Pops & Drops: Avis Budget, Blockbuster, 1-800-Flowers.com, Tim Hortons, Hot Topic and... Brett Favre
Following are Thursday's biggest winners and losers. Even with today's rough market, there were a number of pops, such as an internet florist, a Canadian fast food chain and a certain star athlete making the move to the Big Apple.
POP: AVIS BUDGET GROUP UP 13%
The second-biggest U.S. coal producer popping on overall strength in the industry. They "try harder" than the other car rental agencies, says Macke, which might help them "stave off bankruptcy off a little longer".
DROP: BLOCKBUSTER A BUST, DOWN 10%
Guys says he wouldn't care to "rent a movie" at this point, but Karen feels bad for the video rental chain and says of its loss today: "It's small."
DROP: FAMILY DOLLAR DOWN 5%
Joe advises, "Don't trade the earnings, trade the reaction." The stock's been moving higher, with decent numbers coming out today.
DROP: KING PHARMA DOWN 17%
Adami says, just like the Sade song, "'There's No Love' for King Pharma today," because of competition from generics. "Stay away."
POP: BRETT FAVRE GOING TO NY JETS
"The greatest quarterback that ever lived -- at least in terms of character," according to Dylan, is now a New York Jets, having been traded from the Packers. Adami, a Giants fan, is ambivalent, and Macke disputes the star quarterbacks' reputation of sterling character: "He's no Eli Manning." Karen, however, is as jubilant as Dylan, complimenting Favre on his passion for the game.
POP: TIM HORTONS UP 3%
Macke says it's the largest fast food chain up north, but that he'd "run it better" after he's elected minister of defense and has taken over Canada.
DROP: KAISER ALUM DOWN 14%
It's a big aerospace player, and Karen is staying with it, despite a blah quarter in which it missed predicted earnings by a few cents.
POP: 1-800-FLOWERS.COM UP 6%
Joe remarkes that he's "never used them" and that after its stock moved up $7, along with its decent earnings report, he'll "avoid them."
POP: BROOKDALE SR. LVIVING UP 16%
Dylan calls it a demographic play, and Adami agrees, pointing out its better-than-expected quarter. He continued by stating next year will be even better for the assisted living company, when "Brett Favre checks in."
An attorney Curtis Wolf has launched WhoCanISue.com, a site that determines users' chances at winning civil actions along with a directory of lawyers. Macke: "That's awesome."
DROP: HOT TOPIC DOWN 10%
This specialty retailer, which sells clothing and merchandise to "angry young girls" according to Macke, may have reached its trend expiration date.
Dean Peterson, a 6-foot, 250-pound mailman, is campaigning to add kilts as an official uniform option for male U.S. Postal Workers. Dylan muses that kilts could be more comfortable than pants in the summer, offering "better aeration." Karen has nothing to say on the matter.
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On Aug 7, 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 (MSFT) (DIS) (COST) (WMT), Adami Owns (AGU) (BTU) (GS) (C) (INTC) (MSFT) (NUE), Finerman's Firm Owns (ANF) Call Spread, Finerman's Firm And Finerman Own (KALU) (C) Leaps, Finerman Owns (GS), Finerman's Firm Owns (JCP) (MSFT), Finerman's Firm Is Short (IYR) (IJR) (SPY) (MDY) (IWM) (COF) (SPG) (KIM) (XLR), Terranova Owns (INTC) (GOOG) (BNI) (XLF) (IYT) (YHOO) (VLO) (RIMM) (SA) (SU) (KOL) (CME) (FCX), 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 (ABD) (ARE) (BRE) (CNTY) (CLB) (OFC) (DLR) (ESS) (EXR) (FL) (IAT) (IGE) (LNET) (MAC) (OIIM) (PSPT) (DBC) (DBV) (SLB) (SKT) (BLV), Phoenix Diversifier PHOLIO Owns (IGE) (DBC) (DBV), Sandler O'Neill Advised Clients In Deals Involving (BAC) (JPM), Sandler O'Neill Recvd. Inv. Bank. Comp. From (BAC) (C) In Past 12 Mos, Sandler O'Neill Expects To Receive or Seek Inv. Bank. Comp. From (BAC) (JPM) (C) In Next 3 Mos. (BAC) (C) (JPM) (MER), (MS) Are Clients Of Sandler O'Neill. Sandler O'Neill Was A Manager Or Co-Manager Of A Public Offering for (C) In Past 12 Mos. Sandler O'Neill Has Received Non-Inv. Bank. Comp. From (C) (JPM) (MER) (LEH) (BAC), (GS) Is A Non-Inv. Bank. Client Of Sandler O'Neill, Harte has disclosed for (BAC) (C) (GS) (JPM) (LEH) (MER) (MS), Jon Najarian Is Long (COF) Put Spreads, Jon Najarian Is Long (MRVL) Call Spreads, Jon Najarian Has No Position In (VIX)