Pops & Drops: EMC Corp., Target...

Following are the day’s biggest winners and losers. Find out why shares of EMC Corp and American Airlines popped while Hartford Financial and Target dropped.

POPS (stocks that jumped higher)

American Airlines (AMR) popped 11%. This airline along with the entire sector traded inversely with the price of oil. – The airlines are all about oil, says Pete Najarian.

EMC Corp (EMC) popped 9%. Bill Ackman’s Pershing Square took a 40 million share stake in the company, or about 2%. – I also like this stock, says Guy Adami.

Deutsche Bank (DB) popped 19%. The bank reported a surprise third-quarter profit. – The profit was mostly due to changes in accounting rules, explains Tim Seymour.

Colgate Palmolive (CL) popped 7%. Third quarter profits rose 19% and sales jumped even amid price increases.

First Solar (FSLR) popped 24%. The firm beat analysts’ estimates on third quarter earnings and reaffirmed guidance for 2009.

Owens-Illinois (OI) popped 22%. The world's largest maker of glass containers reported third quarter earnings increased 18% year over year.

DROPS (stocks that slid lower)

Hartford Financial (HIG) dropped 53%. The insurer dropped the most in 13 years after reporting its first unprofitable quarter in five years. – They really took it on the chin, says Karen Finerman. I’d stay away.

Target (TGT) dropped 5%. The slide comes one day after hedge fund manager Bill Ackman urged the company to spin off a separate firm that would own the land on which its stores are built. – I think investors sold the news, muses Karen Finerman.

Motorola (MOT) dropped 6%. The firm posted a hefty third quarter loss and announced it will postpone the planned spin-off of the cell phone division. – I’d forget about this stock, says Pete Najarian.

Elan Corporation (ELN) dropped 13%. A patient taking their multiple sclerosis treatment contracted a life-threatening brain illness.

Avon (AVP) dropped 16%. After earnings missed expectations investors sent the stock to a 7-year low.

Lear (LEA) dropped 12%. The world's second largest maker of automotive seats announced a loss of 88 cents a share, which was worse than expected.

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Trader disclosure: On Oct.30, 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 (MS) Calls; Pete Najarian Owns (MSFT) And Is Short (MSFT) Calls; Pete Najarian Owns (PBR); Pete Najarian Owns (TSO) Call Spread; Pete Najarian Owns (YHOO) And Is Short (YHOO) Calls; Pete Najarian Owns (BNI) Put Spread; Finerman's Firm Owns (RIG), (MSFT), (SUN), (TSO), (VLO); Finerman's Firm Is Short (IYR); Finerman's Firm Owns (OIH) Puts; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO), (COF), (BBT); Seymour Owns (AAPL), (BAC), (BX), (F), (MER), (TSO), (CHL); Seygem Asset Management Owns (PBR), (EEM)