Pops & Drops: ExxonMobil, RIMM...

Following are the day’s biggest winners and losers. Find out why shares of Exxon Mobil and Pacific Sunwear popped while RIMM and Deere dropped.

POPS (stocks that jumped higher)

Exxon Mobil (XOM) popped 10%. The oil titan received an upgrade from Oppenheimer to “outperform.” – The energy names are worth a look, says Joe Terranova.

ING (ING) popped 21%. The Dutch government injected $13 billion into the bank to strengthen its cash position. – This could be the bottom, says Tim Seymour.

Pacific Sunwear (PSUN) popped 5%. Though they’re much smaller, rival Adrenalina made a bid to buy the struggling company. – I don’t think it means much, says Karen Finerman.

Cisco Systems (CSCO) popped 6%. Morgan Keegan upgraded the stock to ‘outperform’ from ‘market perform,’ saying the company is well-positioned to withstand the economic downturn. – I like this stock, says Pete Najarian.

Mosaic (MOS) popped 16%. Market speculation suggests Cargill could increase its ownership stake in the company.

DROPS (stocks that slid lower)

Research In Motion (RIMM) dropped 9%. Morgan Keegan cuts its sales and earnings estimate for the company citing the worldwide economic decline. – This stock is under significant pressure for a reason, says Joe Terranova. I would stay away.

Deere & Co. (DE) dropped 2%. Morgan Stanley downgraded this maker of farm equipment to “equal weight” from “overweight.” – This stock has been brought out to the woodshed, exclaims Pete Najarian.

Hasbro (HAS) dropped 4%. This toymaker along with rival Mattel skidded lower on concerns about consumer spending this Holiday season. – It’s going to be a sad Holiday, says Tim Seymour.

General Growth Properties (GGP) dropped 13%. The WSJ reported that the company may sell up to $2 billion in preferred shares. – Shopping malls are not where you want to be, says Karen Finerman. As an investor, that is.

Prudential (PRU) dropped 2%. Goldman cut its rating on the company, citing write-downs from exposure to mortgage-backed securities.

Hormel (HRL) dropped 11%. The maker of Spam reduced its full year earnings estimate due to higher costs. – I would avoid this stock at all costs, says Joe Terranova.





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Trader disclosure: On Oct.20, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money trader; Finerman Owns (GS), (MRK), (JNJ); Finerman's Firm Owns (MSFT); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (USO), (BBT), (COF), (IWM); Finerman's Firm Owns (OIH) Puts; Finerman's Firm Owns (NKE) Calls; Seymour Owns (AAPL); Seymour Owns (CCJ); Seymour Owns (MER); Seygem Asset Management Owns (FXI), (VIP); Najarian Owns (AAPL) And Is Short (AAPL) Calls; Najarian Owns (ADM) And (ADM) Call Spread; Najarian Owns (EMC) And Is Short (EMC) Calls; Najarian Owns (FCX) And Is Short (FCX) Calls; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MSFT) Calls And Is Short (MSFT) Puts; Najarian Owns (SNDK) And Is Short (SNDK) Calls; Najarian Owns (BNI); Najarian Owns (TSO) Calls And Is Short (TSO) Puts; Terranova Owns (AAPL), (EXM), (FCX), (FTO), (MA), (NOV), (POT), (X), (VLO); Terranova Owns Dec. Crude Oil; Terranova Owns Dec. Gold;

Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV;

Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (CNW), (OFC), (DLM), (DRH), (DLR), (EPR), (EXR), (FL), (SLB), (LNET), (MAC), (DBC), (DBV), (SKT), (UA), (BLV), (VV), (CLB), (GWX), (IGE), (FSMXX); Virtus Investment Partners Owns Seagate Tax Refund Rights; Virtus Investment Partners Owns Seagate Technology Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of Shares Of Incitec Pivot Ltd.; Virtus Investment Partners Owns More Than 1% Of Shares Of Essex Property Trust Inc.