Alcoa (AA) popped 8%. Materials names climbed on the week; the aluminum giant also named a new CEO Friday. – I like this stock, says Guy Adami.
H&R Block (HRB) popped 5%. The Office of Thrift Supervision relaxed the tax preparer's capital requirement. – I’m not excited, says Pete Najarian.
Bon Jovi. For their next 100-city world tour Bon Jovi concerts are going high-tech. The band will spend over $2 million on 10ft by 10ft robotic screens with 40,000 moving parts. To get a closer look at these technological marvels, check out High Net Worth Friday night at 8:30 & 11:30pm ET on CNBC.
Applied Micro Devices (AMD) popped 13%. The chip maker filed a brief in its antitrust lawsuit against Intel and alleged Intel pressured PC makers not to use AMD chips. – I’m not a fan, says Guy Adami.
True Religion Apparel (TRLG) popped 16%. The maker of $200 jeans posted a 35% jump in quarterly profits and raised its full year guidance. – I think it’s a sell, says Jeff Macke.
Priceline.com (PCLN) popped 10%. After raising its forecast the online travel agency moved higher.
Estee Lauder (EL) popped 8%. Slowing sales at U.S. department stores sent profits down 4% but shares rallied on an increased full-year forecast.
Duggars. The Duggars, a family from Arkansas, announced on the Today show this morning that they are expecting their 18th child.
DROPS (stocks that slid lower)
Clear Channel Communications (CCU) dropped 4%. The radio company posted strong earnings on higher ad revenue but that was overshadowed by continued concerns regarding its buyout deal with Bain and Thomas H. Lee partners. – Not good, says Jeff Macke.
Sotheby's (BID) dropped 13%. The auction house said lower commissions and higher marketing and salary costs led to a $12 million loss. – The expenses are out of line, explains Karen Finerman.
The Knot (KNOT) dropped 15%. First quarter profit at the wedding website fell 65%. – Not yet, says Jeff Macke.
Tesoro (TSO) dropped 14%. $125 crude continued to squeeze margins at the refiners. – Imagine oil as a problem, Karen Finerman says.
General Motors (GM) dropped 12%. Workers at a Kansas plant walked off the job over a labor dispute and disrupted production of the popular Chevy Malibu.
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Trader disclosure: On May 9, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami Owns (C), (GS), (INTC), (MSFT), (AGU), (BTU), (NUE); Najarian Owns (AAPL), (BKC), (TSO), (XLF); Najarian Owns (AA) Calls, (BID) Calls, (BUD) Calls, (C) Calls, (MSFT) Calls, (YHOO) Calls; Macke Owns (ATVI), (MSFT), (INTC); Finerman Owns (GS); Finerman's Firm And Finerman Own (KALU), (HD); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (MSFT), (TSO), (VLO), (PLCE); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); WWE Programs Air On Networks Of NBC Universal, The Parent Company Of CNBC