Following are the week’s biggest winners and losers. Find out why shares of Dow Chemical and Massey Energy popped while Macy’s and Genzyme dropped.
POPS (stocks that jumped higher)
Dow Chemical (DOW) popped 15%. The CEO said Dow’s acquisition of Rohm & Haas "revitalized" its portfolio and should help earnings grow in the next two years. - I think the stock looks cheap, says Guy Adami.
Massey Energy (MEE) popped 10%. Investors may be betting that clean coal technology gets a boost after rhetoric from Obama and other world leaders. - I think it has more to do with rising steel demand, says Joe Terranova.
Flowserve (FLS) popped 5%. As investors grow more optimistic about global growth this maker of pumps, valves and more stands to benefit. - As long as global growth remains in tact I think this stock goes higher, says Karen Finerman.
Monsanto (MON) popped 6%. The company backed its 2010 and 2011 earnings outlook and said it will accelerate its premium corn and soybean roll out. - I'd stay away, says Steve Grasso. This stock appears to be in a longer term downtrend.
Wynn Resorts (WYNN) popped 16%. The casino announced a dividend and may also be riding the coat tails of rival Las Vegas Sands, which said it plans to restart construction in Macau. - It seems to me everytime Jon Najarian goes to Vegas, casino stocks go up, chuckles Guy Adami.
American Express (AXP) popped 8%. This credit card name was among a number of stocks making 52-week highs this week as investors make bullish bets on firms that stand to benefit from recovery.
Barrick Gold (ABX) popped 3%. This gold miner went along for the ride as the spot price of gold danced with new highs.
DROPS (stocks that slid lower)
Macy's (M) dropped 6%. The department store giant issued a disappointing forecast, which triggered new worries about the strength of the consumer.
Genzyme (GENZ) dropped 6%. Stainless steel fragments and other foreign particles were found in a small percentage of the company’s rare disease drugs, U.S. regulators said on Friday. Genzyme could not be immediately reached for comment.
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Trader disclosure: On November 13th, 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); Grasso Owns (AAPL), (ABK), (ASTM), (BAC), (BGP), (C), (COST), (FAZ), (PFE), (MRK), (V), (WMT); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred, (BAC; Finerman's Firm Owns (FLS), Is Short (FLS) Calls; Finerman Owns (FLS); Finerman's Firm Owns (MSFT), (NOK), (PLCE), (TGT), (WMT); Finerman's Firm Is Short (USO), (IJR), (MDY), (IWM), (UNG); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (M); Finerman's Firm Owns (RIG), Is Short (RIG) Calls; Finerman Owns (RIG); Terranova Owns Crude Oil Dec. Futures; Terranova Owns (GS), (JPM), (SU), (AAPL), (GOOG), (JCP); Terranova Is Short (ANF)
For Joe Terranova
Terranova Works For (VRTS)
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)
For Steve Grasso:
Stuart Frankel And Its Partners Own (CMCSK)
Stuart Frankel And Its Partners Own (CUBA)
Stuart Frankel And Its Partners Own (GERN)
Stuart Frankel And Its Partners Own (HSPO)
Stuart Frankel And Its Partners Own (NWS.A)
Stuart Frankel And Its Partners Own (NXST)
Stuart Frankel And Its Partners Own (NYX)
Stuart Frankel And Its Partners Own (PDE)
Stuart Frankel And Its Partners Own (PRST)
Stuart Frankel And Its Partners Own (RDC)
Stuart Frankel And Its Partners Own (ROK)
Stuart Frankel And Its Partners Own (TLM)
Stuart Frankel And Its Partners Own (XRX)
Stuart Frankel And Its Partners Own (SDS)
Stuart Frankel And Its Partners Are Short (QQQQ)
Stuart Frankel And Its Partners Are Short (CL)
For Todd Gordon:
GAIN Capital's Managed Accounts Own Australian Dollar, Are Short U.S. Dollar
For Brent Thill:
(MSFT) Is Or In Past 12 Months Has Been An Investment Banking Client Of UBS Securities LLC
(MSFT) Is Or In Past 12 Months Has Been A Non-Securities Client Of UBS Securities LLC
UBS Securities LLC Has Received Compensation From (MSFT) In Past 12 Months
For Finerman:
On 10/12/09 Finerman's Firm Owned (WMT)
