Nokia (NOK) popped 1%. The second biggest maker of wireless networks bounced back. You might remember that Pete gave an assist yesterday to an e-mailer. – Pete Najarian is quite bullish on this name. (Read Tuesday’s Money Mail)
Freeport McMorRan (FCX) popped 4% The miner climbed higher after gold and copper closed up on the day. – Pete Najarian says forget gold and go for copper.
Akamai (AKAM) popped 4%. The company, who's software helps move information around the internet more quickly, received an upgrade. – Jeff Macke doesn’t like this stock.
Baker Hughes (BHI) popped 5%. Pete spotted some Options Action in this oil services name Tuesday -- and shares were off and running on no new news.
Google (GOOG) popped 2%. Google surpassed Johnson & Johnson in market cap today, making it the 10th largest company (by market cap). – Tim Seymour says “the beat goes on!”
DROPS: (stocks that slid lower)
Alcoa (AA) dropped 3%. Shares of the world's second largest aluminum company melted as earnings disappointed. – Tim Seymour says Alcoa’s struggling with electricity costs.
International Paper (IP) dropped 2%. The paper giant fell after it issued a profit warning. – Karen Finerman says that’s hardly a drop.
PetSmart (PETM) dropped 4%. Shares of PetSmart landed in the doghouse after it lowered profit expectations. – Jeff Macke recommends buying this stock under $30.
Turkcell (TKC) dropped 5%. The largest mobile phone company in Turkey, slid on Monday. You might remember Tim Seymour believed it was overpriced and said as much on “Fast Money”. – Tim adds Turkey’s government is subsidizing other companies to help build out their networks.
I-Robot (IRBT) dropped 8%. Maker of Roomba, Scooba and also military robots, the company short-circuited after announcing a 3rd quarter pretax loss - due to a vacuum cleaner production delay. – Karen Finerman says she can’t get on board.
Western Union (WU) dropped 3%. The money transfer services company dropped, after an analyst downgrade. – Karen Finerman likes this company.
TempurPedic International (TPX) dropped 7%. Canaccord Adams Ltd. analyst Stephen Colbert said ``Sales trends slowed dramatically'' for the maker of luxury mattresses after Labor Day.” – Jeff Macke tells the panel this stock is a sell.
Morgan's Quant Fund. According to Bloomberg News, Morgan Stanley, the world's second- biggest securities firm, said its quantitative strategy traders lost $390 million during a single day in August as their computer models failed to account for “widespread'' investor selling.
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Trader disclosure: On Oct 10, 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), (INTC); Pete Najarian Owns (LXK), (ZMH), (VCLK), (GOOG); Finerman's Firm And Finerman Own (TEL), (TYC); Finerman's Firm Owns (COP), (DAI), (MSFT), (NVT), (TGT), (WMT), (YHOO): Finerman's Firm Owns S&P 500 Puts: Finerman's Firm Owns Russell 2000 Puts; Seygem Asset Management Owns (AA), (F), (GLD), (IRBT), (MSFT), (SBUX), (SSL): Seygem Asset Management Is Short (TKC); Lukoil Trades Over The Counter In The U.S. But Trades On The Exchange In London; Jon Najarian Owns (GOOG), (YHOO), (BHI)