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Stocks On The Move: Mastercard, Nortel, XM and More

POPS (stocks that jumped higher)

Archer Daniels Midland (ADM) popped 7%. The world’s largest grain producer posted a 9% profit gain with higher wheat and soybean sales offsetting lower ethanol prices. Najarian: This is a great opportunity to sell ADM.

Church & Dwight (CHD) popped 9%. The maker of Trojan condoms and the Arm & Hammer line of household products posted a 34% jump in profits and raised full year guidance. Adami: A good stock that just got a little rich. Buy it on a pullback.

Nortel Networks (NT) popped 18%. North America’s largest telecom equipment maker posted its first profit in five quarters, signaling the CEO might be turning things around. Najarian: The company looks like it’s taking good advantage of the wireless business.

Mastercard (MA) popped 7%. Deutsche Bank upgraded the credit card giant, saying it could go to $250 per share in light of last week’s explosive earnings. Finerman: It’s already flirting with $200. There’s more upside to go.

Jacobs Engineering (JEC) popped 5%. The nation’s second-largest engineering services company said profit was up 43%. Adami: The infrastructure buildout story is still there and JEC is a direct play on that.

XM Satellite Radio (XMSR) popped 12%. CNBC’s David Faber reported that XM’s merger with Sirius (SIRI) looks like it will get done by year’s end. Macke: A good sign but still not early enough for the holidays. Sirius is the better stock.

IndyMac Bancorp (IMB) popped 10% then dropped 2%. The second-largest independed U.S. mortgage lender reported a loss five times bigger than the company forecast but the CEO reassured investors saying the company would survive the mortgage meltdown. Finerman: Investors don’t know what they’re getting and should stay away.

Tenet Healthcare (THC) popped 22%. The nation’s second largest publicly traded hospital chain surged as revenue per patient admitted rose 8%. Najarian: This stock was at $8 not long away. It may have popped today, but it’s certainly been known to drop.

Beazer Homes (BZH) popped 10%. Shares of the beleaguered homebuilder rallied after a powerful shareholder group called for the CEO’s ouster. Finerman: A new CEO won’t be enough to fix their enormous set of problems.

DROPS (stocks that slid lower)

NBTY (NTY) dropped 5%. The maker of Nature’s bounty, Osteo Bi-Flex and other nutritional supplements met estimates but investors took the shares down. Macke: NBTY, Herbalife (HLF) and NutriSystem (NTRI) are all down but McDonald’s (MCD) is making all-time highs? “America is fat and happy about it.”

Molson Coors (TAP) dropped 2%. The beer maker bombed as profit was hit by charges related to the closing of one of its Canadian breweries. Macke: The CEO said sales trend will be stronger – a good reason to buy the stock on dips.

Copper Tire & Rubber (CTB) dropped 14%. Tires tumbled as sales of the second largest tire maker missed sales and profit estimates. Adami: CRT Capital got it right when it initiated a sell on Cct. 19 with $17 price target.



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Trader disclosure: On Nov. 6, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Jeff Macke owns (YHOO), (INTC), (ATVI); Pete Najarian owns (CY), (BHP), (CSCO), is short (MBI), owns options in (BHI), (BIDU), (C), (FMCN), (GOOG), (HAL), (YHOO); Finerman’s firm owns Russell 2000 Puts, S&P 500 Puts, (CROX) options, (MSFT) options, (LEH) puts, is short (MER) and owns (MER) puts, (TSO), (TWX), (YHOO), is short (MDY), (IJR); Finerman’s firm and Finerman own (GS)