Following are the day’s biggest winners and losers. Find out why shares of CME Group and Philip Morris popped while Ford and Citigroup dropped.
POPS (stocks that jumped higher)
CME Group (CME) popped 12%. A Fox-Pitt Kelton analyst wrote the CME should be the "biggest winner" in the government’s crackdown on unregulated markets. - I'm a excited about the whole thing, exclaims Pete Najarian.
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
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