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Pops & Drops: Intel, General Motors...

Friday, 18 Jul 2008 | 6:34 PM ET

Following are the week’s biggest winners and losers. Find out why shares of Intel and General Motors popped while ConocoPhillips and Advanced Micro Devices dropped.

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

POPS (stocks that jumped higher)

Intel (INTC) popped 7%. Bolstered by strong demand for chips, the world's largest computer-chip maker posted a 25% jump in second-quarter profits. – I don’t think Intel is much to look at going forward, says Jeff Macke.

Homebuilders (XHB) popped 15%. The Commerce Department reported that construction of multifamily units surged by 42.5% last month. – Housing starts were lost in the shuffle this week, says Joe Terranova.

General Motors (GM) popped 32%. Investors embraced GM's cost-cutting plan which includes slashing its work force and suspending its dividend. – I think it’s a dead cat bounce, says Karen Finerman. They don’t seem to have products that consumers want. I’d stay away.

Nokia (NOK) popped 6%. The world's largest cell phone maker reported better-than expected results showing the people still like to chat in a tough economy. – I’m interested to see if they have follow through, says Pete Najarian.

Mattel (MAT) popped 19%. The toy maker posted better than expected earnings and won a jury verdict concerning Bratz dolls. – I like Hasbro better, says Jeff Macke.

Macy's (M) popped 17%. Macy’s CEO Terry Lundgren reassured investors his company was dressed for success and a JPMorgan analyst removed his sell rating on the stock. – It’s a nice turnaround, says Karen Finerman.

Werner Enterprises (WERN) popped 26%. A JPMorgan analyst upgraded the company to 'Neutral' from 'Underweight,' citing the trucking company's improving fuel efficiency and capacity utilization.

Tempur-Pedic (TPX) popped 28%. The luxury mattress maker soared on strong sales showing that nothing beats a good night’s sleep.

IMAX Corp. (IMAX) popped 19%. The large format movie theatre operator said it had strong advanced ticket sales for “The Dark Knight.”' – It’s a little ahead of itself, says Jeff Macke.

DROPS (stocks that slid lower)

ConocoPhillips (COP) dropped 5%. Lower crude prices dragged down the third-largest U.S. oil company as well as its peers. – It’s was a liquidation trade, says Joe Terranova. I think it’s going higher, next.

Advanced Micro Devices (AMD) dropped 4%. The chipmaker reported a wider second-quarter loss than expected and said CEO Hector Ruiz would step down. – The chip makers just can’t get out of their own way, says Pete Najarian.

Evergreen Solar (ESLR) dropped 11%. The solar company initially popped after inking a $1.2 billion deal with IBC Solar, but then dropped after it guided lower.






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Trader disclosure: On July 18, 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 (ATVID), (MSFT), (GS), (WMT), (HAS); Pete Najarian Owns (AAPL), (CHK), (TSO), (XLF); Pete Najarian Owns (CSCO) Calls, (MRK) Calls, ; Pete Najarian Owns A (YHOO) Call Spread; Finerman Owns (GS); Finerman's Firm And Finerman Own (PDE); Finerman's Firm Owns (MCC), (MSFT), (SUN), (TSO), (VLO), (MCC); Finerman's Firm And Finerman Own (C), (C) Leap; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Terranova Owns (VLO), (RIMM), (INTC), (YHOO), (GOOG), (CME), (FCX), (BNI), (XLF), (IYT), (SU), (SA); Terranova Is Short September Crude Oil $130 Puts; Terranova Is Short September Crude Oil $130 Calls; Terranova Is Long September Crude Oil $154 Calls

Terranova Is Phoenix Investment Partners' Chief Alternatives Strategist And Co-Manages The Phoneix Diversifier Fund; Phoenix Investment Partners Owns More Than 1% Of (DBV), (RWX), (LNET), (EXR), (SKT), (DLR), (IGE), (ARE), (DBC), (ABD), (OFC), (CLB), (BLV), (CNTY), (FL), (HPC), (PSPT), (ESS), (OIIM), (BIG), (ENG), (PFD), (DRH); Phoenix Diversifier Fund Owns (IGE), (DBC), (DBV), (GOOG)

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  Price   Change %Change
AMD
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COP
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TPX
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WERN
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M
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MAT
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NOK
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GM
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INTC
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