BHP Billiton (BHP) dropped 5%. ING cut its rating on the company to ‘hold’ from ‘buy.’ - 10% lower I'd get long, says Tim Seymour.
Bank Of America (BAC) dropped 10%. Investors appeared concerned about dilution after the firm said it would sell up to $1.25 billion shares of common stock. - I think it's a buy, but not yet -- around $8.50, counsels Guy Adami.
BB&T (BBT) dropped 5%. Investors punished the stock once again, after the regional bank announced a $1.5 billion stock offering to repay TARP funds. - I'm bearish on banks because of the government involvement, says Steve Cortes.
Liz Claiborne (LIZ) dropped 26%. The fashion company reported a worse than expected loss due to weak sales. - I don't have anything good to say so I'm not going to say anything at all, bristles Jeff Macke.
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Trader disclosure: On May 13th, 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 (F), (WFC), (HRS), (TGT), (WFC), (SKF), (SDS); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (PBR), (TSL), (TSO); Seymour Is Short (NUE); Cortes Owns The Yen; Cortes Owns (GS)
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