McDonald's (MCD) popped 1%. Ronald and company posted an 8.2% gain in global sales. – I like to buy stocks that go up and I own this one, says Jeff Macke.
Dell (DELL) popped 6%. Although the computer maker said it wouldn't launch its music player before the Holidays, its stock rallied on the coattails of Intel’s technical turnaround. – I can’t understand why Goldman put it on the Conviction Sell List, says Karen Finerman. That makes no sense.
Gilead Sciences (GILD) popped 5%. The company reiterated its 2008 revenue forecast.
DROPS (stocks that slid lower)
DryShips (DRYS) dropped 17%. This shipping company along with the rest of the sector slipped on fear of a prolonged global slowdown. – I think there will be a time to buy but it’s not now, says Karen Finerman.
Citigroup (C) dropped 19%. Although the company plans to cut at least 10,000 jobs investors don’t think it will be enough to boost the bottom line. – Kudos to Oppenheimer strategist Meredith Whitney, she called these levels, says Guy Adami.
Morgan Stanley (MS) dropped 25%. Fox-Pitt Kelton warned the investment bank could post a fourth-quarter loss of 6 cents a share. – I think it goes lower still, says Jeff Macke.
Talbots (TLB) dropped 46%. The apparel maker reported sales figures that left investors somewhere between awful and I feel sick. – That’s not good, sighs Karen Finerman.
Bank Of America (BAC) dropped 20%. The firm assumed $16 billion in Countrywide debt and New York’s Attorney General subpoenaed their executive pay data. – None of the traders would go near it.
Peabody Energy (BTU) dropped 8%. Despite a strong show on Thursday this energy name followed the movement in the price of coal. – I think coal has started to bottom, says Tim Seymour.
CBS (CBS) dropped 19%. The media company dropped despite maintaining its quarterly dividend and reaffirming guidance.
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Trader disclosure: On Nov. 14, 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); Macke Is Short (TM); Macke Owns (MSFT), (UUP), (MGM), (WMT), (MCD); Finerman's Firm Owns (MSFT); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (USO), (BBT), (GNK), (COF); Seymour Owns (AAPL), (BAC), (EEM), (F), (FXI)