Stocks On The Move: ICE, WellCare, Celgene And More

Following are the day’s biggest winners and losers. Find out who rose, who fell and why it matters.




POPS

“Big Papi” David Ortiz of the Boston Red Sox helped the AL Champs dominate the Colorado Rockies 13-1 in Game One of the World Series. Adami: The Rockies aren’t done yet. He predicts they will “spank” Curt Schilling and the Red Sox in Thursday night’s Game Two.

DROPS

Intercontinental Exchange (ICE) dropped 4%. Automated trading and higher volatility helped profits rise 53% but it wasn’t enough to impress the Street. Adami: This stock was due for a pullback. It’s worth owning whenever it’s down.

NII Holdings (NIHD) dropped 19%. The Latin American mobile phone provider added fewer subscribers than expected last quarter. Najarian: China Mobile (CHL) has more subscribers per quarter than NII has all year. “That’s why they’re a drop.”

WellCare (WCG) dropped 63%. The company, which manages certain Medicaid programs for the government, imploded after the FBI raided its offices. Adami: If the FBI invades a company you own, it is logical to get out. WCG will probably go even lower.

Zimmer Holdings (ZMH) dropped 15%. Sales of the artificial hop and joints maker were slammed as costs related to settle a government investigation knocked profits down 76%. Macke: This one won’t stay down for long. America is aging and ZMH fits right in. But it as it comes down.

Celgene (CELG) dropped 9%. The maker of blood cancer drugs fell after missing revenue estimates due to a leveling off of Revlimid sales, its biggest product. Najarian: This pullback makes CELG an even more attractive takeover candidate.

Big Lots (BIG) dropped 17%. The retailer of overstocked items plunged after cutting its Q3 sales estimate. Finerman: Short BIG all the way down.

DROP THEN A POP

Potash (POT) popped 5%. The world’s biggest fertilizer fell at the open on earnings, but it opped to an all-time high by afternoon after the company halted new sales because a flood in Russia might constrict supply to entire fertilizer market. Macke: POT has a virtual monopoly on a product used worldwide. Once investors realized that, the stock went higher because a supply constriction would mean higher fertilizer prices.


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Trader disclosure: On Oct 25, 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 (INTC), (ATVI), (EMC), (YHOO); Najarian owns (UA), (DISH), (GOOG), (YHOO), (MSFT) Options; Finerman’s firm and Finerman own (GS); Finerman’s firm owns Russell 2000 Puts, S&P 500 Puts, (NMX), (NYX), (MSFT), (BEAS), is short (BIG), (MER); Finerman owns (C)