Blackstone (BX) popped 5%. Blackstone was bolstered by the Fed rate cut, which frees up cheaper capital for the private equity firm to get deals done. – Guy Adami says take profit.
Fortress Investment Group (FIG) popped 9%. Like Blackstone before it, the Wall Street firm got a pop thanks to the Fed's move. – Karen Finerman says take profit.
The Warnaco Group (WRNC) popped 15%. The maker of underwear and bathing suits under the Calvin Klein and Speedo brands popped after it said it would be shedding most of it's swimwear brands. – Pete Najarian likes it.
GODTUBE.com. In its ranking of the Top 1000 Websites, comScore found that Godtube -- a faith-based version of YouTube -- was the fastest growing website in August (the first month in which the site was officially launched) growing 973%. – Pete Najarian doesn’t know what to say.
DROPS: (stocks that slid lower)
Carmax (KMX) dropped 15%. You heard it here first: Macke called it the "next subprime shoe to drop." The largest used car dealership in the nation cut its full year forecast on lower sales and higher credit costs. – Jeff Macke says this trade is done.
Comcast (CMSCA) dropped 3%. Investors turned the channel on the cable operator, after its CEO said he was squeezed by competition from telephone and satellite companies. – Karen Finerman says don’t bet against this company.
Sirius Satellite Radio (SIRI) and XM Radio (XMSR) both dropped more than 4%. The two former rivals now attempting to merge were both slashed Wednesday, after a UBS analyst said any benefit to the merger getting approved by the FCC is already built into their stock prices. – Jeff Macke says it’s a bad downgrade.
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Trader disclosure: On Sept. 19, 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 (SWY); Najarian Is Short (ETFC); Najarian Owns (GS) Options; Finerman's Firm Owns (BWS), (COP), (GCO), (NMX), (LTD); Finerman's Firm Owns S&P 500 Puts And Calls; Finerman's Firm Owns Russell 2000 Puts