Following are the day’s biggest winners and losers. Find out why shares of Peabody Energy and General Dynamics popped while CVS Caremark and Ciena dropped.
POPS (stocks that jumped higher)
Peabody Energy (BTU) popped 4%. Barron’s said the stock could double over the next few years due to demand from India and China. - I'm all hyped up, says Pete Najarian.
General Dynamics (GD) popped 3%. Morgan Stanley upgraded the firm to ‘overweight’ from ‘equal weight’ citing a pick up in demand. - At 10 times forward earnings I think it's cheap, says Guy Adami.
PetSmart (PETM) popped 3%. Janney Montgomery Scott upgraded the company to ‘buy’ from ‘neutral’ citing a strong balance sheet and defensive position. - I'm a buyer, reveals Steve Grasso.
MSCI Brazil Index ETF (EWZ) popped 3%. Investors turned bullish on the Brazil ETF after the nation was selected to host the 2016 Olympics. - I see no reason to get out, says Joe Terranova.
Dow Chemical (DOW) popped 5%. The chemical name said it may expand its alternative energy business and launch a new solar shingle. - You've got to love this stock, says Pete Najarian. Lots of growth potential.
Blackstone Group (BX) popped 2%. Investors liked hearing the firm may buy the amusement park business from Anheuser-Busch for $2.5-$3 billion. - $15 has been resistance a couple times, says Guy Adami.
General Electric (GE) popped 3%. The parent company of CNBC closed higher amid talk of a deal to sell NBC Universal to Comcast.
Valero Energy (VLO) popped 3%. Despite a Deutsche downgrade to ‘sell’ from ‘hold’ the refiner closed out the day higher with the sector.
DROPS (stocks that slid lower)
CVS Caremark (CVS) dropped 2%. On Friday the company said it expects to have about one-third fewer low-income subsidy members enrolled in its two Medicare Part D plans next year, which could reduce earnings by 3 cents to 4 cents per share.
Ciena (CIEN) dropped 3%. Investors didn’t like hearing that the company was in advanced talks to buy assets in from bankrupt telecom equipment maker Nortel Networks.
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Trader disclosure: On October 5, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Grasso Owns (AAPL), (ABK), (BAC), (C), (COST), (CSCO), (PFE), (V), (MMT); Terranova Owns (NOV), (JPM); Terranova Owns Dec. Gold Futures; Terranova Owns March Sugar Futures; Terranova Owns Crude Futures; Terranova Is Short (CCL), (WYNN), (GRMN); Najarian Owns (C) Calls; Najarian Owns (BRCD) Call Spread; Najarian Owns (DELL) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (JPM) & Short (JPM) Calls; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (TEVA); Najarian Owns (ORCL) & Short (ORCL) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (WFC) Put Spread; Najarian Owns (YHOO) Call Spread
For Steve Grasso
Stuart Frankel Owns (ACS)
Stuart Frankel Owns (GERN)
Stuart Frankel Owns (MSFT)
Stuart Frankel Owns (NWS.A)
Stuart Frankel Owns (NYX)
Stuart Frankel Owns (PDE)
Stuart Frankel Owns (PFE)
Stuart Frankel Owns (ROK)
Stuart Frankel Owns (XOM)
Stuart Frankel Owns (SDS)
Stuart Frankel Is Short (QQQQ)
Jon Najarian Owns (YUM)
Pete Schiff Owns (POT)
GE Is The Parent Company Of CNBC
NBC Universal Is The Parent Company Of CNBC