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Pop & Drop
Following are the day’s biggest winners and losers. Find out why shares of Amgen and Home Depot popped while Rite Aid and First Marblehead dropped.

POPS (stocks that jumped higher)

Amgen (AMGN) popped 6%. A Lehman Brothers analyst said he thought Amgen will triumph in its legal attempt to thwart Roche from selling a competing anemia drug in the U.S. – Looking good, says Jon Najarian.

Home Depot (HD) popped 3%. The retailer climbed with the other "big box" stores. They were the primary winners after Thursday's same store sales. – I liked that this stock behaved well Thursday, says Jeff Macke.

Millennium Pharmaceuticals (MLNM) popped 49%. Japan's largest drugmaker Takeda Pharmaceuticals bought this biotech for $8.8 billion. – I think it could put a premium on other biotechs, speculates Jon Najarian.

Westlake Chemical Corp. (WLK) popped 7%. The small-cap plastics company was raised to "overweight'' from "equal weight'' by Morgan Stanley. – I like the chemical space, says Guy Adami.

Siliconware Precision Industries (SPIL) popped 5%. Thursday’s chip upgrades had a ripple effect overseas and gave this Taiwan-firm a lift. – I think it’s starting to break out, says Tim Seymour.

Peabody Energy (BTU) popped 3%. The coal name moved for no clear reason. – It’s a demand story, explains Jon Najarian.

Western Digital (WDC) popped 5%. The hard drive maker followed the tech rally to a “pop.” – I told you to buy it on a dip, reminds Guy Adami.

Dell (DELL) popped 1%. Dell said they were following competitor H-P into the low-price notebook market. Get out, counsels Jeff Macke.

DROPS (stocks that slid lower)

First Marblehead Corp. (FMD) dropped 3%. The securitiser of student loans wasn't able to obtain $1 billion in credit from Goldman Sachs. – Don’t go near this stock, counsels Tim Seymour.

Rite Aid (RAD) dropped 5%. Costs related to the Brooks and Eckerd integration led to a fourth quarter loss and a full year forecast below expectations. – Stay away, counsels Guy Adami. It’s been one of my worst calls over the last 12 months.

Focus Media Holding (FMCN) dropped 9%. The Chinese advertising firm slashed revenue expectations from its mobile phone business. – I think it’s still an interesting play, says Tim Seymour.

The TJX Companies (TJX) dropped 4%. TJ Maxx posted March same store sales that were flat. – No, no, no, says Jeff Macke.

Katie Couric. The anchor of "CBS Evening News" will be leaving the network after two years or record-low ratings, well before her contract expiration in 2011, according to the Wall Street Journal. CBS denied the rumors.

Ringo Starr. Vandals destroyed a life-size topiary of the Beatles unveiled in Liverpool two weeks ago - decapitating drummer Ringo, but leaving John, Paul, and George unharmed.

Pops & Drops
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Trader disclosure: On Apr. 10, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (MSFT), (YHOO), (EMC); Jon Najarian Owns (AAPL), (AG), (AGU), (AMGN), (AMR), (BG), (BHI), (C), (CCJ), (DD), (DE), (HON), (MLNM), (MON), (MOS), (TSO), (YHOO); Seymour Owns (AAPL), (CCJ), (CSCO), (F), (INTC), (MER), (MSFT), (SBUX), (TSO); Seygem Asset Management Owns (COP), (FMCN); Seygem Asset Management Owns Shares Of Uranium One; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC

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