Following are the day’s biggest winners and losers. Find out why shares of American Axle (AXL) and Lehman Brothers (LEH) popped while Office Depot (ODP) and Tupperware (TUP) dropped.
POPS (stocks that jumped higher)
American Axle (AXL) popped 12%. Although they had previously made parts for GM's trucks and large SUV's, the company announced they'll broaden out their product line to include axles and frames for cars, too. – Jeff Macke likes AXL as a long term buy.
Lehman Brothers (LEH) popped 4%. The brokerage moved higher, after setting up a $3 billion fund to invest in leveraged loans that banks are selling at a discount. – Karen Finerman would rather be in Goldman Sachs.
Sohu.com (SOHU) popped 7%. The Chinese internet media firm, surged ahead of tonight's earnings report. – Pete Najarian thinks it’s a buy.
Weyerhauser (WY) popped 8%. The second-largest shareholder of this timber company told Barron's that shares could fetch $100/share if the company becomes a REIT. – Guy Adami agrees that their land is quite valuable.
Dillard's (DDS) popped 7%. The department store chain mysteriously jumped this morning. – Karen Finerman doesn’t know what to say.
Child Labor. Are kids making clothes for GapKids? The specialty retailer came under fire for selling clothes made by children in Indian sweatshops. Gap actually finished higher on the day. – Jeff Macke likes GPS stock.
Garmin (GRMN) popped 6%. The GPS navigation firm climbed in anticipation of Wednesday's earnings report. – Karen Finerman does not recommend being long GRMN.
DROPS: (stocks that slid lower)
Office Depot (ODP) dropped 14%. After the world's second largest office supply chain delayed earnings to review accounting, a slew of downgrades sent shares plummeting. – Guy Adami doesn’t like that ODP is delaying Q3 results.
Tupperware (TUP) dropped 4%. The maker of food storage containers, Tupperware trickled down further Monday after last week's profit disappointment. – Pete Najarian sees a buying opportunity.
Meteor prices. A 30-pound hunk of the Willamette Meteorite had been expected to fetch up to $1.3 million at Bonhams auction house in Manhattan, but was pulled from sale after bidding peaked at $300,000, according to the New York Post.
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Trader disclosure: On Oct 29, 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 (YHOO), (INTC), (SWY), (EMC); Najarian Owns (UA) And (UA) Options; Najarian Owns (BHI) Options, (DISH) Options, (GOOG) Options, (HAL) Options, (MER) Options,(SNDK) Options, (YHOO) Options; Finerman's Firm Owns (MSFT), (TWX), (YHOO), (NMX), (NYX); Finerman's Firm Owns (NVT) And (NVT) Options; Finerman's Firm And Finerman Own (C), (BEAS); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (BIIB) Options; Finerman's Firm And Finerman Own (GS), (KFT); Finerman's Firm Is Short (MER) And Owns (MER) Puts