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Pops & Drops: Valero, Lehman...

Friday, 18 Apr 2008 | 6:47 PM ET

Following are the week’s biggest winners and losers. Find out why shares of Valero and Lehman popped while State Street and Wynn dropped.

POPS (stocks that jumped higher)

Valero (VLO) popped 10%. Sanford Bernstein analysts said they expected improved refiner margins in the second quarter. – Get out of this stock, exclaims Jeff Macke.

Stock Pops & Drops
The Fast Money guys take a look at todayâ??s biggest market movers.

Baidu.com (BIDU) popped 20%. The "Google of China" mirrored the move in the world's largest search engine after it blew away earnings. – Stick with Google, counsels Pete Najarian.

Lehman Brothers (LEH) popped 16%. After JPMorgan, Merrill and Citigroup put up smaller than expected losses, the financials surged higher.

Fannie Mae (FNM) popped 9%. The mortgage finance company raced higher with the financials. – I like this trade, says Karen Finerman.

Tyson Foods (TSN) popped 13%. South Korea lifted a ban on imported meat from the U.S. - originally put in place in 2003 over mad-cow concerns. – Should work for Tyson, speculates Jeff Macke.

Ford (F) popped 11%. The U.S. automaker added to its more-than 40% gain over the last month. – Things might be starting to turn up, Guy Adami says.

Tempur-Pedic (TPX) popped 8%. A better than expected forecast from this mattress-maker sent shares soaring. – It’s a nice relief rally, says Jeff Macke, so get out.

Homebuilder ETF (XHB) popped 4%. The homebuilders rallied, despite a 17-year low in new housing starts. – I’d rather see you own Home Depot, says Guy Adami.

Value Click (VCLK) popped 10%. The online ad company became another beneficiary of Google's blowout earnings. I like this story and am long VCLK, says Karen Finerman.

Dollar Tree Stores (DLTR) popped 7%. The low-end retailer spiked for no clear reason. – They’re playing the weak consumer, explains Jeff Macke.

Exhumed Ortiz Jersey. We told you earlier in the week about the David Ortiz jersey buried in the cement at the new Yankee Stadium, and then exhumed by Yankee management to thwart any potential curse. Now, it's being auctioned on eBay, where the price stands at around $30,000. The proceeds will go to benefit charity.

DROPS (stocks that slid lower)

Forest Labs (FRX) dropped 10%. The drug maker ended as one of the biggest losers in the S&P for the week, after its 2009 forecast was below analyst expectations. – They’re putting more money into R&D which isn’t good short term, says Pete Najarian, but could be great long term.

State Street (STT) dropped 13%. The financial services company slumped on concerns over billions in potential subprime-related losses. – It’s a big loss, says Karen Finerman.

Wynn (WYNN) dropped 5%. A slide in gambling revenues forced competitor MGM to cut 400 jobs. – Wait a while on this stock, says Pete Najarian.

Intuitive Surgical (ISRG) dropped 13%. The maker of the DaVinci robotic surgery system fell after hours Thursday on a disappointing sales forecast. – They’re having a little bit of a problem, says Pete Najarian.

Briggs & Stratton (BGG) dropped 17%. The lawnmower engine-maker blew a gasket after warning a slow spring season would reduce its full year profit.


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Trader disclosure: On Apr. 18, 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 (DIS), (INTC), (MSFT), (YHOO); Najarian Owns (AAPL), (AMR), (BIIB), (CSCO), (MSFT), (NOK), (TSO), (XLF), (YHOO), (ETFC), (EMC), (NVS); Najarian Owns (BKC); Najarian Owns (BHI) Calls, (BSC) Calls, (COP) Calls, (DD) Calls; Finerman Owns (GS); Finerman's Firm Owns (JCP), (MSFT), (NOK), (PZN), (TSO), (VCLK), (VLO), (YHOO), (GE), (NOK); Finerman's Firm Owns (FNM) Calls; Finerman's Firm Is Short (COF); Charles Schwab Is A Sponsor Of "Fast Money"; GE Is The Parent Company Of CNBC

  Price   Change %Change
ISRG
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WYNN
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FRX
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DLTR
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CNVR
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TPX
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TSN
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FNMA
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BIDU
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VLO
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