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Pops & Drops: Petrochina, AIG...

Following are the day’s biggest winners and losers. Find out why shares of Petrochina and AIG popped while Sirius and UBS dropped.

POPS (stocks that jumped higher)

Petrochina (PTR) popped 5%. China's decision to increase gas and diesel prices should instantly boost margins for this oil giant's refining business. – Kudos to the traders who bought PTR, says Joe Terranova.

AIG (AIG) popped 5%. Citigroup upgraded the insurer to "Buy" from "Hold" and raised the price target to $42 from $41. – I wouldn’t buy it, says Guy Adami.

Goats. In France, goats embarked on their annual 70-mile trek over hilly and rocky terrain to graze greener pastures for the summer, traveling through several local towns on their way. Shepherds believe the special French fields are the secret behind their tasty goat cheese.

Carnival Cruise (CCL) popped 5%. The cruise line beat on profits and revenues although it also lowered its full year outlook on fuel costs. – But who can afford to fly to their ports to board their ships, questions Jeff Macke.

Casella Waste Systems (CWST) popped 12%. The trash hauler guided higher and received an upgrade from JPMorgan.

Gerber Scientific (GRB) popped 7%. Profits jumped 10% thanks to strong demand at the company's specialty sign-making business.

DROPS (stocks that slid lower)

Alpha Natural Resources (ANR) dropped 6%. Although the coal producer received an upgrade from Morgan Stanley, shares tumbled. – I still like this name, says Pete Najarian.

Sirius (SIRI) & XM Satellite Radio (XMSR) dropped more than 12%. Goldman Sachs cut its target on the soon-to-be-wed satellite radio companies. – I told you to sell them on Monday, sighs Jeff Macke.

UBS (UBS) dropped 4%. Goldman Sachs said the European bank, which has major US-mortgage market exposure, will likely face more writedowns in the second quarter. – Hmmm, says Joe Terranova.

J.M Smucker (SJM) dropped 8%. The jelly, jam, and peanut butter company missed EPS and revenue expectations and said it expected '09 raw materials costs to soar. – Take the "M" out of Smucker and that’s what you are if you bought this stock – a sucker, says Guy Adami.

Motorola (MOT) & Nokia (NOK) dropped more than 4%. Profitability came under pressure due to competition and higher development costs. – Stay away, says Pete Najarian.

Australia. New data shows that the 'Land Down Under' is now on top as the world's fattest nation. 26% of the population is technically "obese" as compared to America which is at 25%.

Pier 1 Imports (PIR) dropped 20%. The home funinshing retailer posted a worse-than-expected quarterly loss.

Scotts Miracle-Gro (SMG) dropped 9%. The garden fertilizer firm was cut to "Underperform" from "Market Perform" at BMO Capital Markets.

Brothels. Revenues at legal Nevada brothels are down 45%.The high cost of diesel has hurt the income of their primary customers: truckers.

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Trader disclosure: On June 19, 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), (HAS), (WMT), (DIS); Adami Owns (C), (GS), (INTC), (MSFT), (NUE), (AGU), (BTU); Najarian Owns (AAPL), (ANR), (BHI), (CHK), (ENER), (NOK), (TSO), (XLF), (HPQ); Najarian Owns (SD) Calls; Terranova Owns (FXC), (IYT), (XLF), (YHOO), (LUV), (GOOG), (CME), (FCX), (SU), (BNI), (INTC); Terranova Is Long 2008 December Crude Oil; Terranova Is Short 2009 December Crude Oil

Terranova is chief alternatives strategist at Phoenix Investment Partners; Phoenix Investment Partners Ltd. Owns (RWX), (DBC), (DBV), (IGE), (AAI), (ALK), (AMR,) (APA), BP plc, British Airways plc, (CHK), (CVX), (COP), (CAL), (DAL), ENI SPA, (XOM), Gazprom, (HA), (HES), (HOC), (HSE), (JBLU), Lukoil, (MRO), (MUR), (OXY), Petrobras Intl Fin, Petro-Canada, (PBR), Petroleos De Venezuela, (QAN), (RJET), Royal Dutch Shell plc A Shares, (SKYW), (LUV,) (SU), (TSO), Texaco Capital, Total SA, (UAUA), (LCC), (VLO)

Symbol
Price
 
Change
%Change
SMG
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PIR
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NOK
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UBSN
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SIRI
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ANR
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CWST
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AFF
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1857
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