Yum! Brands (YUM) popped 3%. JPMorgan upgraded the owner of KFC and Taco Bell to ‘overweight’ from ‘neutral’ due to lower commodity prices and cost controls. - I think the stock goes higher, counsels Guy Adami.
Pfizer (PFE) popped 4%. Investors bid up shares as the drugmaker enters Phase 3 trials of its drug Dimebon for patients with Alzheimer’s. - Investors get excited about any drug in Phase 3, explains Pete Najarian.
Piper Jaffray (PJC) popped 18%. The Minneapolis-based investment bank reported a smaller than expected loss of 17 cents a share. - I think it's a firm to keep on your radar, says Guy Adami.
DROPS (stocks that slid lower)
Microsoft (MSFT) dropped 3%. Intel’s hazy outlook dragged down much of the sector including this technology bellwether. - It feels like Groundhog Day to me, chuckles Karen Finerman. I live this day over and over.
Abbott Labs (ABT) dropped 5%. The drug maker missed on first quarter revenues.- That hurts, exclaims Pete Najarian.
Peabody Energy (BTU) dropped 12%. First quarter profits missed analyst estimates. - Coal prices are going higher and fuel prices are going down and that's a bad combination for them, says Jeff Macke.
Starbucks (SBUX) dropped 2%. Deutsche Bank downgraded the java giant to “sell” from “hold” citing McDonald’s entry into the latte and cappuccino market.
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Trader disclosure: On Apr. 15th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WFC), (AAPL), (WMT), (GS), (GE), (SDS), (GCI); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU) ; Finerman Owns (BAC) PreferredFinerman's Firm Owns (CTX), (MSFT), (RIG), ; (PBR), (UNH); Finerman's Firm Owns (BAC) Preferred; (WFC) Preferred; Finerman's Firm Is Short (BAC), (WFC), (MDY), (SPY), (USO); Najarian Owns (BX) Call Spread; Najarian Owns (C) Call Spread; Najarian owns (GS) Calls; Najarian Owns (INTC) Calls; Najarian Owns (JPM) Call Spread; Najarian Owns (PALM); Najarian Owns (RIO) Calls; Najarian owns (VAR) Call Spread; Najarian Owns (XHB) Call Spread