Following are the days biggest winners and losers. Find out why shares of EMC Corp. (EMC), Toll Brothers (TOL) and US Airways (LCC) popped while Washington Mutual (WM) and Tween Brands (TWB) dropped.
POPS (stocks that jumped higher)
EMC (EMC) popped 3%. The IT conglomerate and majority owner of high-flier VMware hit $20 for the first time in 6 years. – Guy Adami says he expected EMC to have a 2-handle by the end of the summer, and it does!
Toll Brothers (TOL) popped 5%. The homebuilder's profit might have fallen more than 80%, but it was still better than the analysts had expected.
The China ETF (FXI) popped 7%. Money streamed back into the epicenter of global growth, where according to Russell Investments, the stocks now have a greater market cap than in Japan. – Pete Najarian recommends owning the FXI until the Olympics.
The Hong Kong ETF (EWH) popped 5%. New rules will allow mainland Chinese to invest in the special region's stock market.
Blue Coat Systems (BCSI) popped 29%. The maker of network-security software crushed estimates and announced a 2-for-1 stock split. – Stacey Briere Gilbert likes this stock.
Network Appliances (NTAP) popped 6%. The provider of data-management software continued to move higher after announcing a $1 billion stock buyback last week. – Guy Adami likes this stock.
US Airways (LCC) popped 7%. Merrill Lynch upgraded the carrier to buy after losing half their value this year. – Stacey Briere Gilbert says she flies this airline but she’s not buying its stock.
Foster Wheeler (FWLT) popped 8%. The engineering firm, sitting on a huge order backlog, gained as investor sentiment about the global economy improved. – Jeff Macke says it was a bounce.
The Eagles... holders of the best-selling album ever in the US ("Greatest Hits 1971-1975) will sell even more records as the group is set to release their first studio album in 28 years.
DROPS: (stocks that slid lower)
Washington Mutual (WM) dropped 2%. An analysis by TheStreet.com predicted the next subprime shoe might drop on the Seattle-based lender. – Stacey Briere Gilbert doesn’t like the financial sector.
H&R Block (HRB) dropped 2%. Pete Najarian explains they have exposure that investors don’t like.
Abercrombie (ANF) dropped after hours on earnings. Jeff Macke says he doesn’t like this stock.
Tween Brands (TWB) dropped 28%. The teen-clothing retailer cut its profit forecast after planning price cuts to move inventory. – Jeff Macke says get out of this stock.
Fleetwood Enterprises (FLE) dropped 4%. Pete Najarian says stay away.
______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.
Trader disclosure: On Aug 22 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money; Najarian Owns (BMY), Najarian Owns S&P Puts: Stacey Briere Gilbert Is Chief Options Strategist For Susquehanna Financial Group, LLLP: Gilbert Is Head Of Market Intelligence Research For Susquehanna Financial Group, LLLP: Gilbert Does Not Cover Individual Securities But Does Recommend Trading Strategies; Gilbert Has A Long Position In (HOT); Susquehanna Financial Group Is A Market Maker In (AMTD), (AAPL), (BCSI), (ETFC), (FWLT), (GYMB), (IRBT), (JBLU), (NTES), (NTAP), (UAUA), (WYNN) (ZUMZ), (CTSH) Susquehanna Financial Group And/Or Affiliates Together Own More Than 1% Of (BCSI), (BSC), (CAL), (LCC), (NMX), (NYX), (NTES), (UAUA), (IMB), (GT); Susquehanna Financial Group And/Or Affiliates Together Owned More Than 1% Of (FCX) On 8/20/07
