Philip Morris (PM) popped 7%. All week investors rotated out of financials and technology into more defensive stocks such as this one. - Good for the portfolio, bad for your lungs, chuckles Karen Finerman.
Mossaic (MOS) popped 13%. This fertilizer maker as well as its rivals all surged higher on speculation demand will pick up in the ag sector.
Pfizer (PFE) popped 6%. A Credit Suisse analyst suggested the world's largest drugmaker would likely increase its dividend payment after it completes its acquisition with Wyeth.
DROPS (stocks that slid lower)
Ford (F) dropped 11%. The automaker announced plans to sell 300 million shares to raise cash and pay its retiree health benefits with some of the proceeds. - Goldman raised their price target to $7.50, explains Guy Adami. If you want to own an automaker, it should be this one.
Citigroup (C ) dropped 12%. Investors took profits this week after the two month long run up. - They raised $2 billion in non-government backed paper, adds Tim Seymour. That's good news.
Barclays (BCS) dropped 5%. The UK bank revealed it has received many interested buyers of its asset management business.
MSCI US REIT Index (RMZ) dropped 13%. The index that tracks US real estate investment trusts slipped amid concerns that major woes in commercial real estate could still be looming.
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Trader disclosure: On May 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; Seymour Owns (DRYS), (RIMM), (RIG), (TSL), (F), (AAPL), (BAC), (BX), (EEM), (FXI), (TSL); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman's Firm Owns (PBR), (RIG); Finerman's Firm Owns (BAC) Preferred, (WFC) Preferred; Finerman's Firm Is Short (XRT), (BAC), (WFC); Najarian Owns (CELG); Najarian Owns (AMD) Calls; Najarian Owns (BX) Calls; Najarian Owns (INTC) Calls; Najarian Owns (MOS) Call Spread; Najarian Owns (XHB) Call Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (XLU) Calls