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Pops & Drops: UnitedHealth, State Street...

Following are the day’s biggest winners and losers. Find out why shares of UnitedHealth and BlackRock popped while Lockheed Martin and State Street dropped.

POPS (stocks that jumped higher)

UnitedHealth (UNH) popped 4%. The health care name beat on third quarter profits largely due to cost controls and reaffirmed its full year outlook. - In the face of reform that's pretty good, says Karen Finerman.

BlackRock (BLK) popped 2%. Helped by strong flows into bond funds and alternative investments, the money manager powered to a better-than-forecast 46% rise in third-quarter profits. - I like the stock but wouldn't chase it at these levels, says Karen Finerman.

DROPS (stocks that slid lower)

Lockheed Martin (LMT) dropped 6%. The defense contractor forecast 2010 earnings and revenue below Wall Street estimates. - Not good, says Pete Najarian.

State Street (STT) dropped 8%. California's attorney general sued the firm on Tuesday for committing an "unconscionable fraud" against the state's largest pension funds and is seeking to recover more than $200 million in alleged illegal overcharges and penalties. - I don't see how that can be anything but negative for this stock, muses Tim Seymour.

Boston Scientific (BSX) dropped 16%. The company cut its profit outlook and its chief executive warned of dire consequences from a proposed health reform tax.

Jefferies (JEF) dropped 4%. After the firm reported higher-than-expected quarterly earnings on Tuesday, investors took profits.

Sherwin-Williams (SHW) dropped 6%. Although the firm posted a quarterly profit that beat Wall Street estimates shares fell on the paint maker's disappointing outlook.

Boeing (BA) dropped 3%. Morgan Stanley downgraded the aerospace company to underweight from equalweight citing concerns about the timeline of the 787.




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Trader disclosure: On Oct. 20th, 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), (NUE); Finerman's Firm Owns (BAC) Preferred, (BAC) Call Spreads, (BAC); Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm Owns (BKS) Puts, Is Short (BKS); Finerman's Firm Owns (MSFT); Finerman's Firm Owns (TGT); Finerman's Firm Owns (UNH) Calls; Finerman's Firm And Finerman Own (WFC) Preferred; Finerrman's Firm And Finerman Own (WMT); Finerman's Firm Is Short (UNG), (IJR), (MDY), (SPY), (IWM), (USO); Finerman Owns (AAPL); Najarian Owns (BX) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (LAZ), Is Short (LAZ) Call, Owns (LAZ) Puts; Najarian Owns (MGM) Calls; Najarian Owns (STX) Call Spread; Najarian Owns (XLF) Call Spread; Najarian Owns (YHOO), Is Short (YHOO) Calls; Najarian Owns (TEX) Call Spread; Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (DRI); Seygem Asset Managemnet Is Short (PBR); Seygem Asset Management Is Short (EWZ); Seymour Owns (CHL), (EWZ), (AAPL), (BAC), (CAT), (MGM)

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