'Fast Money' Pops and Drops: GE Stalls Out

10/13/08 - 06:50 PM EDT

TSC Staff

Pops

Alcoa(AA Quote - Cramer on AA - Stock Picks) traded up 22%. Seymour said "Moody's downgraded them on $7.2 billion in debt," and he said would be out of the stock.

The Utilities SPDR ETF(XLU Quote - Cramer on XLU - Stock Picks) jumped 12%. Adami said he would still buy Mirant(MIR Quote - Cramer on MIR - Stock Picks) despite the stock's huge pop today.

Research In Motion(RIMM Quote - Cramer on RIMM - Stock Picks) rose 15% after the company announced it will launch its flip phone in the U.S. with T-Mobile. Macke joked, "Are we bailing out Canada now?"

Boeing(BA Quote - Cramer on BA - Stock Picks) added 12%. Finerman said she hopes BA gets a deal done soon with the machinists union.

Prudential Financial(PRU Quote - Cramer on PRU - Stock Picks) soared 38% after the company reported earnings that were better than expected. Seymour said "the reality is they won't have to raise new capital."

Chesapeake Energy(CHK Quote - Cramer on CHK - Stock Picks) surged 23%. Adami says the stock goes higher from here.

AT&T(T Quote - Cramer on T - Stock Picks) traded up 16% after the company said it will sell its U-verse high-speed Internet and video service at Wal-Mart(WMT Quote - Cramer on WMT - Stock Picks) and Circuit City(CC Quote - Cramer on CC - Stock Picks).

E Trade Financial(ETFC Quote - Cramer on ETFC - Stock Picks) added 18%. Finerman pointed out it was only a pop of 41 cents.

Mosaic(MOS Quote - Cramer on MOS - Stock Picks) moved up 21%. Seymour says the ag space still has strong pricing power.

Solar stocks added gains across the board. Adami mentioned that First Solar(FSLR Quote - Cramer on FSLR - Stock Picks) had a nice bounce today.

Drops

Sovereign Bancorp(SOV Quote - Cramer on SOV - Stock Picks) fell 3%. Macke joked, "they're selling out to the Brazilians."

General Electric(GE Quote - Cramer on GE - Stock Picks) dropped 2% after the conglomerate posted lower third-quarter earnings. Finerman said, "How lame is that?"

This article was written by a staff member of TheStreet.com.
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