Following are midday movers you might have missed.
Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
AIG
The catalyst: AIG grew profit sharply in the first quarter with gains driven by improved performance at its Chartis and SunAmerica insurance units.
The trade: “This is a difficult call, says Anthony Scaramucci. "If you like the stock long-term, play it with options to limit your risk."
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Southwestern Energy
The catalyst:Southwestern said first-quarter profit dropped 21% as the energy producer saw softer realized natural gas prices and higher expenses weaken margins.
The trade: "Energy is under pressure broadly," says Pete Najarian. "Stay away."
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Micron
The catalyst: Published reports said Micron would be the likely winner in the bidding for failed Japanese chipmaker Elpida Memory for $2.5 billion.
The trade: "That’s positive for Micron," says Steve Grasso.
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Herbalife
The catalyst:Herbalife, which has now lost about a third of its value since billionaire investor David Einhorn raised his questions in a post-earnings conference call on Tuesday, said it would buy back about $428 million worth of shares because it felt they were undervalued.
The trade: "I think the stock is putting in a floor," says trader Patty Edwards. "I think it’s safe to start nibbling."
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Trader disclosure: On May 4, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long MS CALLS; Pete Najarian is long INTC; Pete Najarian is long INTC CALLS; Pete Najarian is long YHOO; Pete Najarian is long SBUX; Pete Najarian is long SBUX CALLS; Pete Najarian is long PEP; Anthony Scaramucci is long AAPL; Anthony Scaramucci is long BAC; Anthony Scaramucci is long GS; Anthony Scaramucci is long IBM; Anthony Scaramucci is long PEP: Steven Grasso is long ASTM; Steven Grasso is long AVAV; Steven Grasso is long BA; Steven Grasso is long D; Steven Grasso is long FRO; Steven Grasso is long LNG; Steven Grasso is long MHY; Steven Grasso is long NUAN; Steven Grasso is long MO; Steven Grasso is long PFE; Steven Grasso is long PRST; Steven Grasso is long S; Steven Grasso is long XLU; Steven Grasso is long ZAZA
For Patty Edwards
Patty Edwards is long for clients AAPL
Patty Edwards is long for clients BAC
Patty Edwards is long for clients C
Patty Edwards is long for clients GLD
Patty Edwards is long for clients INTC
Patty Edwards is long for clients JOY
Patty Edwards is long for clients COP
Patty Edwards is long for clients AMZN
Patty Edwards is long for clients PEP
Patty Edwards is long for clients DIS
Patty Edwards is long for clients CAT
Patty Edwards is long for clients SBUX
Patty Edwards is long for clients KMB
Patty Edwards is long for clients ED
Patty Edwards is long for clients EXC
Patty Edwards is long for clients KO
Patty Edwards is long for clients HNZ
Patty Edwards is long for clients PM
Patty Edwards is long for clients BMY
Patty Edwards is long for clients JNK
Patty Edwards is long PM
For Dennis Gartman
Nothing to disclose
Mark Mahaney
The Firm is a market maker in the publicly traded equity securities of YHOO
The Firm is a market maker in the publicly traded equity securities of AMZN
