Following are the day’s biggest winners and losers. Find out why shares of Panera Bread (PNRA), Harley Davidson (HOG) and Kaiser Aluminum (KALU) popped while Wynn (WYNN) and Las Vegas Sands (LVS) dropped.
POPS (stocks that jumped higher)
Panera Bread (PNRA) popped 8%. This bakery-cafe chain rose nicely, after same stores sales growth beat expectations. – Guy Adami thinks PNRA will rally into earnings, then he says sell.
Harley Davidson (HOG) popped 6%. "HOG" hopped higher after UBS upgraded the stock, noting higher 3rd quarter sales. – Pete Najarian says the stock is still way off its highs.
Kaiser Aluminum (KALU) popped 7%. The metals maker turned red-hot on a Bear Stearns upgrade that cited growth in aerospace & defense demand. – Karen Finerman thinks KALU has huge growth ahead of them.
Circuit City (CC) popped 5%. The electronics retailer surged, along with its competitors -- could it be due to surging demand for Prince's new Wii Tennis racket attachment? – Jeff Macke says CC is a sell.
KB Homes (KBH) popped 5%. KB, and the rest of the homebuilders, continued their monster bounce-back. – Guy Adami says take profits.
Collective Brands (PSS) popped 7%. The parent company of Payless shoes continued its recent run higher. – Karen Finerman likes PSS.
NYSE Euronext (NYX) popped 2%. The exchange popped after its UK-based derivatives business posted its second busiest September ever. – Guy Adami thinks the stock is cheap on a valuation basis.
DROPS: (stocks that slid lower)
Macau Casinos; Wynn (WYNN) dropped 10% and Las Vegas Sands (LVS) dropped 12%.The casino operators crapped out after disappointing growth figures from Macau. – Pete Najarian says there’s currently a lot of selling pressure in these names.
Midway Games (MWY) dropped 5%. Midway, maker of "Area 51" videogames, predicted a larger quarterly loss than expected, due to delays in some of their Playstation 3 titles. – Jeff Macke thinks MWY is overly tied to Sony.
P.F. Changs' China Bistro (PFCB) dropped 3%. The concept restaurant chain guided lower on unexpected costs. – Karen Finerman says stick with Yum!
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Trader disclosure: On Oct 3, 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 (DIS), (HAS), (INTC); Macke Owned (DIS) And (HAS) On 9/10/07; Najarian Owns (BIDU); Najarian Owns (GS) Options; Finerman Owns (GS); Finerman Is Short (WYNN); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (ASD), (BWS), (NYX),(NMX), (BEAS), (PSS), (NVT); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts