'Fast Money' Pops and Drops: Chesapeake Pays

Dylan Ratigan started the "Pops & Drops" segment by reporting that Intel(INTC Quote) was down in after-hours trading following the company's lowering of fourth-quarter revenue guidance to a range of $10.1 billion to $10.9 billion, vs. Wall Street's estimates of $10.8 billion.

Pops

Chesapeake Energy(CHK Quote) jumped 6%. Seymour pointed out that the stock has moved up 100% off the lows in two days.

XL Capital(XL Quote) soared 55% after the Bermuda-based insurer said it expects third-quarter earnings to be above Wall Street estimates. Adami said, "Don't chase XL here, but the valuation is interesting."

Goldman Sachs Group(GS Quote) popped 10% after Citigroup upgraded the bank from hold to buy. Macke said "Goldman has been ripping higher ever since they signed the deal with Warren Buffett."

Drops

PepsiCo(PEP Quote) traded down 11% after the company announced a 10% fall in third-quarter profits and plans to cut 3,300 jobs. Najarian says the stronger dollar is hurting the stock.

Domino's Pizza(DPZ Quote) plunged 25% after the pizza maker lowered its third-quarter outlook. Finerman said, "Domino's is being hit by the credit crunch."

General Electric(GE Quote) fell 1% after an analyst at Barclays lowered estimates for the conglomerate. Najarian said, "GE and Microsoft(MSFT Quote) continue to be value traps."

JA Solar(JASO Quote) dove 15% after an analyst at Canaccord Adams downgraded the stock from buy to hold. Seymour said the solar companies are waiting for tax cuts.