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Stocks On The Move: E*TRADE, Blockbuster, Wendy’s and More


Following are the day’s biggest winners and losers. Find out why shares of Gilead and E*TRADE popped while Wendy’s and Time Warner dropped.



POPS (stocks that jumped higher)

E*TRADE (ETFC) popped 11%. The only brokerage – which has been one of the worst subprime casualties – recovered after CEO Mitch Caplan told CNBC that bankruptcy was not on the table. Najarian: People were buying the options before Caplan’s interview, suggesting someone could still buy the company – just at a higher price now.

China ETF (FXI) popped 2%. An Asian market rally sent Chinese shares higher. Najarian: The Chinese market has been up over the last week, but it hasn’t been without it’s share of volatility.

Ventana Medical (VMSI) popped 6%. The medical diagnostics firm hit an all-time high after it allowed Roche to begin due diligence in its proposed $3 billion takeover bid. Najarian: It’s telling Roche why the bid is too cheap by opening up its books.

MetroPCS (PCS) popped 10%. Shares soared after the low-cost wireless crrier posted third-quarter earnings above expectations. Finerman: The company is probably just glad it didn’t buy Leap Wireless (LEAP).

Gilead (GILD) popped 2%. Analysts at Stifel Nicholas raised their price target for the biotech from $49 to $52. Adami: The real story is the Oct. 2 stock repurchasing plan.

DROPS (stocks that slid lower)

Wendy’s (WEN) dropped 3%. The nation’s no. 3 hamburger chain slipped after one of the company’s biggest investors, Nelson Peltz’ Triarc, offered to buy the company for a lower-than-expected price. Finerman: Peltz’s filing was “pathetic.” It’s hard to even tell what the investor is offering for the company anymore.

Blockbuster (BBI) dropped 6%. The beleaguered movie rental chain sunk lower after investors clamored for more specifics from the CEO regarding the company’s turnaround plan. Macke: This stock is in the gutter at least until the Blu-Ray/HD DVD war is settled. Even then, it’s probably still dead.

Time Warner (TWX) dropped 4%. A 6.2 million block trade sent shares of the media giant down. Adami: Bring back Dick Parsons! The bottom should still be $17.

Och-Ziff (OZM) dropped 6%. Shares of the asset manager dropped a day after its IPO raised $1.15 billion. Finerman: “Boy, did they manager their own assets well.”

United Rentals (URI) dropped 30%. Shares of the construction equipment company imploded as Cerberus considered withdrawing its $4 billion buyout offer. Macke: It looks like Cerberus will pay up $100 million just to get out of the deal. “Move along.”

Disney (DIS) dropped 4%. The Mouse House led the Dow losers Wednesday on no news. Macke: Still long DIS, although not exactly sure why anymore.




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Trader disclosure: On Nov. 14, 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 (DIS), (YHOO), (EMC); Najarian Owns (AMTD) Options, (C) Options, (CSCO) Options, (GOOG) Options, (GS) Options, (XLF) Options, (YHOO) Options, (EMC) Options; Najarian Owns (MER) Options And Is Short (MER); Finerman's Firm And Finerman Own (GS), (KALU); Finerman's Firm Owns (KSS), (NMX), (NYX), (VMSI), (YHOO), (AEO), (PLCE); Finerman's Firm Is Short (SPY), (IYR), (IJR), (MDY); Finerman's Firm Owns (LEH) Puts, (MER) Puts; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns S&P 500 December Puts; Finerman's Firm Owns Russell 2000 December Puts; GE Is The Parent Company Of CNBC; Charles Schwab Is A Sponsor Of Fast Money