Brown-Forman (BF.B) popped 6%. The maker of Jack Daniel's whiskey and Southern Comfort, posted a much better-than-expected quarterly profit on Wednesday, helped by lower expenses. - I like this stock with a stop around $44.29, counsels Joe Terranova.
Manitowoc (MTW) popped 3%. Stern Agee upgraded the maker of cranes to ‘buy’ from ‘neutral’ saying its food service unit should see improved demand. - Interesting, says Guy Adami.
Take-Two Interactive (TTWO) popped 8%. The company reported a slightly smaller-than-expected quarterly loss and topped revenue forecasts. - They also settled a lawsuit, adds Karen Finerman.
Las Vegas Sands (LVS) popped 4%. The casino secured commitments to raise up to $600 million through the sale of bonds. The financing would "enhance our current liquidity position and further our efforts toward reaching long-term financial stability," Chief Executive Sheldon Adelson said in a statement. - I think LVS could go higher still, speculates Guy Adami.
DROPS (stocks that slid lower)
Lloyds Banking (LYG) dropped 5%. This Britain-based bank moved lower along with its rivals as financials sold off across the pond. - Pete Najarian doesn't know what to say.
SPDR S&P Homebuilders ETF (XHB) dropped 2%. After touching 10-month highs last month, the sector has been shrugging off relatively positive news. - In the space I'd look at DR Horton, suggests, Joe Terranova.
Mom Jeans. LL Bean, the retailer best known for its backpacks, hiking boots and high-waisted, wrinkle-free “mom jeans” is turning over a new leaf. The 98-year old company is bringing in an experienced designer to make a more ‘relevant’ line set to launch next year.
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Trader disclosure: On Sept. 2nd, 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); Terranova Owns (AMZN), (FCX), (QCOM), (POT), (WFT), (SU); Terranova Is Short (TM); Terranova Owns (GS) Puts; Terranova Owns Gold Futures; Terranova Works For (VRTS); Finerman Owns (RIG); Finerman's Firm Owns (MSFT), (NOK), (WMT), (RIG), (TGT); Finerman's Firm Owns (WFC) Preferred Shares And Is Short (WFC), Finerman Owns (WFC) Preferred Shares ; Finerman's Firm Owns (BAC) Preferred Shares, Finerman Owns (BAC) Preferred Shares And Owns (BAC); Finerman's Firm Is Short (USO), (IJR), (MDY), (IWM) ; Finerman's Firm Owns (AXL) Calls; Najarian Owns (BAC) & Short (BAC) Calls; Najarian Owns (BUCY) & Short (BUCY) Calls; Najarian Owns (FCX), Owns (FCX) Put, Is Short (FCX) Calls; Najarian Owns (JPM) & Is Short (JPM) Calls; Najarian Owns (MS) And Is Short (MS) Call; Najarian Owns (MSFT) And Is Short (MSFT) Call; Najarian Owns (MOS) Call Spread; Najarian Owns (PALM) Calls; Najarian Owns (TXT) Call Spread; Najarian Owns (TEVA); Najarian Owns (V) & Short (V) Calls; Najarian Owns (WFC) Put Spread; Najarian Owns (YHOO) Calls; Najarian Owns (IPI) Calls; Najarian Owns (OXPS) Calls
Gartman's Funds Are Long Gold In Terms Of Currencies
For John Hyland:
Hyland is Sponsor & General Partner of USO, UNG, USL, UGA, UHN
For Kimberly Greenberger:
A suit by AEO against Citigroup Is Currently Pending in Federal Court
Citigroup Owns (ARO)
Citigroup has received compensation from (GPS)
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Citigroup has received compensation from (AEO)
Citigroup has had (AEO) as a client in past 12 months
Citigroup has had (GPS) as a client in past 12 months
Citigroup has had (JCG) as a client in past 12 months
Citigroup has had (LTD) as a client in past 12 months
Citigroup has had (PLACE) as a client in past 12 months