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Pops & Drops: Chicago Bridge & Iron, Cypress Semiconductor...

Following are the day’s biggest winners and losers. Find out why shares of Chicago Bridge & Iron and Sunoco popped while Cypress Semiconductor and Baxter International dropped.

POPS (stocks that jumped higher)

Chicago Bridge & Iron (CBI) popped 10%. Goldman upgraded the company to ‘buy’ from ‘neutral’ citing its Australia nat gas project. - I think it's going higher, says Guy Adami.

Sunoco (SUN) popped 10%. A government inventory report showed large drops in gasoline and distillate stocks, surprising the market. – I’d be long this and other refiners, says Joe Terranova on Fast Money’s Halftime Report.

DROPS (stocks that slid lower)

Cypress Semiconductor (CY) dropped 6%. The semi name closed down on a third quarter loss due to weak demand. - Intel raised the bar for everybody in the sector, explains Pete Najarian.

Las Vegas Sands (LVS) dropped 6%. The WSJ reported that the Guangdong visa office may place restrictions on the number of people allowed to visit Macau. - I think casinos have moved too far too fast, says Joe Terranova.

Nokia (NOK) dropped 11%. The largest handset maker in the world reported a worse than expected third quarter loss on a big writedown. - I'm a buyer around $13.40.

Baxter International (BAX) dropped 5%. The medical-products maker reported flat revenues for the third quarter and sales also missed expectations.

Southwest Airlines (LUV) dropped 6%. The discount carrier reported a loss citing weak passenger revenue, hedging costs, and buyout costs.

Capital One Financial (COF) dropped 3%. The credit card company said September delinquencies and charge-offs rose from August.

Emerging Markets ETF (EEM) dropped 1%. Investors took profits after the emerging markets ETF recorded its longest rally in 4 years.




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Trader disclosure: On October 15, 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), (GS), (INTC), (MSFT): Terranova Owns (SUN), (OIH), (HOC), (HES), (GOOG), (IUYG), (OHI), (FTO): Terranova Is Short (GRMN), (CCL): Najarian Owns (BX) Calls; Najarian Owns (DELL) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (GOOG) Nov. Calls, Is Short (GOOG) Oct. Calls; Najarian Owns (HMY) Calls; Najarian Owns (IBM) Nov. Calls, Is Short (IBM) Oct. Calls; Najarian Owns (LAZ), Is Long (LAZ) Puts, Is Short (LAZ) Calls; Najarian Owns (MYL) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (STX) Call Spread; Najarian Owns (TEVA); Najarian Owns (YHOO) Call Spread

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