'Fast Money' Pops and Drops: eBay? No Way

The trading panel says there's no reason to be long this stock.

Author:
TSC Staff
Publish date:
Oct 2, 2008 7:05 PM EDT

The trading panel says there's no reason to be long this stock.

Pops

National City

(NCC)

jumped 8%. Najarian said take a look at the regional banks because they will prosper.

Drops

Honda Motors

(HMC)

dropped 6%. Najarian said September sales for Honda were down 24%.

Apple

(AAPL)

fell 8%. Macke said all good cults come to an end.

Marriott International

(MAR)

slipped 5%. Adami mentioned that it lowered full-year guidance and said it wasn't going to buy back meaningful stock for the next year. "If they don't think the stock is cheap, than neither should you," he said.

Schlumberger

(SLB)

traded down 6%. Seymour pointed out that Merrill Lynch downgraded the oil service sector. "Less money is going to be spent on E&P if oil goes down," he added.

eBay

(EBAY)

plunged 8% after Morgan Stanley downgraded the stock from overweight to equal-weight. Macke questioned why anyone would be long this stock.

Burlington Northern Santa Fe

(BNI)

lost 7%. Adami said to get back in BNI around $80 per share.

iShares FTSE/Xinhua China 25 Index

(FXI)

dropped 4%. Seymour said you're better off in China than other places. "China has controlled inflation, and their policy is easing," he said.

MEMC Electronic Materials

(WFR)

plunged 13%. Najarian says he can't figure this stock out.