Pops & Drops: Goodyear, Visa...
Following are the week’s biggest winners and losers. Find out why shares of Goodyear and Visa popped while Delta and Mattel dropped.
POPS (stocks that jumped higher)
Goodyear (GT) popped 4%. A stronger than expected quarter drove the tire maker up, up, up, just like its blimp. – This stock looks good to me, says Guy Adami.
Visa (V) popped 9%. Ahead of earnings Monday, the credit card company popped in part due to better than expected numbers from competitor American Express. – This stock aint’ cheap, says Karen Finerman.
YRC Worldwide (YRCW) popped 15%. The trucker really got moving after a Morgan Keegan analyst upgraded the stock, citing improving business conditions. – It’s worth a look, says Guy Adami.
Wendy’s (WEN) popped 10%. Shares of the hamburger chain started to sizzle after Nelson Peltz’s Triarc group agreed to buy the company for $2.34 billion. – It was a big black eye for corporate governance, exclaims Jeff Macke.
Trimble (TRMB) popped 22%. Investors liked hearing about their strong earnings and an improved outlook. – Very nice, says Karen Finerman.
Schering Plough (SGP) popped 11%: Sales of its rheumatoid arthritis drug lifted the drug maker. – I think their pipeline looks good, says Pete Najarian.
China ETF (FXI) popped 8%. After the Chinese government lowered capital gains taxes this ETF marched higher. – That’s a big move, muses Karen Finerman.
Darren McFadden. The Arkansas star is expected to be the top running back taken this weekend when the N-F-L draft gets underway on Saturday.
Ericsson (ERIC) popped 23%. Shares of the wireless maker popped after the company posted a narrower than expected loss.
Penguin wearing wet suits Biologists at the California Academy of Sciences have outfitted Pierre, a 25 year old balding penguin, with the first penguin wet suit. The aging Pierre had lost so many feathers that he refused to swim in the penguin tank with the other 19 penguins and sat shivering on the sidelines. Now he's swimming around, healthy and happy.
DROPS (stocks that slid lower)
Delta (DAL) dropped 21%. The airline failed to take flight after oil touched a record high. – Oil at current levels is bad for all the airlines, says Pete Najarian.
Newmont Mining (NEM) dropped 3%. Despite an upgrade Friday morning, shares of the miner fell as gold lost ground on the strength of the dollar. – I think it has room on the downside, says Guy Adami.
United Health (UNH) dropped 9%. The country’s second largest health insurer reported disappointing earnings and a reduced outlook. – Move along, says Jeff Macke.
Mattel (MAT) dropped 12%. The Barbie maker missed analysts’ estimates, citing soaring costs for raw materials. – I told you so, exclaims Jeff Macke.
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Trader disclosure: On Apr. 25, 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), (DIS), (ATVI), (HAS); Najarian Owns (AAPL), (TSO), (XLF), (YHOO); Najarian Owns (CHK) Calls, (MSFT) Calls, (POT) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (MO), (GE), (MSFT), (PM), (SUN), (TSO), (VLO); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (YHOO) Call Spreads; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC; Charles Schwab Is A Sponsor Of "Fast Money"