Following are the day’s biggest winners and losers. Find out why shares of Merck and Pulte Homes popped while Research In Motion and the Dow Transports dropped.
POPS (stocks that jumped higher)
Merck (MRK) popped 6%. The drug giant confirmed its full year targets and forecast high single digits earnings growth until 2013. - And they have 15 late stage drugs in the pipeline, says Pete Najarian.
Pulte Homes (PHM) popped 3%. The homebuilder said orders jumped 35% from last year, however the company did report a larger than expected loss. - I think it has more upside, muses Joe Terranova.
DROPS (stocks that slid lower)
Research In Motion (RIMM) dropped 3%. The WSJ reported that RIMM is the most vulnerable to Motorola’s new Droid phone. - I still think it's okay to own this stock, says Joe Terranova.
Dow Transports (.TRAN) dropped 2%. The transportation average gave back some gains after surging higher on Buffett's big Burlington Northern rail deal. - I'd stay away, says Guy Adami.
Saks (SKS) dropped 3%. Lazard cut the company to ‘sell’ from ‘hold,’ with a negative outlook on the retail sector.
Kraft (KFT) dropped 3%. Third quarter sales missed analysts’ expectations; also speculation suggests the company may scrap its bid for Cadbury.
Baker Hughes (BHI) dropped 6%. The oilfield services company released weak third quarter earnings and missed analysts’ expectations due to weak demand.
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Trader disclosure: On November 4th, 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); Najarian Owns (CSCO), Is Short (CSCO) Calls; Najarian Owns (GE) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (UUP) Calls; Najarian Owns (YHOO), (YHOO) Puts; Najarian Owns (TXN); Terranova Owns (GS), (RIMM), (CAM), (MA), (OIH); Terranova Owns December Gold Futures; Seygem Asset Management Owns (BSBR)
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Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
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Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
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Virtus Investment Partners Owns More Than 1% Of (UA)
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Iuorio Owns Euro
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A Household Member Of A Member Of Weinswig's Team Is Trustee For An Account Which Owns (HD)
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A Director Of Citi Serves On Board, Audit Committee Of (TGT), An Employee Of Citigroup Global Markets Or Affiliates Is A Trustee Of (TGT)
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (JCP), (SKS), (TGT)
Citigroup Or Affiliates Managed Or Co-Managed An Offering Of (KR), (SVU), (WMT)
Citigroup Global Markets Or Affiliates Has Received Compensation For Investment Banking Services Provided In Past 12 Months From (KR), (SKS), (SVU), (TGT), (WMT)
Citigroup Global Markets Or Affiliates Expects To Receive/Seek Investment Banking Compensation From (WMT) In next 3 Months
Citigroup Global Markets Or Affiliate Received Non-Investment Banking Compensation From (HD), (JCP), (KSS), (KR), (LOW), (M), (SWY), (SKS), (SVU), (TGT), (WAG), (WMT), (COST) In Past 12 Months
(KR), (SKS), (SVU), (TGT), (WMT) Are Or In Past 12 Months Were Investment Banking Clients Of Citigroup Global Markets
(CVS), (HD), (JCP), (KSS), (KR), (LOW), (M), (SWY), (SKS), (SVU), (TGT), (WAG), (WMT), (COST) Are Or In Past 12 Months Were Non-Investment Banking, Non-Securities Related Clients Of Citigroup Global Markets
Citigroup Gloal Markets Is A Market Maker In (CVS), (M), (COST)
Citigroup Global Markets And/Or Affiliates Has A Significant Financial Interest In Relation To (CVS), (HD), (JCP), (KSS), (KR), (LOW), (M), (JWN), (SWY), (SKS), (SVU), (TGT), (WMT), (COST)
Citigroup Global Markets Or Affiliates Owns 5% Or More Of (SKS)
