AIG (AIG) dropped 35%. Citi said the company has zero equity, following a 1-for-20 reverse stock split last week. - Tim Seymour doesn't know what to say.
Microsoft (MSFT) dropped 4%. Despite the success of Bing, investors bid the stock lower after rival Google announced it will develop a new PC operating system. - I got back into this stock on Friday, reveals Joe Terranova.
Saks (SKS) dropped 16%. Although the luxury retailer initially popped after reporting a decline in sales that were better-than-expected, investors later worried that the relatively strong results may have been generated by a one time designer sale. - I like it around $3.50, counsels Guy Adami, but not at current levels.
First Solar (FSLR) dropped 7%. With a decline in crude sending prices at the pump lower, interest in alternative energy waned. - If you watch the show regularly, I hope you anticipated the move, chastises Tim Seymour
Chevron (CVX) dropped 5%. The oil giant said earnings from refining fuel will be far lower versus the first quarter largely due to significantly lower refining margins.
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Trader disclosure: On July 10th, 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), (MSFT), (NUE), (BTU); Finerman's Firm Owns (MSFT), (PBR); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (RIG); Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (SPY), (USO), (BWA), (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm And Finerman Own (FLS); Seymour Owns (TSO); Terranova Owns (TER), (FTO), (SUN), (RIMM), (MSFT); GE Is The Parent Company Of CNBC
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); 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 St Mary Land & Exploration Co; Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights