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Following are the day’s biggest winners and losers. Find out why shares of BNP Paribas and Whole Foods popped while Mechel dropped.
POPS (stocks that jumped higher)BNP Paribas (BNP) popped 4%. France’s largest bank forecast a drop in bad debt charges and was upbeat on its prospects for 2010. - I think they get stronger, says Tim Seymour.Whole Foods (WFMI) popped 13%. The grocer reported a 70% jump in profits, beating estimates. - I'd just stay away, counsels Karen Finerman.
La-Z-Boy (LZB) popped 11%. Strong demand from its upholstery business helped this furniture maker deliver better than expected results. - I'd be a seller, but it's purely a technical trade, says Steve Grasso.
Coinstar (CSTR) popped 5%. The maker of Redbox DVD kiosks inked a deal with Warner Bros to distribute new releases 4 weeks after their general release. - I'd be long with a $27 stop, says Joe Terranova.
Ingersoll-Rand (IR) popped 2%. The equipment maker traded higher, despite word that Warren Buffett had reduced his position.
Health Care (XLV) popped 1%. Health care names were broadly higher on Wednesday as money rotated out of commodities.
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