'Fast Money' Pops & Drops: Cisco Rides

The network equipment maker's stock jumps on an upgrade.

Author:: TSC Staff
Publish date:: Oct 20, 2008 6:46 PM EDT

Pops

Exxon Mobil

rose 10%. Terranova explained that Oppenheimer raised its rating on the entire oil sector today.

Cisco Systems

jumped 5% after Morgan Keegan upgraded the network equipment maker from market perform to outperform. Najarian says "everyone thinks the networkers are undervalued."

ING Group

(ING) - Get Report

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

(PSUN)

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."

Drops

Research In Motion

(RIMM)

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.

Deere

(DE) - Get Report

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

Hasbro

(HAS) - Get Report

traded down 4% and

Mattel

(MAT) - Get Report

lost 2%. Seymour said the outlook for the Christmas season is "grim" this year.

General Growth Properties

(GGP)

dove 8%. Finerman says "stay away, everything is going wrong for GGP."

Hormel Foods

(HRL) - Get Report

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.