Lear (LEA) popped 9%. The maker of auto seats rose after Ford said June could be the auto industry’s best month since last fall. - To call it a pop doesn't do service to the word pop, chuckles Karen Finerman. The stock is now around 50 cents.
Electronic Arts (ERTS) popped 4%. BofA-Merrill Lynch upgraded the stock to ‘buy’ from ‘hold’, citing strong sales from Sims 3 and other titles.
Advanced Micro Devices (AMD) popped 4%. Investors bid the stock higher on speculation that Apple might switch to chips made by this firm.
DROPS (stocks that slid lower)
Starbucks (SBUX) dropped 5%. NPD Group said specialty coffee sales fell 13% in the second quarter. - I'm starting to like this stock, reveals Pete Najarian.
Manitowoc (MTW) dropped 3%. Doubts about the speed of the economic recovery dragged down many stocks including this one.
CBS Corp (CBS) dropped 4%. Jefferies cuts estimates on the firm, saying the company will most likely miss ‘09 earnings due to continued weakness in advertising.
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Trader disclosure: On June 30th, 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 (C), (GS), (BTU), (AGU), (INTC), (MSFT), (NUE); Terranova Owns (TER), (RIMM), (MSFT), (XBI), (ABT); Finerman Owns (RIG); Finerman's Firm Own (NOK), (PBR), (RIG), (WMT), (FCN), (TBT), (ELX); FInerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Is Short (IJR), (IYR), (MDX), (SPY), (USO); Najarian Owns (F) Call Spread; Najarian Owns (GS) Call Spread; Najarian Owns (INTC) & Short (INTC) Calls; Najarian Owns (JPM) & Short (JPM) calls; Najarian Owns (PALM) Call Spread; Najarian Owns (WNR) & Short (WNR) Calls; Najarian Owns (YHOO) Call Spread