Barclays 20 YR Treas. ETF (TLT) popped 4%. The ETF that tracks the performance of Treasurys moved higher on worse than forecast consumer spending and after successful government auctions. - Nice pop, says Tim Seymour.
Wells Fargo (WFC) popped 5%. Rival Bank of America announced plans to close locations making Wells the bank with the most branches, 6,668 in 39 states. - I'm not excited, says Joe Terranova.
Expedia (EXPE) popped 12%. The online travel agency said that bookings were down far less than expected. - I'm hoping it signals strength in the consumer and it's not just a blip on the radar, says Mike Khouw.
DROPS (stocks that slid lower)
Exxon Mobil (XOM) dropped 3%. The firm reported a steeper-than-expected drop in quarterly profit as natural gas and crude oil prices slid from a year ago and the global recession hurt demand for fuel. - Looking ahead, I'd start building a position but in rival Chevron, counsel Mike Khouw.
Pfizer (PFE) dropped 3%. Investors took profits despite a Barron's report that said the stock remained a bargain. - I'd stay away, says Guy Adami.
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