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Chesapeake, GM and Other Tradable Movers

Monday, 21 May 2012 | 1:37 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!

Chesapeake Energy

The catalyst:Chesapeake said it would cut compensation for directors by about 20 percent, and also eliminate the use of fractionally owned aircraft for personal travel by outside directors.

The trade: I have no interest in this stock, says Joe Terranova. If you think nat gas has troughed I’d play it long UPL.

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Kansas City Southern

The catalyst:Kansas City Southern said it expects strong long-term growth from "near-sourcing," a trend underway in which companies move manufacturing plants to Mexico from Asia.

The trade: “If you think the S&P is on its way to 1325 as I do, then there should be another few dollar of upside in Kansas City Southern.

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General Motors

The catalyst:GM said it would not advertise during next season’s Super Bowl game because it can’t justify the increased price of ads.

The trade: I think investors should look at this development as sign the company is acting responsibly, says trader Mike Murphy. I think it’s getting interesting.

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Manpower

The catalyst: Although there’s no clear catalyst, with the stock down almost 20% over the past month, investors may be betting it’s due for a bounce.

The trade: You’ve got to like the way it’s moving, says Jon Najarian.

Posted by CNBC's Lee Brodie

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Trader disclosure: On May 21, 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 MCD; Joe Terranova is long PNC; Joe Terranova is long SBUX; Joe Terranova is long SJM; Joe Terranova is long UPL; Joe Terranova is long AAPL; Joe Terranova is long HPQ; Joe Terranova is long LQD; Michael Murphy is long TGT; Michael Murphy is long ANF; Michael Murphy is long HD; Michael Murphy is long FCX; Michael Murphy is long SBUX; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU

Matt O’Connor
Deutsche Bank (and/or affiliates) owns 1% or more of any class of common equity securities of BAC
This company is an investment client of Deutsche bank: BAC
Deutsche Bank and/or its affiliate(s) has received non-investment banking related compensation from this company within the past year: BAC
This company has been a client of Deutsche Bank Securities Inc. within the past year, during which time it received non-investment banking securities related services: BAC
This company is an investment client of BAC: FITB
Deutsche Bank and/or its affiliate(s) has received non-investment banking related compensation from this company within the past year: FITB
This company has been a client of Deutsche Bank Securities Inc. within the past year, during which time it received non-investment banking securities related services: FITB
This company is an investment banking client of Deutsche Bank: KEY
Deutsche Bank and/or its affiliate(s) has received non-investment banking related compensation from this company within the past year: KEY
This company has been a client of Deutsche Bank Securities Inc. within the past year, during which time it received non-investment banking securities-related services: KEY
Deutsche Bank (and/or affiliates) own 1% or more of any class of common equity securities of this company: USB

For Laura Champine
Nothing to disclose

  Price   Change %Change
CHK
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GM
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KSU
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