Following are the day’s biggest winners and losers. Find out why shares of Supervalu (SVU), Bear Stearns (BSC) and Marriott (MAR) popped while Amylin (AMLN) and Infosys (INFY) dropped.
POPS (stocks that jumped higher)
Supervalu (SVU) popped 6%. The second largest supermarket chain in the nation posted a 12% pop in profit, thanks to lower labor costs and synergies from their Albertson's acquisition. – Jeff Macke says it’s a great stock and a buy.
Bear Stearns (BSC) popped 2%. The beleaguered broker got a pop after Citic Group - the investment arm of the Chinese cabinet - said it was interested in a stake. – Guy Adami calls this stock a lottery ticket.
Marriott (MAR) popped 4%. The world's largest hotel company rose on takeover speculation. The company gave no comment to Reuters. – Pete Najarian says it’s a perpetual rumor and not a pop he wants to hold.
The E.W. Scripps Company (SSP) popped 9%. The media company which owns local newspapers and cable assets such as the Food Network, announced it would split into two companies - one for cable TV and internet, the other for local TV and newspapers. – Jeff Macke recommends selling the pop.