Below $33 This Stock Trends to New Lows: Seymour

Following are Tuesday's Pops & Drops.

Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!

Freeport McMoRan

The catalyst: As the world’s largest copper miner, Freeport followed the red metal lower with weakness largely triggered by new reports which said Chinese metals imports fell sharply.

The trade: If the stock breaks $33 I think it trends to new lows, says Tim Seymour, founder of Copper demand is very much in question.


Harley Davidson

The catalyst: Although the catalyst was unclear, published reports highlighted Harley Davidson's complete restructuring of operations, saying the move had resulted in massive operating income increases of 111% and 266% in back-to-back years

The trade: It's a nice move in a terrible tape, says Karen Finerman, president of Metropolitan Capital. That's all I can tell you.


Alpha Natural

The catalyst: Investors likely sold out of Alpha Natural after rival Patriot Coal filed for bankruptcy on Monday amid plummeting coal prices.

The trade: Investors seem to be taking all these names out and shooting them, says Dan Nathan, editor and co-founder of



The catalyst:JCPenney announced another 350 job cuts at its Plano, Texas headquarters, completing a reorganization of its home office designed to help it bring costs in line with those of rivals.

The trade: I'm still short and I'm not covering, says Stephen Weiss, managing partner at Short Hills Capital and author of “The Big Win.”


Joy Global

The catalyst: Investors were disappointed after published reports said Komatsu Ltd., the world’s second- biggest maker of dump trucks, had no plans to bid for Joy Global after studying the U.S. company as there are few synergies to aid its foray into underground mining equipment.

The trade: It also doesn't help that global growth is being called into question, says Mike Khouw, managing director and head of equity derrivatives CRT Capital.


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Posted by CNBC's Lee Brodie

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Trader disclosure: On July 10, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour is long BAC; Tim Seymour is long SBUX; Tim Seymour is long FCX; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long GOOG; Karen Finerman is long M; Karen Finerman is long CMI; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDY; Dan Nathan is long JULY 7 Puts; Dan Nathan is long OCT 10/5 PUT SPRAED; Dan Nathan is long XLF JULY 14 PUTS; Dan Nathan is long INTC JULY 26/25 PUT SPREAD; Dan Nathan is long WMT JULY 67.5 PUT SPREAD; Dan Nathan is long SBUXAUG 50/45 PUT SPREAD; Dan Nathan is long HOG JULY 44/40 PUT SPREAD; Dan Nathan is long HOG AUG 45/40 PUT SREAD; Dan Nathan is long SDS; Dan Nathan is long QQQ AUG 68/60 PUT SREAD; Stephen Weiss is long VZ; Stephen Weiss is short JCP; Stephen Weiss is short PCAR

For Jeff Kauffman
Sterne, Agee & Leach, Inc. makes a market in the following subject company LUV
Sterne, Agee & Leach, Inc.'s research analysts receive compensation that is based upon various factors, including Sterne, Agee & Leach, Inc.'s total revenues, a portion of which is generated by investment banking activities.
Sterne Agee & Leach, Inc. expects to receive or intends to seek compensation for investment banking services from the subject company and/or companies in the next three months: LUV

For David Bailin
Nothing to disclose

For Dan Ernst
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For Chris Danely
Nothing to Disclose