Kaiser Aluminum (KALU) popped 7%. The metals maker turned red-hot on a Bear Stearns upgrade that cited growth in aerospace & defense demand. – Karen Finerman thinks KALU has huge growth ahead of them.
Circuit City (CC) popped 5%. The electronics retailer surged, along with its competitors -- could it be due to surging demand for Prince's new Wii Tennis racket attachment? – Jeff Macke says CC is a sell.
KB Homes (KBH) popped 5%. KB, and the rest of the homebuilders, continued their monster bounce-back. – Guy Adami says take profits.
Collective Brands (PSS) popped 7%. The parent company of Payless shoes continued its recent run higher. – Karen Finerman likes PSS.
NYSE Euronext (NYX) popped 2%. The exchange popped after its UK-based derivatives business posted its second busiest September ever. – Guy Adami thinks the stock is cheap on a valuation basis.
DROPS: (stocks that slid lower)
Macau Casinos; Wynn (WYNN) dropped 10% and Las Vegas Sands (LVS) dropped 12%.The casino operators crapped out after disappointing growth figures from Macau. – Pete Najarian says there’s currently a lot of selling pressure in these names.
Midway Games (MWY) dropped 5%. Midway, maker of "Area 51" videogames, predicted a larger quarterly loss than expected, due to delays in some of their Playstation 3 titles. – Jeff Macke thinks MWY is overly tied to Sony.
P.F. Changs' China Bistro (PFCB) dropped 3%. The concept restaurant chain guided lower on unexpected costs. – Karen Finerman says stick with Yum!
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Trader disclosure: On Oct 3, 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 (DIS), (HAS), (INTC); Macke Owned (DIS) And (HAS) On 9/10/07; Najarian Owns (BIDU); Najarian Owns (GS) Options; Finerman Owns (GS); Finerman Is Short (WYNN); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (ASD), (BWS), (NYX),(NMX), (BEAS), (PSS), (NVT); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts