'Fast Money' Pops & Drops: AstraZeneca Plunges
Drops
AstraZeneca
(AZN) - Get AstraZeneca PLC Report
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) - Get Freeport-McMoRan Inc. Report
dropped 6% after JPMorgan cut its estimates. Adami says "it's just not working out on FCX right now."
Capital One
(COF) - Get Capital One Financial Corporation Report
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."
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Royal Caribbean Cruises
(RCL) - Get Royal Caribbean Group Report
lost 17%. Macke joked "the combination of a bad economy and the revival of pirates was enough to send this thing lower."
Aloca
(AA) - Get Alcoa Corporation Report
fell 14% after JPMorgan cut its 2009 estimates Adami said "not good."
Sunoco
(SUN) - Get Sunoco LP representing limited partner interests Report
plunged 12% after Deutsche Securities downgraded the stock from hold to sell. Finerman mentioned she is unfortunately the owner of some of this stock.
This article was written by a staff member of TheStreet.com.
