Stocks On The Move: Lehman Bros., Ford…..
Following are the days biggest winners and losers. Find out why shares of Cisco (CSCO), Hansen Natural (HANS) and Lehman Bros (LEH) poppedwhile Charming Shoppes (CHRS)and Leap Wireless (LEAP) dropped.
POPS (stocks that jumped higher)
Lehman Bros (LEH) popped 7%.The investment bank led gains among financials as investors picked up the shares on the cheap and S&P said they will remain profitable. - Pete Najarian loves this stock.
Hansen Natural (HANS) popped 13%. Strong demand for its Monster Energy drinks helped the soda company's second-quarter earnings beat expectations. – Guy Adami says this is a monster stock that continues to go higher.
Amerco (UHAL) popped 10%. The owner of U-Haul rental trucks surged ahead of its first quarter results. Eric Bolling says stay away.
Ford (F) popped 7%. After hours Ford said they were optimistic in their outlook for a deal with the UAW. – Guy Adami says if they get union concessions this is a $10 stock.
Beazer Homes (BZH) popped 25%. Already marked down 70% in the last year, the homebuilder had to bounce at some point. – Eric Bolling says use any housing rally to sell. He likes Public Storage (PSA) instead.
Warner Music (WMG) popped 21%. Speculation circulated the ailing record label might be taken private or buy back its shares. – Jeff Macke says get out.
Priceline.com (PCLN) popped 22%. Strong earnings kept this stock going where no stock has gone before. Don't bet against Shatner - Pete Najarian loves this stock.
BARRY BONDS HOME RUN BALL Baseball memorabilia experts have pegged the ball's value at $400,000 to $500,000. Eric Bolling says the ball will be worth $0 when A-Rod breaks the record!
DROPS: (stocks that slid lower)
Charming Shoppes (CHRS) dropped 13%. The owner of Lane Bryant and Fashion Bug stores cut its forecast on weak customer traffic. – Jeff Macke says be careful of specialty retail on Thursday.
Leap Wireless (LEAP) dropped 25%. The wireless phone company lost customers at more than twice the rate of its competitors. – Jeff Macke says stay away.
Lamar Advertising (LAMR) dropped 10%. Hurt by weaker demand from the real-estate industry, the billboard company predicted disappointing revenue. – Guy Adami says furniture companies and mortgage companies aren’t advertising on billboards anymore. Who knew?
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Trader disclosure: On Aug 8 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Owns (GS), (MEDX),(NMX, (BMY); Bolling Owns (ICE), (NMX); Bolling Is Short (FXI) But Is Bullish Long-Term; CNBC Is A Service Of NBC Universal And Dow Jones