'Fast Money' Pops & Drops: Riding the Rails

Before the "Pops & Drops" segment began, Dylan Ratigan mentioned that Norfolk Southern(NSC Quote) was trading up in after-hours following the railroad's better-than-expected third-quarter earnings report.

Najarian said he likes the prospects for Burlington Northern Santa Fe(BNI Quote) and Union Pacific(UNP Quote) which report earnings on Thursday.

Pops

Coach(COH Quote) traded up 9% after the company reported first-quarter results that matched analysts' estimates. Finerman said the stock looks pretty good.

3M(MMM Quote) advanced 4% after the company beat third-quarter earnings estimates. Adami says "valuation is getting rich at 3M."

UAL(UAUA Quote) ripped higher by 8% after the airline reported a smaller-than-expected loss of $779 million. Macke says "airlines will continue to work better than casinos and auto makers, because they are getting away with charging higher prices for a worse experience."

American Express(AXP Quote) popped 8%. Finerman explained that AXP was up because it beat earnings, and non-performing assets weren't as bad as people thought.

Drops

Western Union(WU Quote) plunged 17% after the global money transfer agent withdrew its long-term growth objectives and narrowed its full-year profit guidance. Najarian pointed out that 69% of its business comes from abroad which is slowing down.

Freeport McMoRan(FCX Quote) dropped 10% after the company posted a sharp decline in third-quarter profits that missed Wall Street expectations. Adami told viewers to trade FCX again if it holds $30.03.

Netflix(NFLX Quote) fell 12%. Macke said he isn't sure how to play Netflix.

Sun Microsystems(JAVA Quote) traded down 17%. Najarian pointed out that two out of the last three quarters have been losers for Sun.