China Precision Steel (CPSL) popped 10%. The steel processing company closed higher even though the rest of the steel sector fell.
DROPS (stocks that slid lower)
Lowe's (LOW) dropped 3%. The home retailer slid despite a positive note from Morgan Stanley which prefers the company over rival The Home Depot. – I’d stay away, says Jon Najarian.
Trucking Stocks. Across the board trucking stocks were down today on oil’s rise. – I think it was just time to take money off the table, says Joe Terranova. They had a nice run over the past 10 days.
General Electric (GE) dropped 3%. The conglomerate and parent of CNBC was dragged down much like the rest of the market, on broad credit concerns that hounded the financials. – I think traders were selling the rip, says Pete Najarian. The stock had been up 10%.
MGM Mirage (MGM) dropped 9%. Concerns about travel as well as issues in Macau weighed on this stock. – I’d stay away, counsels Guy Adami.
Starbucks (SBUX) dropped 3%. The java giant grapples with ways to attract new business with more consumers feeling strapped for cash. – I’d take some profits if you own it, says Joe Terranova.
Healthways (HWAY) dropped 22%. The disease-management service provider missed analysts’ estimates. – I’d stay out of this thing, says Pete Najarain.
Cablevision (CVC) dropped 5%. Citigroup cut its rating on the stock saying it is already trading at a premium and faces competition from Verizon Fios. – It pains me to say it but this stock might be worth a look, says Guy Adami.
Hanger Orthopedic (HGR) dropped 10%. The maker of medical devices announced it may sell up to 13.6 million shares.
Leggett & Platt (LEG) popped 2%. The maker of lumbar supports for car seats received an upgrade to “Buy,” from “Hold' due to its decision to divest some of its less profitable businesses.
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Trader disclosure: On Aug 25, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Pete Najarian Owns (CSCO) Call Spread, (RIMM) Call Spread, (TIE) Call Spread; Pete Najarian Owns (AAPL) And Is Short (AAPL) Calls; Pete Najarian Owns (XLF) And (XLF) Puts And Is Short (XLF) Calls; Pete Najarian Owns (LEH) Put Spread; Pete Najarian Owns (MS) And Is Short (MS) Calls; Jon Najarian Owns (AAPL), (C), (RMBS); Jon Najarian Owns (TIE) Calls; Jon Najarian Owns (BRCM) Call Spread; Jon Najarian Owns (LEH) Put Spreads, (STI) Put Spreads; Terranova Owns (YHOO), (AAPL), (RIMM), (SA), (VLO), (EOG), (NOV), (POT), (X), (KOL), (GS), (FCX); Terranova Owns (AIG) Puts
Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.; Phoenix Investment Partners Owns More Than 1% Of (ABD), (ARE), (BRE), (CNTY), (CLB), (OFC), (DLR), (ESS), (EXR), (FL), (IAT), (IGE), (LNET), (MAC), (OIIM), (PSPT), (DBC), (DBV), (SLB), (SKT), (BLV)
Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO; Phoenix Diversifier PHOLIO Owns (IGE), (DBC), (DBV)
GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC