Longevity. Scientists have come across a new drug that could extend your life for up to ten years. Researchers have found that soil on Easter Island contains a bacterial product that extends the lifespan of a mice by as much as 14%.
Western Union (WU) popped 6%. Credit Suisse upgraded the firm to ‘outperform’ from ‘neutral.’ - I'd consider a long position even with the pop, says Karen Finerman.
JP Morgan (JPM) popped 3%. A bullish note about the outlook for rival Goldman Sachs lifted shares of this bank as well. - I think the stock will move even higher after they report earnings, speculates Joe Terranova.
Dynegy (DYN) popped 4%. A rejected takeover bid puts the potential for a deal with NRG back on the table. - This stock is not for me, reveals Guy Adami.
Massey Energy (MEE) popped 2%. The coal producer moved in tandem with the spot price of coal, higher. - I think it's a bounce not a long term gain, says Tim Seymour.
DROPS (stocks that slid lower)
Emulex (ELX) dropped 8%. After the chipmaker rejected their $912 million takeover offer, Broadcom said it would no longer pursue the company. - No good, says Karen Finerman.
Merck (MRK) dropped 4%. Investors were spooked by concerns about the company’s cholesterol medicine and separately Natixis downgraded the stock to ‘hold’ from ‘buy’. - I'd get in around $26.50, counsels Guy Adami.
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Trader disclosure: On July 9th, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (RIG); Finerman's Firm Owns (ELX) And (ELX) Puts; Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Owns (DYN), (TGT), (MSFT), (PBR), (WMT); Finerman's Firm Is Short (XRT), (IYR), (IJR), (MDY), (SPY), (IWM), (USO), (USO); Seymour Owns (AA), (AAPL), (BAC), (C), (DBA), (EEM); Seygem Asset Management Is Short (FXI); Seymour Owns (MGM); Seygem Asset Management Owns (DO); Terranova Owns (OIH), (XBI), (ABT), (MSFT), (POT), (RIMM); Terranova Owns Crude Oil Futures
Terranova Works For (VRTS); Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE); (DBC); (DBV) , (ABD) Virtus Investment Partners Owns More Than 1% Of (ABD), (CBL), (CAL), (CLB), (DLR), (EXR), (IGE) (MEE), (DBC), (DBV), (DBA), (SKT), (TNB), (UA), (WBMD) ; Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of St Mary Land & Exploration Co