'Fast Money' Pops & Drops: Riding the Rails

Before the "Pops & Drops" segment began, Dylan Ratigan mentioned that Norfolk Southern (NSC) - Get Report was trading up in after-hours following the railroad's better-than-expected third-quarter earnings report.

Najarian said he likes the prospects for

Burlington Northern Santa Fe

(BNI)

and

Union Pacific

(UNP) - Get Report

which report earnings on Thursday.

Pops

Coach

(COH)

traded up 9% after the company reported first-quarter results that matched analysts' estimates. Finerman said the stock looks pretty good.

3M

(MMM) - Get Report

advanced 4% after the company beat third-quarter earnings estimates. Adami says "valuation is getting rich at 3M."

UAL

(UAUA)

ripped higher by 8% after the airline reported a smaller-than-expected loss of $779 million. Macke says "airlines will continue to work better than casinos and auto makers, because they are getting away with charging higher prices for a worse experience."

American Express

(AXP) - Get Report

popped 8%. Finerman explained that AXP was up because it beat earnings, and non-performing assets weren't as bad as people thought.

Drops

Western Union

(WU) - Get Report

plunged 17% after the global money transfer agent withdrew its long-term growth objectives and narrowed its full-year profit guidance. Najarian pointed out that 69% of its business comes from abroad which is slowing down.

Freeport McMoRan

(FCX) - Get Report

dropped 10% after the company posted a sharp decline in third-quarter profits that missed Wall Street expectations. Adami told viewers to trade FCX again if it holds $30.03.

Netflix

(NFLX) - Get Report

fell 12%. Macke said he isn't sure how to play Netflix.

Sun Microsystems

(JAVA)

traded down 17%. Najarian pointed out that two out of the last three quarters have been losers for Sun.

This article was written by a staff member of TheStreet.com.