaramucci
Scaramucci is long C

Scaramucci is long BAC

Scaramucci is long GD

Scaramucci is long BDX

SkyBridge Capital Is A Fund Of Funds Manager

Anthony Scaramucci is one of 8 national finance chairs for Mitt Romney campaign

Held a fundraiser for Mitt Romney

Has contributed to the Romney campaign

  Price   Change %Change
DHI
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HON
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ILMN
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MO
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  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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