Wynn, Genworth and Other Tradable Midday Movers

Wednesday, 18 Apr 2012 | 1:56 PM ET

Following are some of the day's big 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!

Wynn popped .

The catalyst:
According to published reports, Wynn may sign a land contract for a proposed resort in Cotai, Macau, this month.

The Trade:
The 200-day is around $129. If it holds for a couple days, then I'd buy Wynn, but I wouldn't run in,” says trader Steve Grasso.


Genworth dropped .

The catalyst:Genworth postponed plans for a public offering for one of its units based in Australia due to elevated losses in the nation.

The Trade:
"Just stay away," says Stephen Weiss.


Halliburton popped .

The catalyst:Halliburton said Wednesday its first-quarter profit increased 22.7 percent as the oil industry aggressively searched for new oil fields in North America.

The Trade: “I think the company is still facing pricing pressure,” says trader Joe Terranova. “In the space I like HOS better.”


Intuitive Surgical dropped .

The catalyst:
Intuitive Surgical reported higher-than-expected first-quarter profit due to increased sales of its high-priced da Vinci surgical robots and a rise in procedures using the systems.

The trade:
“If I had a profit, I’d take it,” says Brian Kelly.

Catalysts for Intel Shares This Year
The FMHR traders discuss how the latest earnings data is impacting the global market. Also, Tristan Gerra, Baird Equity Research, weighs in on Intel's earnings and Joel Fishbein, Lazard Capital Markets, discusses how to trade VMware ahead of the company's earnings announcement.

* You can find Pops & Drops about 13 minutes into this video clip.

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Trader disclosure: On Apr 18, 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 ASTM; Steven Grasso is long AVAV; Steven Grasso is long BA; Steven Grasso is long D; Steven Grasso is long FRO; Steven Grasso is long LNG; Steven Grasso is long MHY; Steven Grasso is long NUAN; Steven Grasso is long MO; Steven Grasso is long PFE; Steven Grasso is long PRST; Steven Grasso is long S; Steven Grasso is long XLU; Steven Grasso is long ZAZA; Steven Weiss is long HAIN; Steven Weiss is long EUO; Steven Weiss is long TBT; Steven Weiss is long TBF; Steven Weiss is long ZCOM; Steven Weiss is long HPQ; Steven Weiss is long BRCM; Steven Weiss is long CSC; Steven Weiss is long HKNZ; Steven Weiss is long AAPL; Steven Weiss is long JPM; Steven Weiss is long SNDK; Steven Weiss is short X; Steven Weiss is short MT; Steven Weiss is short FXA; Steven Weiss is short ERIC

For Steven Grasso
Steven Grasso is long for STUART FRANKEL CUBA
Steven Grasso is long for STUART FRANKEL GERN
Steven Grasso is long for STUART FRANKEL HPQ
Steven Grasso is long for STUART FRANKEL HSPO
Steven Grasso is long for STUART FRANKEL MU
Steven Grasso is long for STUART FRANKEL NAT
Steven Grasso is long for STUART FRANKEL NYX
Steven Grasso is long for STUART FRANKEL P
Steven Grasso is long for STUART FRANKEL PRST
Steven Grasso is long for STUART FRANKEL VVUS
Steven Grasso is long for STUART FRANKEL XRX
Steven Grasso is long for STUART FRANKEL ZNGA
Steven Grasso is short for STUART FRANKEL AAPL
Steven Grasso is short for STUART FRANKEL QQQ

For Dennis Gartman
Nothing to disclose

For Donald Yacktman
Donald Yacktman is long PG
Donald Yacktman is long NWS
Donald Yacktman is long PEP
Donald Yacktman is long MSFT
Donald Yacktman is long SYY

For Joel Fishbein
All of the recommendations and views about the securities and companies in this report accurately reflect the personal views of the research analyst named on the cover of this report. No part of this research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed by the research analyst in this research report.

For Tristan Gerra
Robert W. Baird & Co. Incorporated makes a market in the securities of INTC

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