Royal Caribbean (RCL) popped 2%. Bernstein raised its price target on this stock to $40. - I wouldn't be on this trade, says Joe Terranova. I think it pulls back to $32.
St. Jude Medical (STJ) popped 3%. Both Goldman Sachs and Jefferies upgraded this name. - They upgraded after I got out, chuckles Karen Finerman.
MetroPCS (PCS) popped 2%. Auriga raised the wireless name to 'Buy' from ‘Hold’ saying it thought more customers would move to prepaid phone plans. - That's not good for VZ or AT&T, says Gary Kaminksy.
Texas Instruments (TXN) popped 3%. Credit Suisse raised the company to outperform citing strong demand.
NYSE Euronext (NYX) popped 6%. JPMorgan raised its earnings estimates due to higher growth in derivatives.
Under Armour (UA) popped 2%. JPMorgan raised the company to ‘Overweight’.
DROPS (stocks that slid lower)
Celgene (CELG) dropped 2%. Investors took profits after bidding the stock higher on promising experimental stem cell treatments. - I'm a buyer of weakness, says Guy Adami.
Clean Energy Fuels (CLNE) dropped 8%. A Barron’s article speculated the stock could drop as much as 30%.
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Trader disclosure: On Apr 12, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Grasso Owns (AAPL), (C), (BAC), (WMT), (T), (LPX); Karabell Owns (FCX); Karabell Owns (AAPL) ; Jon Najarian Owns (PALM) options; Jon Najarian Owns (CAR) options; Adami Owns (INTC), (GS), (AGU), (MSFT), (NUE), (BTU), (C); Terranova Owns (HES), (TER), (AXP), (MOS), (APA), (YHOO); Terranova Is Short (LCC); Pete Najarian Owns (AA) Call Spread ; Pete Najarian Owns (BAC) Calls; Pete Najarian Owns (C) Calls; Najarian Owns (DD) Call Spread ; Najarian Owns (DOW) Call Spread; Najarian Owns (LVS) Call Spread; Najarian Owns (MRVL); Najarian Owns (PCX) & Short (PCX) Calls; Najarian Owns (STX) Call Spread; Najarian Owns (TSO) Calls; Najarian Owns (YUM) Call Spread; Najarian Owns (YHOO) Call Spread; Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Leap; Finerman Owns (BAC), (JPM); Finerman's Firm Owns (TJX), (BBY), (JPM), (AEO), (IBB)
Other Relevant Disclosures:
Credit Suisse Does and seek to do business with companies covered in its research reports (JPM)
Stuart Frankel & It's Partners Own (LPX)
Stuart Frankel & It's Partners Own (SDS)