Transocean (RIG) popped 2%. Earnings topped estimates and oil prices hit a 2009 high. - I like this stock, says Karen Finerman. It's climbed but I still wouldn't say it's expense.
iShares FTSE/CHINA Index ETF (FXI) popped 3%. China's economy is expected to grow 7 percent to 8 percent this year and next, and will begin to recover in 2010, influential People's Bank of China adviser Fan Gang said on Wednesday. - I'm bullish on China but I think the FXI has come too far, says Tim Seymour.
Discover Financial (DFS) popped 13%. Investors bid shares higher after rival American Express said it wouldn’t need additional capital. - I've also seen call buying in this stock, says Pete Najarian. Giddyup!
Philip Morris (PM) popped 5%. Rival British American Tobacco said sales for the first quarter were up from last year. - Smoking was smoking today, chuckles Karen Finerman.
DROPS (stocks that slid lower)
Dow Chemical (DOW) dropped 7%. The largest US chemical maker announced a stock sale to raise cash to pay for its purchase of Rohm & Haas. - I think they could go even lower, speculates Jeff macke.
Las Vegas Sands (LVS) dropped 10%. The casino reported a first quarter loss that was wider than expected.
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Trader disclosure: On May 6th, 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), (GS), (SDS), (AGU), (PCLN), (GE); Seymour Owns (AAPL), (BAC), (F), (FXI), (RIG), (TM), (TSO); Finerman's Firm Owns (BAC) Preferred Shares And Is Short (BAC) Stock; Finerman's Firm Owns (CSCO); Finerman's Firm Owns (MSFT) And (MSFT) Put Spreads; Finerman's Firm Owns (PM); Finerman's Firm Owns (PBR); Finerman's Firm And Finerman Own (RIG); Finerman's Firm And Finerman Own (WFC) Preferred Shares; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Najarian Owns (BX) Call Spread; Najarian Owns (DFS) Calls; Najarian Owns (EWZ) Call Spread; Najarian Owns (FIG); Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MCD) And Is Short (MCD) Calls; Najarian Owns (NVDA) And Is Short (NVDA) Calls; Najarian Owns (TSO) Call Spread; Najarian Owns (XLI) Put Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (XLF) Call Spread; Najarian Owns (BYD) Calls
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