Following are the day’s biggest winners. Find out why shares of Altria and Potash popped on a big rally day for the market.
POPS (stocks that jumped higher)
Altria Group (MO) popped 2%. The tobacco company higher as Barron’s says the shares are a bargain and could rally to $27. Barrons recommended it this weekend, that's why it was up, says Karen Finerman.
Arcelormittal (MT) popped 5%. The steel maker higher as commodities rally and on an upgrade to ‘buy’ from ‘neutral’ at MF Global. China's steel demand moved this stock, there's still room to go, says Tim Seymour.
Potash (POT) popped 4%. The company has a high correlation to oil, says Joe Terranova, who sees the stock in an $83-$104 range until
Freeport-McMoran (FCX) popped 5%. The gold miner popping as the commodity hits new record highs. Gold exposure was the big story, but cooper is going up, says Tim Seymour.
Ford (F) popped 6%. The automaker higher, started at a ‘buy’ at Standpoint Research, and as China car sales increased 76% from last year. This stock is headed for it's August 3rd high of $8.86, says Joe Terranova.
JoyGlobal (JOYG) popped 5%. You just keep getting strength in this whole commodities trade, watch for a conference later this week.
______________________________________________________ Trader disclosure: On November 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; Najarian Owns (BP) Calls, (FCX) Put Spread, (RIMM) Call Spreads, (UUP) Calls, (YHOO), (YHOO) Puts; Finerman's Firm Is Short (IJR), Short (MDY), Short (SPY), Short (IWM), Short (USO), Short (UNG), Owns (CBY), Short (KFT), Owns (MSFT), Owns (PM), Owns (TGT),Short (UNG), Short (USO), Finerman's Firm And Finerman Own (WFC) Preferred, Finerman's Firm Owns (WMT), Owns (YUM); Terranova Owns (GS), (WYNN), (JPM), (SU), (MRVL), (BRCM), (GOOG), (RIMM), (AAPL), VIX Nov. 24 Puts, Terranova Works For (VRTS); Seymour Owns (AAPL), (EEM), (F), (FXI), (TM), (VIP), (POT), Najarian Owns (INTC), (INTC) Calls, Finerman's Firm And Finerman Own (RIG), Finerman's Firm And Finerman Own (PDE), Finerman's Firm Owns (M)
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Najarian Owns (JWN) Calls, Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads
Finerman Owns (BAC) Preferred, (BAC), Najarian Owns (BX) Calls
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
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 (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)
DENNIS GARTMAN Funds Managed By Dennis Gartman Own (EWZ)Funds Managed By Dennis Gartman Own (EWA)Funds Managed By Dennis Gartman Own (EWC)Funds Managed By Dennis Gartman Own (EWZ)Funds Managed By Dennis Gartman Are Short U.S. DollarFunds Managed By Dennis Gartman Own Gold In U.S. Dollar Terms, British Pound Sterling Terms, Euro Terms TAVIS MCCOURT ***NO DISCLOSURES ON AAPL, MOT, PALM, RIMM BRIAN KELLY Kelly And Kanundrum Capital Own (UUP)Kelly And Kanundrum Capital Own (USO)Kelly And Kanundrum Capital Own (TDW) ***NO DISCLOSURES ON CRUDE OIL, U.S. DOLLAR, GOLD