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Stocks On The Move: ICE, WellCare, Celgene And More

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Following are the day’s biggest winners and losers. Find out who rose, who fell and why it matters.




POPS

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Stocks Pops & Drops

“Big Papi” David Ortiz of the Boston Red Sox helped the AL Champs dominate the Colorado Rockies 13-1 in Game One of the World Series. Adami: The Rockies aren’t done yet. He predicts they will “spank” Curt Schilling and the Red Sox in Thursday night’s Game Two.

DROPS

Intercontinental Exchange (ICE) dropped 4%. Automated trading and higher volatility helped profits rise 53% but it wasn’t enough to impress the Street. Adami: This stock was due for a pullback. It’s worth owning whenever it’s down.

NII Holdings (NIHD) dropped 19%. The Latin American mobile phone provider added fewer subscribers than expected last quarter. Najarian: China Mobile (CHL) has more subscribers per quarter than NII has all year. “That’s why they’re a drop.”

WellCare (WCG) dropped 63%. The company, which manages certain Medicaid programs for the government, imploded after the FBI raided its offices. Adami: If the FBI invades a company you own, it is logical to get out. WCG will probably go even lower.

Zimmer Holdings (ZMH) dropped 15%. Sales of the artificial hop and joints maker were slammed as costs related to settle a government investigation knocked profits down 76%. Macke: This one won’t stay down for long. America is aging and ZMH fits right in. But it as it comes down.

Celgene (CELG) dropped 9%. The maker of blood cancer drugs fell after missing revenue estimates due to a leveling off of Revlimid sales, its biggest product. Najarian: This pullback makes CELG an even more attractive takeover candidate.

Big Lots (BIG) dropped 17%. The retailer of overstocked items plunged after cutting its Q3 sales estimate. Finerman: Short BIG all the way down.

DROP THEN A POP

Potash (POT) popped 5%. The world’s biggest fertilizer fell at the open on earnings, but it opped to an all-time high by afternoon after the company halted new sales because a flood in Russia might constrict supply to entire fertilizer market. Macke: POT has a virtual monopoly on a product used worldwide. Once investors realized that, the stock went higher because a supply constriction would mean higher fertilizer prices.


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Trader disclosure: On Oct 25, 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), (ATVI), (EMC), (YHOO); Najarian owns (UA), (DISH), (GOOG), (YHOO), (MSFT) Options; Finerman’s firm and Finerman own (GS); Finerman’s firm owns Russell 2000 Puts, S&P 500 Puts, (NMX), (NYX), (MSFT), (BEAS), is short (BIG), (MER); Finerman owns (C)