Pops & Drops: UPS, Vodaphone...
Following are the day’s biggest winners and losers. Find out why shares of Domino’s and UPS popped while Vodaphone and SanDisk dropped.
POPS (stocks that jumped higher)
United Parcel Service (UPS) popped 4%. The world's largest package-delivery company posted earnings that met expectations and said the second half of the year will be "modestly better'' than the first. – I think oil helped too, says Karen Finerman.
Domino's Pizza (DPZ) popped 22%. The second- biggest U.S. pizza chain announced strong profits in the face of rising cheese and grain prices. – Not bad, says Jeff Macke.
CME Group (CME) popped 12%. The world's largest futures exchange beat analyst expectations suggesting that it could benefit from higher trading volumes going forward. – It might be worth playing from the longside, says Joe Terranova.
The Stanley Works (SWK) popped 7%. Hammers, staple guns and more moved out the door with the company reporting higher sales. – Nice job, says Karen Finerman.
Royal Caribbean Cruises (RCL) popped 18%. Julie, your cruise director is safe, but the world's second largest cruise operator cut jobs. – I’m not a buyer, says Joe Terranova.
WellCare Health Plans (WCG) popped 24%. The managed care provider will restate earnings from 2004-2007. – Turns out it’s not a big amount of money and that’s cause for celebration, explains Karen Finerman.
Blockbuster (BBI) popped 7%. Pali Research upgraded the company to 'Buy' from 'Neutral' citing an impressive 1st quarter. – I’d sell the pop, says Jeff Macke.
Legg Mason (LM) popped 14%. The fund manager said it will be able to preserve its quarterly dividend. – I’d be a buyer around $31, says Joe Terranova.
Amylin Pharma. (AMLN) popped 8%. Goldman Sachs added the company to its Conviction Buy List saying it stands to benefit from the diabetes drug, Byetta. – They didn’t make a lot of money but they didn’t lose so much either, says an indecisive Pete Najarian.
DROPS (stocks that slid lower)
Vodafone (VOD) And Ericsson (ERIC) both dropped more than 10%. Both dropped on fears that consumer spending will slow on wireless products. – That’s a bad forecast, says Pete Najarian.
SanDisk (SNDK) dropped 24%. A product glut caused the chip maker to miss estimates. – It’s a tough time to be tech company, says Jeff Macke.
Batman. London police arrested Christian Bale, the actor who portrayed Batman in the smash hit 'The Dark Knight', on allegations that he assaulted his mother and sister in London's posh Dorchester Hotel.
Boston Scientific Corp. (BSX) dropped 11%. Earnings fell due to lower sales and charges from acquisitions and restructuring. – They’re starting to have problems, says Pete Najarian.
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Trader disclosure: On July 22, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (AAPL), (AMLN), (C), (CHK), (ETFC), (TSO), (ICO): Najarian Owns (CSCO) Calls, (MRK) Calls, (YHOO) Calls, (HUN) Calls; Macke Owns (GS), (WMT), (MSFT): Finerman Owns (GS); Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (M); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short (BBT), (WB), (IYR), (IJR), (IWM), (SPY), (MDY); Finerman's Firm Owns (HUN) Calls: Terranova Owns (BNI), (SA), (VLO), (RIMM), (CME), (FCX), (GOOG), (INTC), (IYT), (XLF), (SU), (YHOO); Terranova Is Long September Crude Oil $154 Calls; Terranova Is Short September Crude Oil $130 Puts; Terranova Is Short September Crude Oil $130 Calls;
Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.; Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO; 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 PHOLIO Owns (IGE), (DBC), (DBV)Charles Schwab Is A Sponsor Of "Fast Money"