Fast Money 'Pops and Drops': Murky Merck
American International Group (AIG) was up 6% to $26.53. Karen Finerman said the stock's movement had to do with an upgrade.
Wynn Resorts (WYNN) was up 6% to $93.43, and Las Vegas Sands (LVS) rose by 9% to $42.20. Jeff Macke said Steve Wynn is a brilliant person and noted that the stock is up about 40% since the company announced its buyback.
Biogen (BIIB) was up 3% to $66.85. Pete Najarian mentioned that the stock was upgraded today. He also said to "keep an eye on this," since the company will be reporting its earnings tomorrow.Valero Energy (VLO) was up about 8%. Joe Terranova likes the company and said he could see it trade $40 soon -- the stock is currently at $35.72. TransAlta (TAC) rose by 15% to $37.06. Najarian said the sharp movement had to do with the company getting bought out for about $8 billion. Timken (TKR) rose sharply by 22% to $34.86. Najarian said when a company "beats expectations and raises its outlook, then you got a winner."
DropsMerck (MRK) was down 7% to $32.82 and Schering Plough (SGP) was down 3% to $18.35 during after-hours trading after a major European study raised concerns about the jointly marketed cholesterol drug Vytroin. Apple (AAPL) was down about 13% to $160 in after-hours trading. The company reported strong third-quarter earnings but gave a lower-than-expected outlook. For the fourth quarter, the company expects to earn $1 a share with revenue of $7.8 billion; analysts' had expected earnings to be $1.25 a share with revenue of $8.3 billion.
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