Pops & Drops: Ford, Staples...
Following are the day’s biggest winners and losers. Find out why shares of Ford and Staples popped while iRobot and Apache dropped.
POPS (stocks that jumped higher)
Ford (F) popped 3%. The automaker's April sales were down 12% but shareholders shrugged off the declines. – I like this stock, says Guy Adami.
Nymex (NMX) popped 3%. Higher trading volumes sent profit at the exchange up 27%.
Gisele. Gisele Bundchen is the world's top earning supermodel this year, taking home approximately $35 million according to Forbes. However, that only boils down to about 22.6 million Euros.
Tyco Electronics (TEL) popped 7%. Forecast and profits were up on industrial demand which offset consumer weakness. – It was sales outside the US that really helped this company, says Karen Finerman.
Charles Ray Fuller. Charles Ray Fuller, a Dallas man, tried to cash a check for $360 billion which, he says, his girlfriend's mother gave to him to start a record business. He is being charged with forgery.
Staples (SPLS) popped 6%. Shares of this office supply company, as well as Office Max and Office Depot, went off to the races. – I don’t know why, says Karen Finerman.
Allied Waste (AW) popped 5%. The trash hauler posted an 82% increase in profits. – I guess people throw away more and more stuff every day, says Jeff Macke.
Mastercard (MA) popped 6%. UBS raised their price target from $275 to $350, maintaining their "Buy" rating. – It’s a real story, exclaims Guy Adami.
Dino Dung. If you've been watching Fast Money, you know that the price of fertilizer had been skyrocketing. Things are worse than we thought: a 130-million year old piece of dinosaur dung sold at auction for nearly $1000 last night. The winning bidder is the owner of OurPets - a pet waste removal company. He plans to display the specimen at his company's booth at trade shows.
DROPS (stocks that slid lower)
JDSUniphase (JDSU) dropped 16%. The telecom network testing company lost $6 million on the quarter - analysts expected a profit. – It might be the only company in the whole communications industry that’s suffering, Pete Najarian says.
iRobot (IRBT) dropped 11%. The maker of "Roomba" and "Scooba" household cleaning robots posted a bigger loss than expected, lowered guidance, and announced the departure of their CFO. – Go away, says Jeff Macke.
Apache (APA) dropped 6%. The natural gas company missed profit estimates. – I think it’s a buy at $126, says Guy Adami.
Greenhill (GHL) dropped 1%. Profit doubled at the boutique investment bank, but results still came up short as some of the firms deals hit delays.
Eastman Kodak (EK) dropped 4%. Although the photo company managed to trim its losses from the previous quarter, high research costs associated with Kodak's push into digital soured investors. – It’s just not coming together, exclaims Jeff Macke.
Shutterfly (SFLY) dropped 10%. The online photo company posted a wider loss than expected. – It’s not so loved anymore, says Pete Najarian.
Gold Reserve (GRZ) dropped 14%. After losing a quarter of its value yesterday when Venezuela rescinded a mining permit, a downgrade from JPMorgan sent the shares on another tumble. – It’s not good that gold is down, adds Pete Najarian.
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Trader disclosure: On May 1, 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); Adami Owns (AGU), (NUE), (BTU), (C), (GS), (INTC), (MSFT); Najarian Owns (AAPL), (TSO), (XLF), (YHOO); Najarian Owns (C) Calls, (CHK) Calls, (MSFT) Calls, (WLT) Calls, (POT) Calls; Finerman Owns (CHK), (GS), (HD); Finerman's Firm Owns (MSFT), (NYX), (SUN), (TSO), (TYC), (TEL), (VLO), (CMVT); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (C) And (C) Leaps, Finerman Owns (C); Finerman's Firm Is Short Pounds