Pops & Drops: Marvel, Disney...
Following are the day’s biggest winners and losers. Find out why shares of Marvel and Disney popped while Garmin and BHP Billiton dropped.
POPS (stocks that jumped higher)
Marvel Entertainment (MVL) popped 7%. The comic book maker behind the success of "Iron Man" climbed again ahead of this week's opening of "The Incredible Hulk." – I’m excited about this movie, says Guy Adami.
The Walt Disney Company (DIS) popped 2%. Disney estimates retail merchandise sales could top $30 billion. – Jeff Macke can’t find words.
Pall Corporation (PLL) popped 5%. Earnings at this filtration and purification company beat Street estimates by 4 cents. – I think it’s a good company, says Guy Adami.
United Rentals (URI) popped 13%. The equipment rental company said it will offer a "modified Dutch auction" style stock buyback of 27.2 million shares. – Not bad, says Karen Finerman.
American Superconductor Corporation (AMSC) popped 19%. The energy technology company soared after it secured a $450 million deal to provide wind power components to a Chinese concern.
J. Crew Group (JCG) popped 5%. Brean Murray initiated coverage of the clothing company with a “Buy” rating.
DROPS (stocks that slid lower)
Garmin (GRMN) dropped 6%. The GPS device maker slid on news that rival TomTom's navigation software is up and running on the 3G iPhone. – This was the last thing Garmin needed, says Karen Finerman.
BHP Billiton Limited (BHP) dropped 3%. Investors worry that the global economic slowdown will curb demand for metals. – China is making a move to buy a significant portion of this company, adds Tim Seymour.
Wrigley Field. 100 years and the Chicago Cubs still can’t catch a break. Wrigley Field, home of the lovable losers, is back on the market again after owner Tribune Corporation’s deal to sell the stadium fell through.
Monk Seal. The New York Times reports the seal, which hasn’t been seen since 1952, was officially declared extinct by federal fishery authorities.
Teva Pharmaceutical Industries (TEVA) dropped 3%. A generic version of Teva’s MS drug will be sold by Mylan in India and the Ukraine
Synchronoss Technologies (SNCR) dropped 17%, The software developer was down big on news its account activation software will not be used with the 3G iPhone rollout
Banco Itau Holding Financeira S.A. (ITU) dropped 4%. Shares of the large Brazilian bank fell on concern that the country's central bank will raise rates to curb inflation
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Trader disclosure: On June 10, 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), (MSFT), (DIS), (WMT); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Finerman Owns (GS); Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (AAPL); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (XME) Puts; Finerman's Firm Is Short British Pound; Finerman's Firm Is Short (GLD), (IYR), (IJR), (MDY), (SPY), (IWM); Seymour Owns (AAPL), (F), (INTC), (MER), (MSFT), (TSO), (EEV); Seygem Asset Management Owns Gazprom, (HAL), (TUR; Gazprom Trades Over The Counter In The U.S. But Trades On The Exchange In London