Rambus (RMBS) popped 6%. The chip technology maker rose on reports of a possible takeout by Sun Microsystems. – Pete Najarian says options volume suggests to him that RMBS could be a takeover target.
Sirius (SIRI)and XM Satellite (XMSR) popped 3%. Shares surged Wednesday on speculation their merger announced in February may finally go through. - Jeff Macke thinks the stock could move much higher.
Joseph A Bank (JOSB) popped 4%. Shares of the men's retailer appear to be in vogue with investors Wednesday, after they beat estimates on a 17% rise in profit.- Karen Finerman says the consumer is not dead!
Skechers (SKX) popped 9%. Looks like that Ashlee Simpson ad campaign is paying off -- shares of the sneaker seller climbed on an upgrade. – Guy Adami says Simpson changed everything.
Orbitz (OWW) popped 6%. Shares of the online travel agent gained altitude after a Goldman Sachs analyst initiated coverage with a "Buy" rating. – Jeff Macke doesn’t like this stock.
Life Expectancy popped. The government released new figures, showing the life expectancy of an average America is now 78 years, the highest in US history.
POP AND DROP
Ericsson (ERIC) popped 3% while Nokia (NOK) dropped 3%.Nokia, fell on a bad forecast from Texas Instruments which makes chips for cell phones, yet Ericsson emerged unscathed, it even gained a few points.
DROPS: (stocks that slid lower)
SanDisk (SNDK) dropped 5%. The electronics and gadget maker slid Wednesday - perhaps their new "Sansa View" isn't the iPod killer after all. – Pete Najarian expects the stock to go higher.
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Trader disclosure: On Sept. 12, 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 (HAS), Najarian Is Short (GS), Finerman's Firm Owns (DVA), (WMT), (COP), (JNJ); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; NBC Universal Is The Parent Company Of CNBC