GO
Loading...

Pops & Drops: Quest Diagnostics, Sears...

Monday, 21 Apr 2008 | 6:48 PM ET

Following are the day’s biggest winners and losers. Find out why shares of Quest Diagnostics and Jeffries Group popped while Sears and National City dropped.

POPS (stocks that jumped higher)

Quest Diagnostics (DGX) popped 8%. The medical test company said profits were up 32% due in part to its AmeriPath acquisition. – I like the space, says Pete Najarian.

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

Jeffries Group (JEF) popped 1%. This stock surged 15% mid morning on word the firm secured a capital infusion from Leucadia National Corp – however by the close shares drifted back to earth. – They used the money to buy shares of Leucadia, explains Karen Finerman.




Danica Patrick.
Danica Patrick became the first ever female winner in IndyCar racing, coming in First Place in the Indy Japan 300.

Western Union (WU) popped 3%. The money transfer giant jumped ahead of Tuesday's earnings. – Sell the news, exclaims Jeff Macke.

Hess (HES) popped 7%. Oil's march to $117 took Hess along for the ride. – They’re more than a refiner, explains Pete Najarian.

Pilgrim's Pride (PPC) popped 9%. Credit Suisse analysts said rising poultry prices should benefit the world's largest chicken producer.

DROPS (stocks that slid lower)

National City Corp. (NCC) dropped 28%. The Cleveland-based bank slashed its dividend from 21-cents to a penny, and sold a $7 billion stake to an investor group at a 40% discount. – Stay away, counsels Karen Finerman.

Sears Holding (SHLD) dropped 7%. Bank of America refused to renew a $1 billion letter of credit for America’s retail giant. – Tough times for Sears, says Jeff Macke.

Eaton Corp. (ETN) dropped 3%. The hydraulics company considered selling 17.5 million shares to pay down debt. – I like this stock as an early cycle name, says Guy Adami.

Amylin Pharmaceuticals (AMLN) dropped 10%. Lackluster sales of Byetta and other drugs disappointed investors. – I think it’s a buy on this pullback, says Pete Najarian.

China Mobile (CHL) dropped 2%. Although profits were up 37% for the quarter, investors sold the stock off for no clear reason. – I think it’s people taking profits, explains Guy Adami.

Thornburg Mortgage (TMA) dropped 3%. A subsidiary of the beleaguered home-loan company defaulted on $300 million worth of short-term notes. – It was only a 4 cent move, says Karen Finerman.

Centex (CTX) dropped 4%. Homebuilder shares slumped ahead of earnings. – If you want to play the space I prefer HD, counsels Guy Adami.

James Bond's Car. A stunt driver on the upcoming Bond film "Quantum of Solace" accidentally drove 007's car, an Aston Marten DBS, into Lake Garda in northern Italy. The driver emerged with only minor bruises.


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com.

Trader disclosure: On Apr. 21, 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), (YHOO), (MSFT), (HAS), (INTC); Najarian Owns (AAPL), (XLF), (YHOO), (UA) (NOK); Najarian Owns (BHI) Calls, (CHK) Calls, (MSFT) Calls, (RSH) Calls, (POT) Calls, (ICO) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (MSFT); Finerman's Firm Owns (SUN), (TSO), (VLO), (WMT), (YHOO), (BJS); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Owns Shares Of Expro International Group PLC; Finerman's Firm Is Short Pounds; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC; Charles Schwab Is A Sponsor Of "Fast Money"

  Price   Change %Change
ETN
---
SHLD
---
PPC
---
HES
---
WU
---
JEF
---
DGX
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report