Pops & Drops: Sealy, Amazon, Visa...

Following are the day’s biggest winners and losers. Find out why shares of Sealy and SanDisk popped while Amazon and Visa dropped.

POPS (stocks that jumped higher)

Sealy (ZZ) popped 7%. The mattress maker exploded higher after its profits exceeded expectations, and a Morgan Keenan analyst gave it an upgrade. – It’s an opportunity to sell, says Jeff Macke.

Stock Pops & Drops
Stock Pops & Drops   

Crayola. Wednesday marked the 50th Anniversary of the Crayola "64 Box" which made its debut on Captain Kangaroo in 1958. To celebrate the occasion, the company revealed 8 new "Kids Choice" colors, with names like "super happy," "giving tree," "bear hug" and "awesome."

SanDisk (SNDK) popped 7%. After Elpida, Japan's largest memory chip company, increased prices by 10%, it sent a ripple through other memory stocks including SanDisk.

Butlers. An influx of nouveau riche into London suburbs is causing a spike in demand for traditional, Victorian butlers, according to Bloomberg. The best-trained "Jeeves" can demand salaries of up to $140,000.

California Pizza Kitchen (CPKI) popped 6%. The casual dining chain forecast a higher than expected 1st quarter profit. – I’m skeptical, says Tim Seymour. I don’t think people are rushing to eat out.

Cross-dressing at Wal-Mart. New video released by Wal-Mart's former video production company shows scenes from internal meetings in which male managers perform on-stage in drag at an executive meeting. The company, Flagler Productions, lost its agreement with Wal-Mart in 2006 and is now selling the video for up to $7500 dollars per minute.

DROPS (stocks that slid lower)

The Pantry (PTRY) dropped 26%. The operator of the Kangaroo Express convenience store chain said it lost money in the second quarter; it was also downgraded at Merrill Lynch. – I don’t like it, says Guy Adami.

Cosan (CZZ) dropped 2%. The Brazilian alternative energy firm dragged down the Bovespa after proposed tax increases on ethanol producers. – It’s an interesting situation, says Tim Seymour.

Amazon.com (AMZN) dropped 4%. Lehman Bros said that first quarter earnings for Amazon (and fellow dot-com giant Google) would indeed be impacted by the economic slowdown. – Not so impressed, says Jeff Macke.

Visa (V) dropped 3%. After Tuesday's 5% pop, volatile Visa gave some of it back Wednesday. – I still think it has downside, counsels Guy Adami.

Ternium (TX) dropped 10%. Hugo Chavez said he was nationalizing the Venezuelan operation of this Luxembourg-based steel miner after the company failed to reach a new labor agreement. – We don’t know the end of this story, says Tim Seymour.

Men's Wearhouse (MW) dropped 7%. The men's formalwear retailer closed down sharply ahead of same store sales. – It’s a tough time to be a retailer, says Jeff Macke.

Greenbrier (GBX) dropped 6%. The railroad parts company swung to a profit, but was still short of analyst expectations. – I think you can buy it on a pullback, says Guy Adami.

AT&T (T) dropped 2%. Big telecom stocks were down across the board today. – It’s profit taking, explains Pete Najarian.




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Trader disclosure: On Apr .9, 2008, 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 (AAPL), (AMR), (BIIB), (CSCO), (NOK), (TSO), (XLF), (YHOO), (EMC), (WLT); Najarian Owns (CHK) Calls, (COP) Calls, (MSFT) Calls, (SLB) Calls; Najarian Owns (LEH) Puts, (OIH) Puts; Macke Owns (YHOO), (INTC), (DIS), (MSFT); Seymour Owns (AAPL), (BX), (CHL), (CSCO), (INTC), (MSFT), (SBUX), (TSO), (TIE); Seygem Asset Management Owns (COP)