DROP (stocks that slid lower)
Mattel (MAT) dropped 1%. Beleaguered toy company Mattel fell as much as 3% Monday morning, after earnings were hurt by $40 million in charges linked to the Chinese toy recalls. – Jeff Macke likes HAS more.
Medtronic (MDT) dropped 11%. Shares of the electronic heart devices maker plummeted after the company announced it would halt the sale of wires for implantable defibrillators because of potential malfunction. – Pete Najarian says stay away.
Sallie Mae (SLM) dropped 4%. The buyout group that had offered to buy Sallie Mae back in April for $25 Billion proposed both sides walk away from the deal. – Karen Finerman doesn’t think the conflict will be resolved quickly. She says walk away.
Eaton Corp. (ETN) dropped 4%. The world's second- largest maker of hydraulic equipment posted higher 3rd quarter profits, but cut its 4th quarter outlook. – Guy Adami recommends watching Honeywell earnings in 4 days to see if the Q4 cut is industry-wide or specific to ETN.
NYMEX (NMX) dropped 3%. The commodities exchange dipped, along with most exchange stocks. – Karen Finerman thinks the stock is just breathing a little.
Airlines (.XAL) dropped 1.5%. Airline stocks lost altitude ahead of earnings as oil leapt to a record close. AMR and DAL report this week. – Guy Adami recommends selling.
Level 3 (LVLT) dropped 11%. The communications company dropped after the company said it was looking to replace its CFO. – Pete Najarian doesn’t expect a pop until they find new management.
Regional Bank ETF (KRE) dropped 3%. The regional banks got slammed ahead of their earnings. – Guy Adami is now worried about USB earnings coming out Tuesday.
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Trader disclosure: On Oct 15, 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 (HAS), (INTC); Najarian Owns (BBW), (C), (CY), (GOOG), (SIRF); Finerman Owns (GS), (C); Finerman's Firm Owns (COP), (GE), (KFT), (NMX), (NYX), (NVT), (MO), (PLCE); Finerman's Firm Owns Russell 2000 Index Puts; Finerman's Firm Owns S&P 500 Index Puts; Finerman's Firm And Finerman Own (FLS); GE Is The Parent Company Of CNBC