'Fast Money' Pops and Drops: Goodyear's Good Quarter
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 Friday.
Pops
Goodyear Tire and Rubber
(GT) - Get The Goodyear Tire & Rubber Company Report
traded up 4% after the tire maker reported a better-than-expected quarter. Adami said it looks good.
Visa
popped 9% in response to a strong earnings report out of competitor
American Express
(AXP) - Get American Express Company Report
. Finerman said American Express bodes well for Visa but it isn't cheap.
YRC Worldwide
(YRCW) - Get YRC Worldwide Inc. Report
jumped 15% after the trucker caught an upgrade from a Morgan Keegan analyst. Adami said it might be worth a look with the high short interest.
Wendy's International
(WEN) - Get Wendy's Company (The) Report
gained 10% on news that activist investor Nelson Peltz's
TheStreet Recommends
Triarc Companies
(TRY)
agreed to buy the company for $2.34 billion. Macke said he would forget about the stock now.
Trimble Navigation
(TRMB) - Get Trimble Inc. Report
ripped higher by 22% after it beat earnings. Very nice, said Finerman.
Schering-Plough
(SGP)
popped 11% on bullish sales data for its arthritis drug. Najarian said it's a good sign when the CEO buys 2 million shares.
iShares FTSE/Xinhua China 25 Index
(FXI) - Get iShares China Large-Cap ETF Report
soared 8% after the Chinese government cut the tax stamp on stock transactions. Finerman was impressed with the move.
Drops
Delta Air Lines
(DAL) - Get Delta Air Lines Inc. Report
plunged 21%. Najarian explained that the price of oil at $120 is bad for all airlines.
Newmont Mining
(NEM) - Get Newmont Corporation Report
dropped 3% despite an analyst upgrade. Adami expressed that at some point NEM is interesting on a valuation basis.
UnitedHealth Group
(UNH) - Get UnitedHealth Group Incorporated (DE) Report
fell 9% after the health insurance giant reported poor earnings and cut its guidance. Move along, said Macke
Mattel
(MAT) - Get Mattel Inc. Report
lost 12% after the toymaker missed Wall Street estimates. Macke said he likes
Hasbro
(HAS) - Get Hasbro Inc. Report
better.
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