KKR Finance Unit (KFN) popped 26%. – Guy Adami predicted this stock would pop after it dropped Wednesday on a down grade.
DROPS: (stocks that slid lower)
Caterpillar (CAT) dropped 3%. The maker of construction equipment couldn't crawl all the way back from a 9% decline. - Eric Bolling likes CAT for global growth.
Apple (AAPL) dropped 3%. The darling growth stock was bruised in Thursday's selling, even after Steve Jobs exercising 120,000 options he received 10 years ago. – Pete Najarian says look at where AAPL started the year!
Ford (F) dropped 4%. The automaker fell at the prospect of a labor union strike at rival GM. Guy Adami calls the drop a heart breaker.
Freeport-McMoRan Copper & Gold (FCX) dropped 6%. The mining conglomerate sold off along with the rest of the materials companies. – Eric Bolling says copper volatility is immense. Stay away, he adds.
The Gold ETF (GLD) dropped 2%. Gold fell as investors poured into cash in a flight to safety. – Eric Bolling likes owning gold.
Sotheby's (BID) dropped 5%. The world's second-biggest auction house has given up half its gains this year.– Jeff Macke says play it for a bounce.
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Trader disclosure: On Aug 16 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money; Macke Owns (INTC); (JWN); Najarian Owns (TMA); Najarian Is Short (GS); Najarian Owns (AA) Calls; Najarian Owns Straddles In (ETFC); Bolling Owns Gold; Bolling Is Short (FXI) And Owns (FXI) Put,; Bolling Has Closed Out Of His Long Japanese Yen Futures Trade