'Fast Money' Pops & Drops: AstraZeneca Plunges

 

Drops

AstraZeneca(AZN Quote) plunged 12% after the drug maker revised its forecast. Najarian said AstraZeneca faces some big generic competition for one of its billion-dollar drugs.

Freeport McMoRan(FCX Quote) dropped 6% after JPMorgan cut its estimates. Adami says "it's just not working out on FCX right now."

Capital One(COF Quote) traded down 9%. Finerman said Capital One has big credit card exposure and a big auto loan book. She says "neither place is where an investor wants to be right now, short COF."

Royal Caribbean Cruises(RCL Quote) lost 17%. Macke joked "the combination of a bad economy and the revival of pirates was enough to send this thing lower."

Aloca(AA Quote) fell 14% after JPMorgan cut its 2009 estimates Adami said "not good."

Sunoco(SUN Quote) plunged 12% after Deutsche Securities downgraded the stock from hold to sell. Finerman mentioned she is unfortunately the owner of some of this stock.

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

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