'Fast Money' Pops and Drops: Qwest for the Bottom
Here's what CNBC's "Fast Money" traders had to say about some of the market's biggest movers on their "Pops and Drops" segment Tuesday.
Pops
NYSE Euronext
(NYX)
was up 7%.
Advanced Micro Devices
(AMD) - Get Report
popped 9%. Guy Adami said the company has a big short interest but he wouldn't own it.
Molson-Coors
(TAP) - Get Report
jumped 7%. Jeff Macke said the Coors family is running the company well.
ArvinMeritors
( ARM) climbed 5%. Adami said the company is spinning off its light-vehicle division and reported a good quarter a couple days ago. He said the story still works.
Anadarko
(APC) - Get Report
soared 9%. Najarian said profits were a little lower, but he says the natural gas play still works.
Precision Castparts
(PCP)
ticked up 7%. Adami said this is a great downstream play for aerospace.
Estee Lauder
(EL) - Get Report
gained 7%. Karen Finerman said Asia and emerging-market growth were very strong for the company.
Sprint
(S) - Get Report
added 5%. Stay away, said Jeff Macke.
Drops
Sara Lee
( SLE) dropped 6%. Finerman said food costs hurt earnings.
Qwest
(Q)
lost 6%. Najarian said the stock will continue to fall.
Collective Brands
(PSS)
slipped 15%. Finerman said the company should have settled a lawsuit with Adidas.
Legg Mason
(LM) - Get Report
fell 10%. Macke said the company is raising $20 billion in a special offering. Move along, he said.