Alpha Natural Resources (ANR) dropped 6%. The coal name missed on earnings, as profits fell 77%. Also the company warned its full year sales forecast could be cut. - I wouldn't rush in, counsels Tim Seymour.
Coach (COH) dropped 3%. Lazard downgraded the company to ‘hold’ from ‘buy’ saying fundamentals still haven’t stabilized.
Lowe’s (LOW) dropped 4%. Goldman removed the name from its ‘conviction buy’ list.
SunPower (SPWR) dropped 4%. Investors took profits after the stock gained more than 30% last week.
Mylan (MYL) dropped 13%. Questions about quality control at the company’s West Virginia plant dragged down shares.
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Trader disclosure: On July 27th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (POT), (AA), (BAC), (AAPL), (FXI), (SBUX); Seymour's Firm Is Short (PBR); Najarian Owns (UNH) Calls; Najarian Owns (BTU) Calls; Najarian Owns (BUCY) & Short (BUCY) Calls; Najarian Owns (INTC) Call Spread; Najarian Owns (JPM) & Short (JPM) Calls; Najarian Owns (MS) & Short (MS) Calls; Najarian Owns (MSFT) & Short (MSFT) Calls; Najarian Owns (V) & (V) Short Calls; Najarian Owns (WNR); Najarian Owns (YHOO) Call Spread; Terranova Owns (MCD), (AMZN), (MSFT); Finerman Owns (RIG); Finerman's Firm Owns (MSFT), (NOK), (PBR), (RIG), (TBT), (WMT); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (USO), (IJR), (IYR), (IWM), (MDY), (SPY)