Chipotle (CMG) popped 6%. Perhaps investors were looking for the stock to break out, after it touched a new 52-week high. - I think you can own this name into earnings on October 20th, says Guy Adami.
Lennar (LEN) popped 5%. - The CEO said "We have seen demand for home purchases slowly return to the marketplace, driven by low home prices and all-time low interest rates," - Not bad, says Dan Nathan.
Caterpillar (CAT) dropped 2%. Raymond James downgraded the company to “outperform” from “strong buy” citing the global economic slowdown
Applied Materials (AMAT) dropped 3%. Goldman Sachs cut the stock to “sell” from “neutral” citing the potential for excess supply and a decrease in orders in the industry. - The stock made a 52-week low of $10.5 and I think it's heading there again, says Guy Adami.
Monster World Wide (MWW) dropped 7%. Perhaps the move was technical; the stock fell below its 10-day MA of $8.47 leading to speculation that shorts would lean into the stock near-term. - I wouldn't do anything with this, says Joe Terranova.
UBS (UBS) dropped 4%. The bank kicked off an investigation into its internal systems after rogue equity trades cost the Swiss bank $2.3 billion.
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Trader disclosure: On Sep 19, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Nathan is long Apple (AAPL) through call spreads; Nathan is long Goldman Sachs (GS) through call spreads; Nathan is long Intel (INTC) through put spreads; Nathan is JPMorgan (JPM) through put spreads; Nathan is long Oracle (ORCL) through put spreads; Nathan is Sprint (S); Nathan is long DIA puts; Nathan is XLF puts; Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU; Finerman and Finerman’s firm own (AAPL); Finerman owns (BAC) and Finerman’s firm own (BAC) leaps; Finerman owns (JPM) and Finerman’s firm owns (JPM) stock and (JPM) leaps; Finerman’s firm owns (IBM); Finerman owns (GOOG); Finerman owns (ORCL); Finerman’s firm owns (MSFT); Finerman owns IWM; Finerman owns MDY; Finerman owns SPY; Terranova is long VRTS; Terranova is long OXY; Terranova is long HOS; Terranova is long OIH; Terranova is long CVI; Terranova is long AXP; Terranova is long EMC; Terranova is long WFM; Terranova is long AMZN; Terranova is long WFC; Terranova is long AAPL; Terranova is long IBM
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Funds managed by Shelter Harbor Capital are long Euro
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Nations is long SPY
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