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Pops & Drops: Newmont Mining, Wells Fargo...

Following are the week’s biggest winners and losers. Find out why shares of Newmont Mining and Wells Fargo popped while Acorda Therapeutics and iShares 20 Year Treas. ETF dropped.

POPS (stocks that jumped higher)

Newmont Mining (NEM) popped 10%. This miner followed the spot price of gold higher, which was buoyed by a convergence of factors including the dollar's decline, technical buying and inflation fears. - I like FCX better, says Guy Adami.

Wells Fargo (WFC) popped 11%. Investors ignored a bearish report from UBS in favor of a bullish one from Goldman which singled out Wells for an upgrade as it raised its rating on the large-bank sector to attractive. - Goldman wins, chuckles Tim Seymour.

Macy’s (M) popped 10%. Stronger than expected same-store sales numbers released Thursday fueled hopes that the upcoming holiday season may not be quite so bad. - It's not going to be a blue Christmas after all, says Karen Finerman.

Anadarko Petroleum (APC) popped 13%. Deutsche boosted its price target on this stock from $57 to $62, citing increased need for the services of this exploration firm. - This stock closed on its lows which concerns me, says Joe Terranova.

Research In Motion (RIMM) popped 5%. Baird upgraded RIM to "outperform" from "neutral," saying upcoming device launches could be a positive catalyst and the current stock price was attractive. - I told you to get long at $65, reminds Guy Adami.

Emerging Markets ETF (EEM) popped 5%. This ETF which tracks emerging markets climbed along with commodities prices. - I still like valuations, says Tim Seymour.

UnitedHealth (UNH) popped 2%. This and other managed care stocks had a volatile week- first dropping on renewed hopes of a public option and possibility of a windfall tax, but then ending the week on a high note as investors came to believe they were simply too cheap to resist. - Just a regular week for HMOs, observes Karen Finerman.

Johnson & Johnson (JNJ) popped 3%. The consumer products and health care company moved higher ahead of earnings next week as concerns over swine flu heat up. - I think the stock is a buy, counsels Joe Terranova.

DROPS (stocks that slid lower)

Acorda Therapeutics (ACOR) dropped 22%. The firm’s proposed drug to help multiple sclerosis patients walk, appears to have a "very limited effect" even though the drug met its main clinical trial goals, U.S. regulatory staff said in documents released on Friday.

iShares Barclays 20+ Year Treas.Bd (TLT) dropped 3%. Comments from Ben Bernanke led bond investors to fear that the Fed may raise interest rates sooner rather than later.





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Trader disclosure: On Oct. 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), (BTU), (C), (INTC), (MSFT), (NUE); Finerman's Firm Owns (BAC), (BAC) Calls, (BAC) Preferred; Finerman's Firm Owns (UNH) Calls; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm Owns (CSCO), (M), (MSFT), (DRI); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (UNG), (USO); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (WLP) Calls; Finerman's Firm Is Short (TLT); Terranova Owns (JPM), (MOS), (NOV); Terranova Is Short (GRMN), (CCL); Terranova Owns December 2009 Gold Futures; Terranova Owns December 2009 Crude Oil Futures; Terranova Owns December 2010 Crude Oil Futures; Terranova Works For (VRTS); Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.; Seymour Owns (AAPL), (BAC), (EEM), (F), (INFY), (RTP)

For Joe Terranova
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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 (XLI)
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