Following are the day’s biggest winners and losers. Find out why shares of Palm and Fortress popped while Home Depot and Moody's dropped.
POPS (stocks that jumped higher)
Fortress Investment Group (FIG) popped 10%. This private equity firm along with two others are near a deal to inject $800 million into a small Florida bank, giving them control of a healthy lender that could be used as a vehicle for acquiring more banks. - I think it's worth a look around $5, counsels Joe Terranova.
Palm (PALM) popped 9%. Verizon Wireless said it will carry the company’s much anticipated Pre phone next year. - Good for them but at some point the ride ends, muses Pete Najarian.
CarMax (KMX) popped 10%. Deutsche upgraded the company to ‘buy’ from ‘hold.’
DROPS (stocks that slid lower)
Home Depot (HD) dropped 3%. Investors bid the company lower after a report showed mortgage delinquencies were at record highs. - I like this stock at current levels, says Guy Adami.