Smithfield Foods (SFD) popped 8%. The world's biggest pork company said it would increase its slaughter - which investors believe will lead to higher prices later in the year. – Move along, counsels Jeff Macke.
Compuware (CPWR) popped 11%. The business software company said licensing revenue was up 37% on the quarter; profits also topped expectations. – Good enough, says Pete Najarian.
Potatoes. From wheat to rice to corn, skyrocketing prices in the world's food staples has governments turning to the humble (and much derided) potato as a savior crop. Prices have remained stable because the crop isn't traded on global exchanges.
Charles Schwab (SCHW) popped 9%. Profit at the broker was up 12% on a quarter-million new accounts. – Looks like good things are happening with Schwab, says Guy Adami.
Walter Industries (WLT) popped 3%. The coal mining company climbed higher for no clear reason. – Coal the commodity moved higher and Walter got the pop, says Pete Najarian.
Zale Corp (ZLC) popped 10%. The diamond retailer surged Tuesday on little news. – It’s just curious, says Karen Finerman.
French Spiderman. Alain Robert (aka French Spiderman) struck again Tuesday, climbing the 45-story Hong Kong Four Seasons with his bare hands and no safety equipment in an act meant to draw attention to the global warming crisis. Robert has climbed more than 80 of the world's tallest buildings, including the Eiffel Tower, Malaysia's Petronas Towers and the 88-story Jin Mao Tower in Shanghai.
DROPS (stocks that slid lower)
Forest Labs (FRX) dropped 9%. The drug maker's 2009 forecast came in below analyst expectations. – I think this stock will become a value play, says Guy Adami.
Manitowoc (MTW) dropped 9%. After the crane company paid nearly $2 billion for food service firm Enodis, investors raised doubts over the growth of its core construction business. – We’ll see, says Pete Najarian
Las Vegas Sands (LVS) dropped 7%. After MGM slashed jobs due to slowing revenues investors also cashed out of competitor Las Vegas Sands. – Not good, says Guy Adami.
Capital One (COF) dropped 2%. The credit card company sunk before Thursday's earnings. – I’m short, says Karen Finerman.
Alaska Air (ALK) dropped 5%. Higher oil prices took their toll on airlines both big and small.
Northrop Grumman (NOC) dropped 7%. The defense contractor had to take a $360 million charge this quarter related to delays in delivery of its "Makin Island" amphibious assault ship. – Not interested, says Jeff Macke.
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Trader disclosure: On Apr. 15, 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 (YHOO), (INTC), (MSFT); Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (MO), (MSFT), (PM), (SUN), (TSO), (VLO), (YHOO, (UFS); Finerman's Firm Is Short (SPG), (COF); Najarian Owns (AAPL), (AMR), (BIIB), (CSCO), (MSFT), (TSO), (XLF), (YHOO); Najarian Owns (LEH) Puts; Najarian Owns (WLT) Calls; Najarian Owns A Call Spread In (IBM); Najarian Owns A Call Spread In (INTC); Charles Schwab Is A Sponsor Of "Fast Money"