Stocks On The Move: GM, Disney, Wynn and More

Following are the day’s biggest winners and losers. Find out why shares of Xerox and VeriSign popped while GM dropped.

POPS (stocks that jumped higher)

Xerox (XRX) popped 2%. The company announced its first dividend in six years along with a robust outlook because of higher demand for its color-copier equipment and services. Adami: The stock has been for six years as HPQ has been dominating the market.

Microsoft’s (MSFT) Zune is the top selling digital music device on Amazon.com, outselling Apple’s (AAPL) iPod. Najarian: The high-end 80 gigabyte Zune is now sold out. Bad news for Apple?

Intercontinental Exchange (ICE) popped 3%. The derivatives exchange went higher after a Barron’s article said there was no slowdown in takeovers among exchanges. Finerman: This shows the rally in the exchanges isn’t over.

VeriSign (VRSN) popped 2%. The electronic transaction firm jumped. Najarian: A new CEO and a new focus on its core business, internet security, is great news for the stock.

DROPS (stocks that slid lower)

E*TRADE (ETFC) dropped 13%. Although there was speculation Ameritrade was eyeing ETFC’s retail unit, shares of the subprime casualty continued to fall. Finerman: The coast is not clear yet. Don’t touch ETFC.

Wynn Resorts (WYNN) dropped 7%. The casino giant plummeted after Barron’s printed an article questioning whether casino stocks with Macau exposure are at bubble levels. Najarian: Emerging markets are hurting WYNN.

Genesco (GCO) dropped 24%. Its CEO denied allegations by investment bank UBS AG that the shoe and hat retailer defrauded UBS after agreeing to the $1.5 billion takeover. Finerman: If you feel compelled to invest in GCO, be smart and trade in options only.

Dillard’s (DDS) dropped 5%. The retailer continued its monster slide for the year, down 50% YTD. Macke: Another retail stock that should be avoided.

Emerging Markets ETF (EEM) dropped 4%. The subprime fallout and the global source of cheap money – the yen carry trade – is becoming less profitable and investors are shunning risk, as evident in the emerging markets. Adami: Trading in emerging markets carries a lot of risk. These stocks go down twice as fast as anything else.

Disney (DIS) dropped 4%. The Mouse House took a tumble along with all the media stocks. Macke: The stock should come back eventually but … ouch.

GM (GM) dropped 8%. The world’s largest automaker introduced a slew of year-end discounts to clear out inventory, sending shares down. Adami: Incentive plans are never a good sign. GM is a “widow maker.”

Tween Brands (TWB) dropped 13%. The teen retailer cut its profit outlook, seeing a slower holiday season. Macke: More evidence of the harsh times for specialty retail.




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Trader disclosure: On Nov. 19, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Finerman's Firm Owns S&P 500 Options, Finerman's Firm Owns Russell 2000 Puts, Finerman's Firm Is Short (IWM), Finerman's Firm Is Short (MDY), Finerman's Firm Is Short (SPY), Finerman's Firm Is Short (IJR), Finerman's Firm Is Short (IYR), Finerman's Firm Owns (BIIB) Options, Finerman's Firm And Finerman Own (GS), Finerman's Firm Owns (HD) And (HD) Puts, Finerman Owns (HD), Finerman's Firm Owns (KSS), Finerman's Firm Is Short (LEH) And Owns (LEH) Puts, Finerman's Firm Is Short (LEN), Finerman's Firm Owns (LTD), Finerman's Firm Owns (MSFT) Options, Finerman's Firm Owns (TWX), Finerman's Firm Owns (YHOO), Finerman's Firm Owns (WMT), Finerman's Firm Owns (NDAQ), Finerman's Firm Owns (NYX), Finerman's Firm Owns (NMX) Options, Finerman's Firm Owns (BEAS) Options, Macke Owns (DIS), Macke Owns (YHOO), Najarian Owns (AMTD) Options, Najarian Owns (CSCO) Options, Najarian Owns (YHOO) Options, Najarian Owns (GOOG) Options