Following are the day’s biggest winners and losers. Find out why shares of Barrick Gold and Research In Motion popped while Mastercard and Teva Pharma dropped.
POPS (stocks that jumped higher)
Barrick Gold (ABX) popped 8%. The gold miner popped as gold hits fresh record highs. - With gold soaring they're buying back their hedges, reminds Tim Seymour.
Research In Motion (RIMM) popped 7%. After falling on a Citi downgrade yesterday, the Blackberry maker rebounded today on a positive note out of Jesup. - I'm long, says Joe Terranova.
Snap-On (SNA) popped 5%. The tool maker popped off the back of the Stanley Works Black & Decker deal. - A big day for tools, chuckles Karen Finerman.
FedEx (FDX) popped 3%. This transportation name moved higher along with railroad stocks as Buffett’s Burlington Northern purchase boosted the sector.
Ener1 (HEV) popped 10%. Deutsche bank initiated coverage of this firm with a ‘buy.’
DROPS (stocks that slid lower)
Mastercard (MA) dropped 2%. The credit card name beat on earnings but reiterated its warning that full year revenues will miss its targets. - The Street was disappointed with the guidance, explains Karen Finerman.
Teva Pharma (TEVA) dropped 2%. Revenues fell short of the Street’s expectations due to foreign exchange rates. - I love this stock, says Pete Najarian.
Apple (AAPL) dropped 1%. Published reports suggested weak iPhone sales in China – Reuters reported only 5000 units have been sold by China Unicom. - That's pretty sad, says Tim Seymour.
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Trader disclosure: On November 3rd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Finerman's Firm Owns (BCR): Finerman Is Long (BAC) Calls: Finerman's Firm Is Long (BAC) Call Spreads: Finerman's Firm Owns (BAC) Preferred: Finerman's Firm Owns (FLS); Finerman's Firm Is Short (FLS)Calls; Finerman's Firm Owns (MSFT); Finerman's Firm Owns(NOK); Finerman's Firm Owns (PBR); Finerman's Firm Owns (PDE); Finerman Owns (PDE); Finerman's Firm Owns (RIG); Finerman Owns (RIG); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Is Long (TGT); Finerman's Firm Is Long (WMT); Finerman's Firm Is Short (IJR); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (SPY); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (UNG); Finerman's Firm Is Short (USO); Seymour Owns (AA); Seymour Owns (AAPL); Seymour Owns (BAC); Seymour Owns (EEM); Seymour Owns (SBUX); Seymour Owns (F); Seymour Is Short (FXI); Seymour Owns (POT); Terranova Owns (GS); Terranova Owns (RIMM; Terranova Owns Dec. Gold Futures; Najarian Owns (HGSI) Call Spread; Najarian Owns (INTC) & Short (INTC) Calls; Najarian Owns (LAZ) & Short (LAZ) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (TEVA) & (TEVA) Call Spread; Najarian Owns (WFR) Calls; Najarian Owns (YHOO) & (YHOO) Puts
For Cliff Gallant
Gallant Owns Shares of (BRK.A)
KBW expects to Receive Compensation From (BRK.A)
For Pete Schiff
Schiff is Short the Dollar
Schiff Owns Gold
For Whitney Tilson
Funds Managed By Whitney Tilson Are Long (BRK.a) & (BRK.b)