Pops & Drops: Bucyrus, U.S. Steel...
We didn't have time for this on TV but following are the day’s biggest winners and losers. Find out why shares of Bucyrus and U.S. Steel popped while Hasbro and AIG dropped.
POPS (stocks that jumped higher)
U.S. Steel (X) popped 3%. Investors have a good feeling about Tuesday’s earnings report from Letter X.
Turbochef Tech. (OVEN) popped 15%. The speed cook oven maker traded higher after Starbucks announced it will continue selling hot breakfast sandwiches in its shops.
Bucyrus (BUCY) popped 3%. Coal for everyone! The mining equipment maker popped after Friday's strong earnings report.
Alberto-Culver (ACV) popped 9%. It’s not only the models on Project Runway who enjoy Tresemme. Q3 profits climbed more than analysts estimated
Chesapeake Energy (CHK) popped 1%. China National Petroleum Corp. may bid on some of Chesapeake’s shale gas assets
Greek ship. You might call this one a drop, then a pop. An ancient Greek ship returned to the surface Monday some 2,500 years after it sank in the Mediterranean Sea. Cranes lifted the remains of the 21-meter long vessel out of the water on Monday, making it the largest ancient Greek vessel ever discovered.
DROPS (stocks that slid lower)
NYSE Euronext (NYX) dropped 5%. The Big Board took a hit for no clear reason.
Hasbro (HAS) dropped 6%. Needham downgraded the stock to 'Hold' from 'Buy' on inflation concerns.
Quicksilver (ZQK) dropped 7%. The apparel company said one of its board members was stepping down.
AIG (AIG) dropped 12%. Investors fear big losses may be coming onto the balance sheet.
Ryanair (RYAAY) dropped 25%. Europe’s low-cost airline warned it may post its first ever an annual loss.
Vanda Pharma. (VNDA) dropped 73%. The FDA rejected the company's schizophrenia drug.
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Trader disclosure: On July 28, 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), (DIS), (WMT), (ATVID), (MSFT); Adami Owns (BTU), (C), (AGU), (GS), (MSFT), (NUE); Finerman Owns (GS); Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO); Finerman's Firm And Finerman Own (C), (C) Leaps; Finerman's Firm Is Short (BBT), (XLF), (IYR), (IJR), (MDY), (IWM), (SPY); Finerman's Firm And Finerman Own (C), (C) Leaps; Najarian Owns (CSCO) Calls, (YHOO) Calls, (SKF) Calls, (WLT) Calls; Najarian Owns (TSO) And Is Short (TSO) Calls; Najarian Owns (AAPL) And (AAPL) Puts; Najarian Owns (XLF) Puts