Pops & Drops: Apple, Goodyear...
Following are the day’s biggest winners and losers. Find out why shares of Apple and Sysco popped while Goodyear Tire and Alberto-Culver dropped.
POPS (stocks that jumped higher)
Sysco (SYY) popped 9%. The food distributor surged after a 9% increase in profits proved the company was able to pass on higher prices to clients and consumers. – I like it, says Jeff Macke.
Apple (AAPL) popped 2%. The iPhone-maker has continued to rise steadily since last week's earnings. – I feel bad that I sold the stock, says Karen Finerman.
Hamptons copper thieves. Fashion designer Isaac Mizrahi was just the latest victim of a wave of "copper thefts" that are sweeping the Hamptons according to the New York Post. Driven by the metal's near 500% gain over the last 5 years, the burglars are emptying homes in the posh summer enclave of their copper fixtures, and selling them for scrap.
Humana (HUM) popped 3%. Higher enrollment from elderly patients helped the health insurer achieve a 13% increase in profits. – Be careful, counsels Guy Adami.
Nomura Holdings (NMR) popped 12%. The Japanese brokerage raised $1.9 billion to buy stakes in other foreign investment banks. – It’s okay to take a look, says Tim Seymour.
RF Micro Devices (RFMD) popped 4%. The maker of radio frequency tags received an upgrade on Friday by Jeffries & Co. – They say the Asian handset glut is over, reveals Guy Adami
Leonardo Da Vinci. Swiss amateur parachutist Olivier Vietti-Teppa used Leonardo DaVinci's 15th century design for a parachute to land safely after jumping out of a helicopter hovering at 2000 feet.
DROPS (stocks that slid lower)
Goodyear Tire (GT) dropped 6%. The nation's largest tire-maker received a downgrade to "neutral" from "overweight" at JP Morgan. – It gave up all the gains from last week, adds Guy Adami.
Alberto-Culver (ACV) dropped 7%. Although sales of TREsemme helped the beauty products maker to post a 29% gain in profits, revenue figures came up short of expectations. – Hmmm, says Tim Seymour.
Gemstar-TV Guide (GMST) dropped 21%. The media company fell after the expiration of a deadline that would allow shareholders to receive cash in its proposed buyout by internet security firm Macrovision. – Don’t bother, says Jeff Macke.
Bebe Stores (BEBE) dropped 11%. The women's retailer plummeted after a pair of downgrades from Brean Murray Carret and Roth Capital Partners. – Look elsewhere, counsels Karen Finerman.
Sealy (ZZ) dropped 6%. The mattress maker received a downgrade to "neutral'' from "buy'' by SunTrust Robinson Humphrey. – Get out, exclaims Jeff Macke.
Smurfit-Stone Container Corp. (SSCC) dropped 7%. The cardboard packaging firm fell for no clear reason. – I don’t know why it came to roost today, says Karen Finerman.
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Trader disclosure: On Apr. 28, 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 (MSFT), (DIS), (INTC), (ATVI); Seymour Owns (AAPL), (EEM), (F), (HAL), (INTC), (MSFT), (TSO), (DUG); Seygem Asset Management Owns (GFA), (PBR); Finerman's Firm And Finerman Own (FLS), (HD), (KALU); Finerman's Firm Owns (MSFT), (NOK), (SUN), (TSO), (VLO); Finerman's Firm Owns A Bullish Call Spread In (YHOO) And Owns (YHOO) Stock; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY), (COF); Finerman's Firm Is Short The British Pound; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC