Following are the day’s biggest winners and losers. Find out why shares of Time Warner, CME Group andBorgWarner popped while andAcxicom dropped.
POPS (stocks that jumped higher)
Time Warner (TWX) popped 2%. The world's largest media company popped after a Bank of America report hinted at "changes in management." Guy Adami likes TWX and feels it should be trading around $28.
CME Group (CME) popped 4% and NASDAQ (NDAQ) popped 2%. After CME Group reported that trading volume increased by nearly 50% in the 3rd quarter, other exchanges were on the rise as well. – Karen Finerman prefers NYX.
Russell 2K ETF (IWM) popped 2%. The ETF that tracks small caps exploded Monday, following big brother DOW up the charts amid increased deal activity. – Pete Najarian suggests IWM won’t be a part of the large cap rally.
BorgWarner (BWA) popped 4%. This auto parts maker pumped on all cylinders, after Barron's said it could merit a $110-valuation. Shares are currently at $95. – Guy Adami still likes BWA.
USG Corp. (USG) popped 4%. The largest maker of gypsum wallboard in the US was just one of several construction and infrastructure firms that climbed Monday. – Pete Najarian says this stock is nowhere near its June highs.
Electronic Arts (ERTS) popped 4%. The video game maker had a strong showing amid the rally. – Jeff Macke says get long the video game makers for the Holidays.
AMR Corp. (AMR) popped 12%. Even a Citigroup downgrade couldn't stop this parent company of American Airlines from rallying on lower crude prices and a love piece in Barrons. – Guy Adami thinks AMR is a sell.
First Solar (FSLR) popped 8%. The solar names were still red hot as enthusiasm for another alternative - ethanol - has waned. Pete Najarian thinks FSLR has more upside however he prefers Cypress.
DROPS: (stocks that slid lower)
SuperValu (SVU) dropped 6%. Bank of America expects Supervalu to come under pressure during the next year and initiated coverage with sell rating. Jeff Macke likes this stock.
Acxicom (ACXM) dropped 20%. Shares of the data management firm, got the rug pulled out from under them, as a $2.25 billion deal was cancelled. – Karen Finerman thinks there’s something wrong at the company.
Mets. The New York baseball team, in first place since May, blew their chance at the playoffs by losing 8 to 1 to the Marlins, in what has been described as the worst collapse in baseball history.
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Trader disclosure: On Oct 1, 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 (HAS), (ATVI), (INTC), (SWY); Najarian Owns (GS) Options; Finerman's Firm And Finerman Own (FLS); Web Caller Roger Nesham Owns (DE), (AGU)