Following are the 3rd quarter’s biggest winners and losers. Find out why shares of Ebay (EBAY), Apple (AAPL) and Fluor (FLR) popped while Wal-Mart (WMT) and Comcast (CMCSA) dropped.
POPS (stocks that jumped higher)
Ebay (EBAY) popped 22%, Amazon (AMZN) popped 35%, and Blue Nile (NILE) popped 56%!- While brick and mortar merchandisers had a shaky quarter, the dot-com retailers exploded. – Jeff Macke says internet traffic is growing and these companies benefit.
Apple (AAPL) popped 27%. If you thought last quarter's iPhone craze was a top in Apple - think again. A dramatic iPhone price cut and new iPod models sent shares ever-higher. – Pete Najarian expects AAPL to continue higher.
Fluor (FLR) popped 37%. The nuclear infrastructure company, was glowing green, as high oil prices improved the prospect of new nuclear power plants in the U.S. – Guy Adami thinks FLR is getting rich on a valuation basis.
Whole Foods (WFMI) popped 27%. With the CEO's blogging scandal behind them, and the Wild Oats acquisition in the books, Whole Foods was back on track this quarter. – Jeff Macke says ease into this trade.
BHP Billiton (BHP) popped 33%. This miner got a lift as metals prices soared thanks to global demand from China, India, and elsewhere. – Pete Najarian likes BHP for global growth.
Celebrity Rehab - This quarter, celebrities who checked into - and then out of - and then back into rehab were all the rage. From Lindsay Lohan to Nicole Richie, Mike Tyson and Richie Sambora, they were all trying to get clean. In the ultimate irony, even Amy Winehouse, who boasted about her refusal to get clean in her single "Rehab" -- checked in this quarter.
DROPS: (stocks that slid lower)
Wal-Mart (WMT) dropped 9%. The world's biggest retailer, led the rest of the pack down, as it missed profits and cut its full-year guidance in August. – Guy Adami wishes WMT could get margins higher.
Comcast (CMCSA) dropped 14%. Under siege from telecoms and satellite, the cable operator tumbled this quarter after announcing it was losing subscribers. – Karen Finerman says stay away for now, but don’t short this stock.
Merrill Lynch (MER) dropped 17%. Competitors Goldman, Lehman, & Bear Stearns all recovered somewhat from their summertime subprime doldrums, Merrill was left licking its wounds. – Karen Finerman would rather own Goldman Sachs.
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Trader disclosure: On Sept. 28, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (JWN), (INTC), (EMC); Najarian Owns (KSS); Najarian Owns (GS) Options; Finerman Owns (GS); Finerman's Firm And Finerman Own (FLS), (KALU), Finerman's Firm Owns (JNJ), (KFT), (TGT), (WMT), (NMX), (NDAQ), (COP); Finerman's Firm Owns Daimler Chrysler; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts