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Weatherford, Nokia, Starbucks and Other Tradable Movers

Monday, 16 Apr 2012 | 1:05 PM ET

Following are some of the biggest mid-day 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!

Weatherford dropped .
The catalyst: There’s not clear catalyst for the weakness other than a growing belief that the enter energy sector may ahead of itself.
The trade: “When the market fell off everything in the space came in,” says trader Steve Grasso. “I’d stay away because I think the market is coming in.”

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Nokia dropped .
The catalyst:Moody’s downgraded Nokia's debt with a negative outlook, meaning the rating could be cut again.
The trade: “It seems that Android and Apple own the space,” muses trader Brian Kelly. “I wouldn’t touch this stock.”

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Starbucks dropped .
The catalyst: With share making new 52-week highs almost every day, investors may be starting to fear that when Starbucks reports earnings on April 26th the results won’t be strong enough to propel the stock any higher.
The trade: Fundamentally it’s a great company but it’s making an outside down day,” says Joe Terranova. “If we close below $59.75, that’s bearish technically and I’d get out.”

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Mattel dropped .
The catalyst:Mattelsaid Monday that its first-quarter profit dropped 53 percent, pulled down by costs tied to an acquisition and lower sales for Barbie and Hot Wheels. Results were below expectations.

The trade: “I’m adding to on the pull back,” says trader Patty Edwards. “I love the franchises.”

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Kilburg: Take Profits on TLT
The FMHR traders break down their top three trades of the day. Jeff Kilburg, Treasury Curve, also discusses why investors should take profits on TLT amid the recent Treasury bond rally.

Gannett dropped .
The catalyst: Gannett reported on Monday that first-quarter revenue fell 2.6 percent, dragged down by weak advertising sales
The trade: “I just don’t like the printed news business,” says Jon Najarian


* You can find Pops & Drops about 5 minutes into this video clip


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Trader disclosure: On Apr 16, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long IBM; Joe Terranova is long MCD; Joe Terranova is long EMC; Joe Terranova is long GS; Joe Terranova is long JOY; Joe Terranova is long HPQ; Joe Terranova is long LQD; Steven Grasso is long CUBA; Steven Grasso is long GERN; Steven Grasso is long HPQ; Steven Grasso is long HSPO; Steven Grasso is long MU; Steven Grasso is long NAT; Steven Grasso is long NYX; Steven Grasso is long P; Steven Grasso is long PRST; Steven Grasso is long VVUS; Steven Grasso is long XRX; Steven Grasso is long ZNGA; Steven Grasso is long ORCL; Steven Grasso is long UAL; Steven Grasso is long LNG; Steven Grasso is short AAPL; Steven Grasso is short QQQ; Patty Edwards is long for clients AAPL; Patty Edwards is long for clients WFC; Patty Edwards is long for clients GDX; Patty Edwards is long for clients GLD; Patty Edwards is long for clients KMB; Patty Edwards is long for clients ERF; Patty Edwards is long for clients INTC; Patty Edwards is long for clients JOY ; Patty Edwards is long for clients SBUX; Patty Edwards is long for clients COP; Patty Edwards is long for clients AMZN; Patty Edwards is long for clients PEP; Patty Edwards is long for clients HD; Patty Edwards is long for clients BRK.B; Patty Edwards is long for clients JNJ; Patty Edwards is long for clients BMY; Brian Kelly is long SPY; Brian Kelly is long IWM; Brian Kelly is long USG; Brian Kelly is long KRE; Brian Kelly is long CAF; Brian Kelly is long GERMAN BUNDS; Brian Kelly is short EUROTOXX 50 FUTURES; Brian Kelly is short BRITISH POUND; Brian Kelly is short SWEDISH KRONE

For Doug Kass
Doug Kass is long XLF
Doug Kass is long BAC
Doug Kass is long C
Doug Kass is long BRK.B

For Sam Isaly
Sam Isaly is long JNJ
Sam Isaly is long ISRG
Sam Isaly is long PFE
Sam Isaly is long FRX
Sam Isaly is long LLY
Sam Isaly is long WLP
Sam Isaly is long PFE
Sam Isaly is long RHHBY
Sam Isaly is long NVS
Sam Isaly is long BMY
Sam Isaly is long SNY
Sam Isaly is long MRK

For JC O’Hara
Nothing to disclose

For Peter Keith
Piper Jaffray usually provides bids and offers for the securities of Home Depot, Inc. (The) and will, from time to time, buy and sell Home Depot, Inc. (The) securities on a principal basis: HD
Piper Jaffray usually provides bids and offers for the securities of Lumber Liquidators, Inc. and will, from time to time, buy and sell Lumber Liquidators, Inc. securities on a principal basis: LL
Piper Jaffray has received non-investment banking securities-related services from or has had a client relationship with Lowe's Companies, Inc. in the past 12 months: LOW
Piper Jaffray usually provides bids and offers for the securities of Lowe's Companies, Inc. and will, from time to time, buy and sell Lowe's Companies, Inc. securities on a principal basis: LOW


  Price   Change %Change
GCI
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MAT
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NOK
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SBUX
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WFT
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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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