McDonald's (MCD) popped 2%. The world's largest restaurant chain said October comps were up 7% on sales of cinnamon rolls and coffee in the U.S. and chicken snack wraps in Europe. – Karen Finerman recommended MCD and YUM as buys.
Ford (F) popped 3%. A rollercoaster ride for Ford which jumped higher at the open on earnings - than sank lower mid-afternoon - only to rally all the way back by the close.
Water. In the first Bush veto override, the U.S. Senate voted overwhelmingly in favor of a $23 billion water infrastructure bill.
Mobile Telesystems (MBT) popped 9% and VimpelCom (VIP) popped 8%. Deutsche Bank raised its price targets for Mobile TeleSystems and competitor VimpelCom after forecasting that Russian mobile subscribers will spend $20 a month in the long term, up from a previous forecast of $13 per month. – Tim Seymour called these stocks an oasis in consumer staples.
Procter & Gamble (PG) popped 2%. Investors flocked to this defensive play during the afternoon plummet.
King Pharmaceuticals (KG) popped 14%. The company behind insomnia drug Sonata and allergy shot Epi-Pen beat analyst expectations on profits and sales. – Guy Adami said, “I think it’s a buy.”
Gafisa (GFA) popped 11%. Brazil's second-largest real estate company raised its revenue forecast. – Tim Seymour called the stock, “a great place to be.”
Restoration Hardware (RSTO) popped 140%. In what might be the most dramatic pop ever featured on Fast Money, high-end home furnishing retailer Restoration Hardware agreed to go private for $267 Million. It’s worth noting shares were down 70% year to date before the pop.
Nike Bauer. Hockey legends Mario Lemieux and Wayne Gretzky have surfaced as potential partners in groups interested in acquiring Nike Bauer, the world's leading maker of skates and other hockey equipment.
DROPS: (stocks that slid lower)
PetroChina (PTR) dropped 6%. The Chinese oil giant recently surpassed Exxon as the world's largest company - but it appears to be having some growing pains. – Tim Seymour felt that this trade was broken.
Oracle (ORCL) dropped 8%. So much for Goldman's "Conviction Buy" list; after being added to the venerable roster on Monday, Oracle dropped today following Cisco and the rest of tech down the tubes. – Guy Adami recommended buying ORCL for a trade.
EMC (EMC) dropped 7%. The tech darling became another one of Thursday’s tech casualties, and slid lower.
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Trader disclosure: On Nov. 8, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (CSCO); Najarian Owns (BHP) Options, (C) Options, (GS) Options, (GOOG) Options, (VMW) Options, Najarian Owns (XLF) Options, (YHOO) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (BEAS), (KSS), (WMT); Finerman's Firm Owns (BIIB) Options; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P Puts; Finerman's Firm Is Short (MDY), (IYR), (IWM), (SPY), (LEH), (MBI); Finerman's Firm Is Short (MER) And Owns (MER) Puts; Finerman's Firm Owns (PLCE), (YHOO), (MSFT); Seygem Asset Management Owns (CSCO), (CCJ), (EEM), (GLD), (MSFT), (SWC), (YHOO), (GFA), (F), (AAPL), (INTC), Gazprom