Following are the day’s biggest winners and losers. Find out why shares of Research in Motion (RIMM), Trimble (TRMB) and Valero (VLO) popped while Ryder Systems (R) and ConAgra (CAG) dropped.
POPS (stocks that jumped higher)
Research in Motion (RIMM) popped 4%. The Blackberry maker continued to shine after smoking earnings on Thursday. – Pete Najarian thinks RIMM is going higher.
Trimble (TRMB) popped 5%. Our unlikeliest Ag-play yet: Shares of the GPS navigation firm rose after an analyst said increased farm spending will boost sales of Trimble's handheld devices, often used by agricultural surveyors. – Stacey Gilbert says she’s a buyer.
Valero (VLO) popped 4%. The nation's largest oil refiner was upgraded at Citi, which said lower ethanol prices would improve Valero's margins in processing the corn-based fuel. – Tim Seymour recommends selling into the upgrade.
AK Steel (AKS) popped 11%. The nation's 3rd largest steelmaker popped after settling a healthcare lawsuit with retirees. – Stacey Gilbert recommends taking profits.
Apple (AAPL) popped 4%. Shares of the iPhone maker climbed after word that Google was, in fact, not making a "G-Phone." – Jeff Macke doesn’t know what to say.
China Digital TV (STV) popped 41%. After rising 75% on its IPO Friday, the Chinese cable systems operator jumped more today. – Tim Seymour says China will make all TV digital by 2010.
DROPS: (stocks that slid lower)
Ryder Systems (R) dropped 7%. The largest U.S. truck leasing company said profit missed estimates due to the housing slowdown. – Jeff Macke says stay away.
ConAgra (CAG) dropped 3%. The company moved lower on no news. – Jeff Macke doesn’t like this stock.
Freeport McMoRan (FCX) dropped 2%. The world's second largest copper producer slipped as copper prices fell almost 3% Monday. – Pete Najarian isn’t concerned.
Hong Kong ETF (EWH) dropped 2%. Hong Kong stocks were led lower by CNOOC and China Mobile on concerns the recent rally might be overheating. – Tim Seymour thinks it’s a respite.
LDK Solar (LDK) dropped 26%. The Chinese solar play got burned after a Barron's story raised questions about their financial reporting. – Pete Najarian says this company was never on his solar “buy” list.
______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.
Trader disclosure: On Oct 8, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Owns (VCLK), Najarian Owns (GOOG) Calls: Seygem Asset Management Owns (AA), (AAPL), (EEM), (GLD), (MSFT), (TIE), (CX), (ITU): Stacey Gilbert Is Chief Options Strategist For Susquehanna Financial Group, LLLP; Gilbert Is Head Of Market Intelligence Research For Susquehanna Financial Group, LLLP; Gilbert Does Not Cover Individual Securities But Does Recommend Trading Strategies; Gilbert Owns (TIE); Susquehanna Financial Group Owns More Than 1% Of (AAPL), (AKS), (BSC), (FCX), (GOOG), (GRMN), (NYX), (PALM), (RIMM); Susquehanna Financial Group Is A Market Maker In (AAPL), (AMZN), (BOBJ), (CSCO), (CTCM), (CETV), (EEM), (EWZ), (EWH), (FXI), (GOOG), (GLD), (GRMN), (MSFT), (PALM), (RIMM), (TRMB), (TLAB), (YHOO)
