Following are the day’s biggest winners and losers. Find out why shares of Mosaic and NutriSystem popped while Vimpel-Comm and St. Jude Medical dropped.
POPS (stocks that jumped higher)
Mosaic (MOS) popped 4%. Despite an earnings miss, investors bid the stock higher on an anticipated uptick in demand. - I think the ag names have bottomed, speculates Joe Terranova.
NutriSystem (NTRI) popped 16%. The maker of prepared weight loss meals said Walmart will begin to sell its products. - It's a great move for them, says Pete Najarian.
eBay (EBAY) popped 5%. A larger move higher in retail took this stock along for the ride. - I'm a buyer on dips, says Guy Adami.
Corning (GLW) popped 5%. UBS upgraded the company to ‘buy’ from ‘neutral’ at UBS citing improvws demand from China. - I don't like this stock here, says Joe Terranova.
Joy Global (JOYG) popped 2%. The maker of mining equipment made gains as gold touched at an all time high.
Emerging Markets ETF (EEM) popped 2%. The weak dollar gave commodities a boost and this ETF went with them.
DROPS (stocks that slid lower)
Vimpel-Comm (VIP) dropped 3%. Investors took profits after the Russia-based firm moved higher on Monday. - I think it's a great cellular play, says Tim Seymour.
St. Jude Medical (STJ) dropped 13%. The medical device maker forecast third quarter earnings below Street estimates citing financial pressures and weak sales. - Not good, says Pete Najarian.
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Trader disclosure: On Oct. 6th, 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); Terranova Owns (NOV), (MOS), (JPM); Terranova Owns Dec. Gold Futures; Terranova Owns March Sugar Futures; Terranova Owns Crude Futures; Terranova Is Short (CCL), (WYNN), (GRMN); Seymour Owns (AAPL), (STD), (EEM), (RIMM), (BAC), (MSFT), (SBUX), (VIP), (RTP); 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 (LAZ) & Short (LAZ) Calls & Long (LAZ) Put Spread; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (MYL) Calls; Najarian Owns (TEVA); Najarian Owns (ORCL) & Short (ORCL) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (WFC) Puts; Najarian Owns (YHOO) Call Spread ; Najarian Short (AA) Calls
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