rose 10%. Terranova explained that Oppenheimer raised its rating on the entire oil sector today.
jumped 5% after Morgan Keegan upgraded the network equipment maker from market perform to outperform. Najarian says "everyone thinks the networkers are undervalued."
soared 21%. Seymour pointed out that ING was the first Netherlands bank to dip into money made available by the government.
Pacific Sunwear of California
traded up 5% after the specialty retailer received a buyout offer for $296 million from Adrenalina. Finerman says "the move didn't mean too much."
Research In Motion
dropped 8% after Morgan Keegan cut its revenue estimates for the maker of BlackBerry devices. Terranova said to avoid RIMM right now because the stock is under significant pressure for good reasons.
slipped 2% after Morgan Stanley cut its rating on the stock to equal-weight from overweight and lowered its price target to $50 from $60. Najarian said, "Ouch!"
Toy stocks such as
traded down 4% and
lost 2%. Seymour said the outlook for the Christmas season is "grim" this year.
General Growth Properties
dove 8%. Finerman says "stay away, everything is going wrong for GGP."
plunged 11% after the meat and food producer cut its full-year forecast. Terranova mentioned that the stock traded 2 million shares and said he would avoid it at all costs.
This article was written by a staff member of TheStreet.com.