Pops & Drops: American Express, Disney

Following are the day’s biggest winners and losers. Find out why shares of American Express and Disney popped while Hovananian and Valero dropped.

Stock Pops & Drops
Stock Pops & Drops   

POPS (stocks that jumped higher)

American Express (AXP) popped 3%. The credit card company affirmed their '08 forecast and said their future earnings would be unaffected by credit losses. – I’m not a fan of this stock, says Guy Adami.

Disney (DIS) popped 4%. The Mouse House broke a 5-day losing streak on speculation of a higher upfront ad-buy. – I like it, says Jeff Macke.

Goodyear Tire (GT) popped 4%. Fast Money’s "tire swing" is in full effect. If you’re a regular viewer you remember that Pete spotted options action in this name on Tuesday. – I told you so, he exclaims.

Cigarettes. A new $1.25 per-pack state tax in New York pushed the price of cigarettes to as much as $12.00 in certain parts of Manhattan.

Advanced Micro Devices (AMD) popped 6%. The semiconductor stock unveiled a new line of high-powered chips aimed to compete with Intel's line of laptop processors. – I don’t love it, says Guy Adami.

Hasbro (HAS) popped 5%. No news on the toy maker, but shares climbed sharply. – I’m long and I like it, says Jeff Macke.

Bob Evans Farms (BOBE) popped 17%. Net profit was higher than expected at the restaurant chain. It also reported a 4.4% same store sales increase and highlighted its "Big Farm Salads" promotion as a driving force behind the numbers. – This stock is okay by me, says Pete Najarian.

Gas Thieves. We've told you before about drivers intentionally breaking down to get a free gallon of gas. We also told you about and the spike in "fill then flee" gas station bandits and used-fryer oil pilferers. Now, the next generation in gasoline theft: the robbers are using giant pumps to steal hundreds of dollars worth of diesel fuel from tanks of 18-wheelers, which have 240-gallon tanks that can cost $750 to fill.

Koppers (KOP) popped 11%. UBS analysts upgraded this maker of carbon materials to "Buy" from "Neutral." – This is a new name to me, says Guy Adami.

Joseph A. Bank (JOSB) popped 11%. The men's formalwear company unexpectedly released earnings in the middle of the day and ahead of schedule - posting an 18% increase in profits.

Allergan (AGN) popped 1%. The maker of Botox announced it was working on a new drug - Bimatoprost - that stimulates eyelash growth.

DROPS (stocks that slid lower)

Hovnanian (HOV) dropped 10%. Looks like the bottom’s not yet in for this homebuilder, the quarterly loss at Hovnanian widened to $340 million. - Go somewhere else, says Karen Finerman.

Valero (VLO) dropped 5%. The refiner's 10% streak over five days came to a halt Wednesday. – Not good, says Karen Finerman.

TIBCO Software (TIBX) dropped 8%. Preliminary second-quarter profit for this business software designer missed expectations.

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Trader disclosure: On June 4, 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 (HAS), (INTC), (MSFT), (DIS); Adami Owns (BTU), (C), (AGU), (GS), (INTC), (MSFT), (NUE); Najarian Owns (AAPL), (ANR), (BHI), (CHK), (HPQ), (TSO), (XLF); Najarian Owns (LEH) Puts; Finerman Owns (GS); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (AAPL), (MSFT), (NYX), (SUN), (TSO), (VLO), (UFS) Finerman's Firm Owns SPX Index Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY)