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.
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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