Huntington Bancshares (HBAN) popped 2%. Goldman upgraded the bank to ‘neutral’ from ‘sell’ - Maybe it goes to $4.50 but that's it, speculates Guy Adami.
Crocs (CROX) popped 16%. Piper Jaffray noted some promising signs from the company including cost controls. - Jeff Macke doesn't know what to say!
DROPS (stocks that slid lower)
Visa (V) dropped 4%. The credit card company reported travel spending fell in the first quarter as vacationers modified their plans to save money. - Hmmm, says Karen Finerman.
FedEx (FDX) dropped 2%. JPMorgan reduces its price target to $60 from $66. - I'm looking for this stock to pull back more, says Guy Adami.
SPDR S&P Homebuilders (XHB) dropped 3%. Investors bid the sector lower as mortgage rates began to climb. - No one is buying a house, exclaims Jeff Macke. Do the math and avoid the homebuilders.
American Express (AXP) dropped 4%. Investors took profits after the stock popped earlier in the week on TARP repayment. - I think Visa dragged them down, adds Karen Finerman.
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Trader disclosure: On June 11th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (BTU), (MSFT), (NUE); Macke Owns (BAC), (AGU), (USO), (SDS); Finerman Owns (RIG), (TBT); Finerman's Firm Own (NOK), (PBR), (RIG), (TBT); Finerman's Firm Is Short (BAC); Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; FInerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Terranova Owns (TER), (SDS), (XBI), (ABT), (RIMM), (GENZ); Terranova Is Short (RIG), (OIH), (FCX); Terranova Is Short (XOM) Call Spread; Terranova Owns (BRCM) & (BRCM) Calls; Terranova Owns (MS) & (MS) Calls; Terranova Owns (HES) & (HES) Calls; Terranova Owns (DIS) Call Spread; Terranova Owns (X) & (X) Calls; Terranova Owns (JPM) & (JPM) Calls; Terranova Owns (POT) & (POT) Calls; Terranova Owns (IBM) & (IBM) Calls