Following are the day’s biggest winners and losers. Find out why shares of Yum Brands (YUM), China Digital TV (STV) and ValueClick (VCLK) popped while Coach (COH) dropped.
POPS (stocks that jumped higher)
Yum Brands (YUM) popped 5%. The owner of Taco Bell and Pizza Hut posted better than expected profits and raised its full year forecast. - Jeff Macke recommends getting long YUM.
China Digital TV (STV) popped again. After jumping 75% on its Friday debut, then another 41% Monday, STV jumped 29% again Tuesday. – Tim Seymour says this company is the main player in China’s digital TV industry.
ValueClick (VCLK) popped 10%. The online ad firm popped after CNBC's own Jim Cramer speculated the company might be taken over by Microsoft. Our buddy Jim said the company could go for a 100% premium, and it's also a name Pete has liked.
Miramar Mining (MNG) popped 24%. Another gold merger went down in the books with Newmont Mining buying Miramar for $1.5 Billion. – Carter Worth says the pop speaks to the strength of the group.
Altair Nanotechnologies (ALTI) popped 31%. This nanotech exploded after the first successful demonstration of its "NanoSafe" battery pack in an electric car. – Pete Najarian calls the pop, “huge.”
ICICI Bank (IBN) popped 4%. The whole Indian market is starting to show life. – Pete Najarian says the stock popped because they received entrance into the US market.
Mechel (MTL) popped 12%.Tim Seymour explains MTL just bought the world’s largest coal deposit.
California Pizza Kitchen (CPKI) popped 5%. Carter Worth says the company’s chart is bearish. Stay away he adds.
China Sunergy (CSUN) popped 21%. The company singed a fixed price polysilicon supply agreement. – Tim Seymour thinks this company is a buy.
DROPS: (stocks that slid lower)
Coach (COH) dropped 3%. The luxury handbag maker was out of style after Bloomberg reported that the once fast-growing handbag market may be showing signs of slowing. – Carter Worth anticipates more downside in this stock.
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Trader disclosure: On Oct 8, 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 (EMC), (INTC), (SWY), (ATVI), (JWN): Najarian Owns (MON), (NAT), (VCLK): Seygem Asset Management Owns (AA), (AAPL), (ABV), (ITU), (MSFT), (TWX), (GLD), (SBUX), Seygem Asset Management Owns FEMSA: Oppenheimer & Co. Is A Market Maker In (DRYS), (ESEA), (TIVO), (VCLK), (ATVI), (ERTS), (CPKI), (RIMM)
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