Following are some of the day's biggest movers. Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Goodrich (GR) popped 16%. The firm is believed to be the target of an acquisition spree from United Technologies - I wouldn't chase it, says Karen Finerman.
Pandora (P) popped 6%. Wedbush initiated coverage of the company with an “outperform” rating and a $14 price target on the stock.
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.
______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our Web site send your e-mail to fastmoney@cnbc.com.
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
For Brian Kelly
Funds managed by Shelter Harbor Capital are long Euro
Funds managed by Shelter Harbor Capital are long MON
Funds managed by Shelter Harbor Capital are long MCP
Funds managed by Shelter Harbor Capital are long TLT
Funds managed by Shelter Harbor Capital are short Aussie dollar
Funds managed by Shelter Harbor Capital are short SLV
For Scott Nations
Nations is long SPY
For Tony Wible
Janney Montgomery Scott is a market maker in the securities of NFLX and GME, and may at any time hold a long or short position in these securities. Janney Montgomery Scott may seek compensation for investment banking services from the subject company (ies) NFLX and GME securities in the next 3 months. The research analyst is compensated based on, in part, Janney Montgomery Scott's profitability, which includes its investment banking revenues.
For Amelia Bourdeau
No disclosures
For Gordon Johnson
No disclosures
For Greg Zuckerman
No disclosures
