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Pops & Drops: Carnival, Walter Energy...

Following are the day’s biggest winners and losers. Find out why shares of Carnival and Walter Energy popped while Lowe’s and American Airlines dropped.

POPS (stocks that jumped higher)

Carnival (CCL) popped 5%. The cruise line made gains on better-than-expected third quarter earnings and the company also raised its full year forecast. - I'm a buyer at $32.50, counsels Joe Terranova.

Walter Energy (WLT) popped 7%. Investors bid this coal name higher on general hopes of economic recovery and strength in the sector; also nat gas is on the rise. - I like this stock, says Guy Adami.

US Steel (X) popped 5%. BofA/Merrill upgraded the largest US steel producer to ‘neutral’ from ‘underperform’. - Good for them, says Tim Seymour.

CarMax (KMX) popped 10%. The car seller closed higher after beating on earnings citing higher per-vehicle profit.

DROPS (stocks that slid lower)

Lowe’s (LOW) dropped 4%. The second largest home-improvement retailer fell on a cautious outlook and word that it may take up to $100 million in write downs. - I think it's an entry point, says Pete Najarian.

AMR Corp (AMR) dropped 7%. After securing fresh funding last week, the parent of American Airlines fell on word of a 30 million stock sale to raise more money.

UnitedHealth (UNH) dropped 4%. The Senate Finance Committee debated a new bill that could mean big changes for the company.

Conagra Foods (CAG) dropped 2%. Investors took profits after the maker of Hunt’s tomato sauce and Healthy Choice meals beat on earnings and raised full-year outlook.




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Trader disclosure: On Sept. 22nd, 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 And Seygem Asset Management Own (MTL); Seymour Owns (AAPL), (BAC), (VALE); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (C) Calls; Najarian Owns (JPM) And Is Short (JPM) Calls; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (PALM) Calls; Najarian Owns (RNWK) And (RNWK) Calls; Najarian Owns (SII) Call Spread; Najarian Owns (WFC) Put Spread; Najarian Owns (YHOO) Call Spread; Najarian Owns (FCX) And Is Short (FCX) Call; Najarian Owns (CELG); Najarian Owns (CLX) Calls; Terranova Owns (WFT). (F); Terranova Owns (F) Calls And (F) Puts

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE)
Virtus Diversifier PHOLIO Owns (DBC)
Virtus Diversifier PHOLIO Owns (DBV)
Virtus Investment Partners Owns More Than 1% Of (CAL)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (SKT)
Virtus Investment Partners Owns More Than 1% Of (TNB)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (CLB)

For David Goldberg
UBS Securities Has Received Compensation From (DHI), (PHM) In Past 12 Months
(DHI), (PHM) Is Or In Past 12 Months Has Been An Investment Banking Client Of UBS Securities
(DHI), (PHM) Is Or In Past 12 Months Has Been A Non-Investment Banking Client Of UBS Securities (Securities-Related Services)

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