Ralcorp (RAH) popped 10%. The maker of store-brand cereals bought Kraft's Post cereal division for $2.6 billion - adding Grape Nuts and Shredded Wheat to its brand line up. – Karen Finerman likes the deal.
Diamonds. A rare flawless diamond, billed as the largest of its kind to ever come up for auction, sold for $16.2 million at a Sotheby's sale in Geneva, Switzerland.
Amgen (AMGN) popped 2%. An analyst upgraded shares of the world's largest biotech, saying the Centers for Medicare and Medicaid Services is open to changing a policy that has eroded sales of Amgen's anemia drugs Epogen and Aranesp.
Safeway (SWY) popped 2%. The grocery chain said its full-year profit would be at the higher end of its forecast. – Jeff Macke recommends the grocers long term.
Advanced Micro Devices (AMD) popped 3%. The world's second-largest maker of processors unveiled a new line of graphics chips made for use in personal computers. – Guy Adami recommends selling the rally.
Washington Group (WNG) popped 8%. Shareholders approved URS deal. - Karen Finerman said she thought they would.
Hasbro (HAS) popped 2% - Shares made gains as the toy maker met with analysts at its Pawtucket, R.I., headquarters. – Jeff Macke likes this stock because parents will always buy toys for their kids.
Car Thieves. In Moscow, crooks nabbed a $775,000 Maybach 57, an ultra-luxury sedan made by Mercedes. According to Russian paper Kommersant the car belonged to "megastar producer" Viktor Markov. They stole it while he was dining.
DROP THEN POP (stocks that slid lower then jumped higher)
Applied Materials (AMAT) dropped 3% at the open then ended little changed on the day. The largest maker of semiconductor-production machines forecast a lower profit than analysts' expected. – Pete Najarian doesn't like this stock.
DROPS: (stocks that slid lower)
Tyco (TYC) dropped 4%. The conglomerate said earnings were down 36% on costs related to Tyco's June split into 3 companies. – Not so good, Karen Finerman said.
Gold ETF (GLD) dropped 3%. Gold fell on speculation the Euro's rally against the dollar may end. – Avoid this falling knife, said Guy Adami.
Van der Moolen Holdings (VDM) dropped 10%. The Dutch financial-services company is closing its unprofitable U.S. specialist business. This comes, after VDM post its sixth straight quarterly loss.
Research in Motion (RIMM) dropped 7%. The Blackberry maker's shares sunk on an analyst's comment that broader economic concerns might impact the company. – Stay away, Pete Najarian said.
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Trader disclosure: On Nov. 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), (ATVI), (SWY), (COH); Najarian Owns (AMTD) Options, (C) Options, (GS) Options, (BHP) Options; Najarian Owns (MER) And Is Short (MER) Options; Finerman's Firm And Finerman Own (GS), (HD), (KFT), (CROX); Finerman's Firm Owns (COV), (KSS), (PLCE), (TYC); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (BEAS) Options; GE Is The Parent Company Of CNBC