GO
Loading...

Pops & Drops: Nike, Whole Foods...

Wednesday, 14 May 2008 | 6:50 PM ET

Following are the day’s biggest winners and losers. Find out why shares of Nike and BHP Billiton popped while Whole Foods and American Apparel dropped.

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

POPS (stocks that jumped higher)

Nike (NKE) popped 3%. The president of the sneaker giant said the company might purchase a Chinese or Japanese rival to boost their Asian business. – Good reasons for a pop, says Pete Najarian.


BHP Billiton (BHP) popped 3%. Speculation Wednesday that China may take a stake in the world's largest mining company sent shares higher. –It’s getting a little rich on a valuation basis, says Guy Adami.


Astrazeneca (AZN) popped 2%.
The FDA approved the drug company's anti-psychotic drug, Seroquel. – Interesting, says Pete Najarian.

RF Micro Devices (RFMD) popped 4%. A Merrill analyst upgraded the maker of RFID tags and cited improvements from a recent restructuring. – I don’t like it, says Guy Adami.

Coach (COH) popped 5%. The luxury handbag maker rose after Macy's beat profit and sales expectations. – Very nice, says Karen Finerman

Schering Plough (SGP) popped 3%. Bernstein analysts raised their price target for the pharma name to $25 from $22.

Under Armour (UA) popped 5%. The sporting equipment company replaced IndyMac in Standard & Poor's Mid-Cap 400. – I think this company's share price is stuck for the next year, says Jeff Macke.

E*Trade (ETFC) popped 6%. The online broker's trading volume for April came in higher than expected.

Energizer (ENR) popped 5%. The battery company with a pink bunny as its mascot got a $100 price target at Bernstein and Merrill reiterated its "Buy" rating.

Sotheby's (BID) popped 11%. Bank of America said a contemporary art auction at rival house Christie's (which posted a total hammer price of $331.4 million) "bode well" for Sotheby's.

Velcro. Wednesday marks the 50th Anniversary of the day Velcro was trademarked in the United States. To celebrate, workers at a New Hampshire Velcro factory assembled in a one-mile long line and ripped apart strips of the sticky fabric.

DROPS (stocks that slid lower)

Whole Foods (WFMI) dropped 14%. Profit at the upscale supermarket fell 13% this past quarter.- I’m a skeptic, says Jeff Macke.

American Apparel (APP) dropped 9%. The hipster T-shirt company with the "colorful" CEO said first quarter profit was off 34%. – Stay away, counsels Karen Finerman.




______________________________________________________
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 May 14, 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 (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (MSFT), (INTC), (WMT), (EMC), (DIS); Pete Najarian Owns (AAPL), (BKC), (ENER), (TSO), (XLF); Pete Najarian Owns (C) Calls, (MSFT) Calls, (YHOO) Calls; Finerman Owns (GS); Finerman's Firm Owns (JCP), (MSFT), (SUN), (TSO), (VLO), (AEO), (PLCE); Finerman's Firm Owns (YHOO) Puts And Call Spreads; Finerman's Firm Owns (C) And (C) Leaps; 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
ENR
---
ETFC
---
UA
---
COH
---
RFMD
---
AZN
---
BHP
---
NKE
---

Featured

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