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Pops & Drops: Cigna, Verizon...

Following are the day’s biggest winners and losers. Find out why shares of Cigna and Verizon popped while Jefferies and Ciena dropped.

POPS (stocks that jumped higher)

Cigna (CI) popped 7%. JPMorgan upgraded this company to an 'outperform' from 'neutral,' citing moves to the upside once debate over reform subsides. - I also like this name, says Karen Finerman.

Verizon (VZ) popped 3%. Call it a Barron's bounce; this company was among 10 highlighted by the magazine as a strong dividend play. - Giddyup, exclaims Pete Najarian.

AT & T (T) popped 3%. Barron’s strikes again, this time saying the stock has many positives, including its cash flow and a strong management team. - But, if they lose iPhone exclusivity I'd be concerned, says Joe Terranova.

Diedrich Coffee (DDRX) popped 30%. Peet’s increased its bid for the company after rival Green Mountain made its own offer at $30 a share. - I think Green Mountain ends up winning, speculates Karen Finerman.

LDK Solar (LDK) popped 7%. The Chinese solar name continued last week’s climb generated by a surprise profit in Q3 and an outlook that topped estimates. - Nice numbers, says Pete Najarian.

UPS (UPS) popped 2%. The company said it plans to raise rates as much as 5% next year. - At 22 times forward earnings valuations are too rich, says Guy Adami.

DROPS (stocks that slid lower)

Jefferies (JEF) dropped 6%. Goldman downgraded the firm to 'sell' from 'neutral' citing a slowdown in fixed income, currency and commodities and a Q4 earnings miss. - I'd establish a position around $23.50, counsels Guy Adami.

Ciena (CIEN) dropped 9%. The company agreed to acquire a division of Nortel Networks that makes networking gear for $769 million. - I'd buy it against $11, says Joe Terranova. I think it trades to $16.50.




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Trader disclosure: On November 23rd, 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), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (POT), (GOOG), (AAPL); Terranova Owns (UNG) April 2010 Calls; Finerman's Firm Owns (PLCE), (MSFT), (NOK), (WMT), (FLS), (PDE), (RIG), (TGT), (CDY), (ACL); Finerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (USO), (UNG), (KFT); Finerman's Firm Owns (PEET) Call; Finerman's Firm Owns (AAPL); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Calls; Finerman Owns (BAC) Preferred, (BAC); Najarian Owns (AAPL) Call Spread; Najarian Owns (DELL) Calls; Najarian Owns (DE) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (INTC) & (INTC) Calls; Najarian Owns (LAZ) & short (LAZ) Calls; Najarian Owns (SEED) Call Spread; Najarian Owns (CLF) & Short (CLF) Calls

J. Najarian Owns (LOW)
J. Najarian Owns (UNH)

For Kimberly Greenberger
Citi Owns (ANF)
Citi Owns (AEO)
Citi Has Received Compensation from (AEO)
Citi Has Received Compensation from (ANF)
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Citi Has Received Compensation from (URBN)
Citi Has Received Compensation from (LTD)
Citi Has Had (GPS) As A Client in Past 12 Months
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Citi Is A Market Maker in Securities of (HOTT)
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Citi Is A Market Maker in Securities of (PLACE)
A Suit Filed by (AEO) Against Citi is Currently Pending in Federal Court