Oil Services ETF (OIH) popped 2%. The oil services ETF moved higher despite a decline in the price of crude oil. - I think it's worth a look, says Joe Terranova.
Lazard (LAZ) popped 3%. Goldman Sachs added the company to its prestigious “conviction buy” list. - I think the stock has a little room higher though most of the run is probably over, says Guy Adami.
MGM Mirage (MGM) popped 6%. Reports suggest Colony Capital is in talks with the casino and could be close to investing in MGM’s CityCenter project. - Interesting, says Tim Seymour.
DROPS (stocks that slid lower)
Morgan Stanley (MS) dropped 12%. Investors worried that after Goldman’s $5 billion public offering this firm could follow suit. - I'd grab it in the low 20's, says Guy Adami.
Wells Fargo (WFC) dropped 7%. Investors dragged down this bank ahead of earnings later this week from rivals JPMorgan and Citigroup. - I'd take a wait and see attitude with this stock, says Tim Seymour.
Hartford Financial (HIG) dropped 13%. Investors bid this and most other life insurance stocks lower, perhaps fearing their exposure to commercial real estate, which Goldman cited as a main factor in its quarterly loss. - Not surprised, muses Karen Finerman.
Best Buy (BBY) dropped 7%. Pali downgraded the company to ‘sell’ from ‘neutral’ and JPMorgan reported March retail sales for the industry fell 9.5%. - I think you could get long with a stop at $34.50, says Joe Terranova.
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Trader disclosure: On Apr 14th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (F), (PBR), (CSCO), (FDX), (TCK), (SWC); Syemour's Firm Owns (RIG); Terranova Owns (X), (KCE), (AMGN), (DELL), (IBM), (BP), (BRCM), (POT); Terranova Owns (DIS) Calls, (COP) Calls, (HES) Calls, (JPM) & (JPM) Calls, (INTC) & (INTC) Calls, (XOM) & (XOM) Calls; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (AXP), (CSCO), (MSFT), (RIG); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Owns (BIIB) Call Spread; Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Is Short (MDY), (SPY), (USO), (BAC), (WFC), (BPO), (ERG); Finerman's Firm Is Short (MDY), (SPY), (USO), (BAC), (WFC), (BPO), (ERG)