Fast Money Pops & Drops

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'Fast Money' Pops and Drops: Exxon Moves

TSC Staff

IBM(IBM Quote) added 2%. Najarian said it's trading higher off a Hewlett-Packard(HPQ Quote) upgrade from yesterday.

Exxon Mobil(XOM Quote) climbed 5%. Adami says the stock still goes up from here and the current valuation is cheap.

International Rectifier( IRF Quote) popped 6%. Finerman said she likes this stock.

Honda Motor(HMC Quote) moved up 5% Najarian says it looks good from a valuation basis vs. General Motors( GM Quote).

Micron Technology(MU Quote) surged 11%. Adami told viewers to avoid this stock.

American Eagle Outfitters(AEO Quote) jumped 4% higher. Banc of America upgraded the stock to buy from neutral. Finerman mentioned that she sold some AEO today.

American Axle & Manufacturing(AXL Quote) rose 6%. "A big $25 billion auto industry bailout helped, guys," Adami said.

Drops

Sirius XM Radio(SIRI Quote) plunged 14% after the satellite radio company said it might have to tap credit markets to pay off $300 million in debt due in February. Macke said the company is broken and to stay away.

Boeing(BA Quote) dropped 3%. Finerman didn't have anything significant to add.

Casino stocks such as Las Vegas Sands(LVS Quote) traded lower by 10%, and Wynn Resorts(WYNN Quote) fell 3%. Macke said at some point all the bad news will be priced into the casino stocks.

Synovus Financial(SNV Quote) fell 2% after the bank cut 650 jobs and slashed its dividend. Macke said it's a "regional" and it's a "bank" -- why would you not sell it?