AIG (AIG) popped 8%. The stock rebounded just one day after a double digit fall yesterday due to negative comments from Credit Suisse. - The dash for trash continues, chuckles Tim Seymour.
Juniper (JNPR) popped 8%. The company said it was happy with demand from its service provider customers and forecast an "uptick at some point."
Royal Caribbean (RCL) popped 8%. Majestic Research said cruise prices are stabilizing and one of the company’s ships, Oasis of the Seas, is generating strong pricing premiums.
UPS (UPS) popped 2%. JPMorgan ugraded the delivery service firm to ‘overweight’ from ‘neutral’.
DROPS (stocks that slid lower)
Palm (PALM) dropped 9%. The smartphone maker revealed a new model called the Pixi, and cut the price of the Pre by $50, a sign of weak sales some analysts say. - I think the problem is that the Pre is tethered to Sprint, muses Pete Najarian.
Barrick Gold (ABX) dropped 6%. The world’s largest producer of gold increased its stock sale to $3.5 billion to unwind its gold hedges. - I'm wondering if other gold producers will feel pressure to do the same, muses Joe Terranova.
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Trader disclosure: On Sept. 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), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (WFT), (SU); Terranova Owns December Gold Futures; Terranova Is Short Dec. Copper Futures; Terranova Owns Oil Futures; Terranova Is Short (CCL); Terranova Works For (VRTS); Najarian Owns (AAPL) & Short (AAPL) Calls; Najarian Owns (BAC) & Short (BAC) Calls; Najarian Owns (C) Calls; Najarian Owns (INTC) & Short (INTC) Calls; Najarian Owns (DFS) Calls; Najarian Owns (FCX), Owns (FCX) Put, Is Short (FCX) Calls; Najarian Owns (JPM) & Is Short (JPM) Calls; Najarian Owns (JOYG) & Short (JOYG) Calls; Najarian Owns (MS) And Is Short (MS) Call; Najarian Owns (MSFT) And Is Short (MSFT) Call; Najarian Owns (PALM) Calls; Najarian Owns (TEVA); Najarian Owns (V) & Short (V) Calls; Najarian Owns (WFC) Put Spread; Najarian Owns (YHOO) Calls; Seymour Owns (AAPL), (BAC), (DIS), (EEM), (FXI), (RIG); Seymour's Firm is Short (GFI)
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