Teradyne (TER) popped 6%. Investors gave an ‘A’ to this firm that supplies automatic test equipment. - I like this stock, says Joe Terranova.
Yahoo! (YHOO) popped 2%. Pacific Crest upgraded the company to ‘outperform’ from ‘sector perform’ citing a recovery in advertising. - If ad revenue is picking up, that's great news for these guys, says Tim Seymour.
Keycorp (KEY) popped 20%. RBC Capital upgraded the regional bank to ‘top pick’ from ‘sector perform’ saying risks to the stock are overblown. - I like the big cap names better, explains Karen Finerman.
Micron (MU) popped 10%. Broadpoint AmTech boosted its estimates on the stock. - Prices in memory chips may have bottomed, muses Tim Seymour.
Fifth Third Bancorp (FITB) popped 6%. The bank said it sold a third more stock than previously planned, bringing its sale to $1 billion from $750 million. - I like what's going on in the company, says Pete Najarian.
DROPS (stocks that slid lower)
Abercrombie & Fitch (ANF) dropped 12%. May same-store sales declined a worse-than-expected 28%. - The stock is still expense here, says Karen Finerman. I wouldn't buy it.
Avis Budget (CAR) dropped 7%. UBS downgraded the stock to ‘sell’ from ‘neutral’ citing its high valuation. - On a pull back I think it's buy, says Joe Terranova.
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Trader disclosure: On June 4th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (BX) Call Spread; Najarian Owns (DELL) Calls; Najarian Owns (FCX) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (MOS) Call Spread; Najarian Owns (PALM) Calls; Najarian Owns (WNR) Call Spread; Terranova Owns (FCX), (TER), (XBI), (RIMM), (GENZ); Terranova Owns (X) & (X) Calls; Terranova Owns (BRCM) & (BRCM) Calls; Terranova Owns (DIS) Call Spread; Terranova Owns (POT) & (POT) Calls; Terranova Owns (JPM) & (JPM) Calls; Terranova Owns (BTU) & (BTU) Calls; Terranova Owns (MS) & (MS) Calls; Najarian Owns (ELN) & (ELN) Calls; Finerman's Firm Owns (FLIR); Finerman Owns (TBT); Finerman's Firm Owns (AXYS), (NOK), (PBR), (TBT), (RIG), (WMT), (MRO); Finerman's Firm And Finerman Own (BAC) Preferred Shares And Are Short (BAC); Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Seymour Owns (TTM), (AAPL), (BAC), (BX), (EEM), (FXI), (TSO), (INFY), (MGM), (TIE); Seymour Is Short (NUE); Seymour's Firm owns (MBT)