'Fast Money' Pops and Drops: Chesapeake Pays
Dylan Ratigan started the "Pops & Drops" segment by reporting that Intel (INTC) - Get Report 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) - Get Report
jumped 6%. Seymour pointed out that the stock has moved up 100% off the lows in two days.
XL Capital
(XL) - Get Report
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) - Get Report
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) - Get Report
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) - Get Report
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) - Get Report
fell 1% after an analyst at Barclays lowered estimates for the conglomerate. Najarian said, "GE and
Microsoft
(MSFT) - Get Report
continue to be value traps."
JA Solar
(JASO)
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.
This article was written by a staff member of TheStreet.com.