PetroChina (PTR) popped 13%. China's largest oil company surged on the crude climb, despite speculation that Warren Buffett may have unloaded shares. – Guy Adami recommends investors take profit.
BP (BP) popped 7%. The oil giant rose as crude reached a new record this week. – Pete Najarian believes oil is going higher.
General Motors (GM) & Ford (F) both popped more than 10%. After the UAW called a truce with GM last week and Chrysler did the same this week, the union troubles for the automakers seem to be fading. – Karen Finerman likes the way events played out.
China Digital TV (STV) popped 48%. IPO mania in China! Shares of this cable tv company have shot up ever since its debut last Friday. – Jeff Macke doesn’t know what to say.
WallStreet.com. The website domain name "WALLSTREET.COM" is going on sale. It may exceed the $9.5 million price tag paid for Porn.com a few months back, according to Bloomberg.
DROPS: (stocks that slid lower)
Boeing (BA) dropped 5%. More Dreamliner production delays sent the airplane maker lower. – Guy Adami says if the stock holds at $93, buy it.
JC Penney (JCP) dropped 9%. A double drop for Penney's: first posting a 4.6% drop in same store sales, and then - adding insult to injury - the retailer recalled 90,000 toys because of lead contamination. – Jeff Macke says it wasn’t a good week for any of the department stores.
SanDisk (SNDK) dropped 9%. The flash drive maker, led chip stocks lower for the week. – Pete Najarian tells the traders to watch this stock because options are on fire.
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Trader disclosure: On Oct 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 (ATVI), (INTC), (JWN), (EMC); Najarian Owns (BEAS), (C), (EMC), (GOOG), (UA); Finerman Owns (C), (GS); Finerman's Firm Owns (COP), (CTX), (GE), (KSS), (LTD), (MSFT), (NVT), (TGT), (WMT), (DAI), (KFT), Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (BEAS); GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC