Following are the day’s biggest winners and losers. Find out why shares of Supervalu (SVU), Bear Stearns (BSC) and Marriott (MAR) popped while Amylin (AMLN) and Infosys (INFY) dropped.
POPS (stocks that jumped higher)
Supervalu (SVU) popped 6%. The second largest supermarket chain in the nation posted a 12% pop in profit, thanks to lower labor costs and synergies from their Albertson's acquisition. – Jeff Macke says it’s a great stock and a buy.
Bear Stearns (BSC) popped 2%. The beleaguered broker got a pop after Citic Group - the investment arm of the Chinese cabinet - said it was interested in a stake. – Guy Adami calls this stock a lottery ticket.
Marriott (MAR) popped 4%. The world's largest hotel company rose on takeover speculation. The company gave no comment to Reuters. – Pete Najarian says it’s a perpetual rumor and not a pop he wants to hold.
The E.W. Scripps Company (SSP) popped 9%. The media company which owns local newspapers and cable assets such as the Food Network, announced it would split into two companies - one for cable TV and internet, the other for local TV and newspapers. – Jeff Macke recommends selling the pop.
Saks (SKS) popped 5%. This luxury department store, made its second-consecutive "pop" on takeout speculation, first reported yesterday by Women's Wear Daily. – Karen Finerman says she’s skeptical.
Robbins & Myers (RBN) popped 18%. Shares of the industrial equipment company exploded after Q4 profits more than doubled, thanks to cost-cutting measures. – Karen Finerman says she loves the sector!
DROP (stocks that slid lower)
Amylin (AMLN) dropped 5%. The biotech, whose diabetes drug Byetta uses a protein synthesized from the saliva of this Gila monster, fell after the FDA said it might cause pancreatitis. – Pete Najarian says the news is a big negative.
India Stocks... Infosys (INFY), ICICI Bank (IBN) both dropped more than 5%. India's stock market regulator may tighten rules for foreign purchases of local companies. – Guy Adami says India could be dicey.
Domino's Pizza (DPZ) dropped 14%. Shares of the second-largest U.S. pizza chain plunged, after profits were hit by rising cheese costs and declining customer visits. – Jeff Macke recommends shorting “the pizza.”
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .
Trader disclosure: On Oct 16, 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 (INTC) (SWY), Najarian Owns (DISH), (GOOG), (UA); Najarian Owns (IBM) Options ;Najarian Is Short (PNC); Finerman Owns (GS), (C); Finerman's Firm And Finerman Own (KFT); Finerman's Firm Owns (LTD), (NMX), (NYX), (VCLK), (JNJ), (MO), (MSFT), (COP), (BIIB) Finerman's Firm Is Short (WFC); Finerman's Firm Owns S&P 500 Index Puts; Finerman's Firm Owns Russell 2000 Index Puts; Finerman's Firm And Finerman Own (FLS)