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Pops & Drops: EMC Corp., China Digital TV...

Thursday, 15 May 2008 | 6:55 PM ET

Following are the day’s biggest winners and losers. Find out why shares of EMC Corp. and NVIDIA popped while Ctrip.com and China Digital TV dropped.

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

POPS (stocks that jumped higher)

EMC (EMC) popped 9%. Speculation Thursday that EMC may sell all or part of its majority stake in VMWare sent shares soaring. – I like this stock, says Guy Adami.


NVIDIA (NVDA) popped 8%. Friedman, Billings Ramsey said the second-quarter PC build forecast was bullish for chip stocks including this graphics card maker. – I also like this stock for PC sales, says Jeff Macke.



Jennifer Sharpe.
The 15-year old from Detroit sold 17,328 boxes of Girl Scout cookies and financed a trip to for her troop to Europe selling Samoas, Do-Si-Dos and Thin Mints. Although the Scouts do not keep track national sales records it is believed that Jennifer now holds the title of most boxes sold.

Sotheby's (BID) popped 8%. Like Christie's before it, Sotheby's had a successful contemporary art auction Wednesday night selling works by Warhol, Koons, and Damien Hirst.

Peabody Energy (BTU) popped 8%. The coal miner touched a new 52-week high Thursday for no clear reason. – It got a nice upgrade on Thursday, explains Pete Najarian.

The Knot (KNOT) popped 7%. Stanford research said the CBS-CNET deal would launch a new wave of internet advertising consolidation. – I think it’s a sell, says Jeff Macke.

Posco (PKX) popped 7%. In the wake of the Chinese earthquake investors bid up the Korean steel firm as a play on rebuilding. – South Korea hasn’t been the greatest place to invest lately, says Guy Adami.

Saks (SKS) popped 9%. High end retailers benefited this week after Macy's surprise earnings.

Hewlett-Packard (HPQ) popped 2%. Investors returned to HPQ after selling off shares in the wake of its EDS offer. – I think the EDS acquisition was terrific, says Pete Najarian.

DROPS (stocks that slid lower)

Ctrip.com (CTRP) dropped 9%. China's biggest online travel company said sales would only grow 30% next quarter, shy of the 39% growth previously expected. It was downgraded at Susquehanna after the news. – It’s getting beat up here, says Tim Seymour.

China Digital TV Holding (STV) dropped 11%. The maker of cards for digital TV access posted disappointing earnings. – It’s down about 80% from its IPO, explains Tim Seymour.

CEO Pay.
A new survey by Mercer consulting shows that the recession has led to CEO paycuts. Salaries of 50 large U.S. companies (those with revenue over $60 billion) showed a 15.8% average drop in direct compensation last fiscal year. But you can dry your eyes, the median salary in this group is $14 million.

Sealy (ZZ) dropped 2%. This mattress stock added to its 40% decline year to date.

Melco PBL (MPEL) dropped 5%. Despite swinging to a profit this quarter investors sold-off shares of the Macau-based casino.

Charles Barkley. The Wynn casino is suing Charles Barkley for failing to pay off $400,000 in debts which he incurred over a weekend last October. If the former NBA star cannot pay he may face felony charges.




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Trader disclosure: On May 15, 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), (EMC), (DIS), (MSFT); Adami Owns (BTU), (C), (GS), (INTC), (MSFT), (NUE), (AGU); Najarian Owns (AAPL), (HPQ), (NOK), (TSO), (XLF); Najarian Owns (C) Calls, (MSFT) Calls, ; Seymour Owns (AAPL), (BX), (CSCO), (INTC), (MER), (TSO); Seygem Asset Management Owns (PKX), (FMX), (NIHD), (SSL), Gazprom; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC

  Price   Change %Change
6883
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ZZ
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CTRP
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HPQ
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SKS
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549
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BTU
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NVDA
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EMC
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