Pops & Drops: Proctor & Gamble, Coach, Molson Coors, Allergan, Sunoco, DirecTV and Apple
Following are the week's biggest winners and losers, including a couple of well-known household goods companies, a luxury brand and a couple of techs thrown in for good measure.
POP: SPDR S&P HOMEBUILDERS POPS 9%
Karen: "At some point they had to pop."
POP: APPLE POPS 8%
Zach says Apple is "a great story" and is still down from it's high, so "it's got room to grow."
POP: PROCTOR & GAMBLE POPS 7%
Macke on the rise of the dollar: "America kicks butt, Dylan Ratigan." And he points out companies like PG, which are so rock steady, "they'll put you to sleep in your portfolio -- not necessarily a bad thing."
DROP: FREEPORT-MCMORAN COPPER & GOLD INC. DROPS 6%
Adam says it had a "lousy week," but on Aug 6, Citi made it a Top Pick and FCX is looking like a possible purchase for Companhia Vale do Rio Doce (CVRD).
POP: COSMETIC PROCEDURES
Dylan: "$100K for a better smile!" If interested, catch the details on this weeks episode of "High Net Worth" on CNBC.
POP: SUNOCO, INC. POPS 13%
Karen: Despite being "mathematically prevented from going up" it's finally achieved it -- after the drop in oil.
DROP: MOLSON COORS BREWING DROPS 8%
Karabell says they've been pinched by rising commodities and sales weren't that bad but maybe it "just doesn't taste so great and it isn't so filling."
POP: DIRECTV POPS 5%
Macke points out that football season is almost here, and opines to Dylan that the best way for him to see "Brett Favre smushed in hi-def" is with DirecTV.
POP: CHURCH & DWIGHT CO POPS 13%
Adami likes this maker of Trojan brand condoms and -- "in case those don't work" -- first response pregnancy tests. It's at an all-time high and "keeps going higher!"
POP: ALLERGAN POPS 13%
Karen: "Botox: any environment." It's not economically sensitive. And a whole lot cheaper than $100K for cosmetic surgery.
POP: COACH POPS 21%
The largest U.S. maker of luxury leather handbags up this week after meeting on earnings as profits rose 33%. Karabell: "This company lost half its value in the last year, so is popping from a really low base." And despite an attractive product line and global growth, "you've lost a lot of money in this stock if you've been hanging in it."
POP: LIVE NATION POPS 32%
Macke says, "It's a rip, it's a rally, it's an opportunity to sell," and adds that he can see Dylan play the gourd for free anytime.
DROP: THE KNOT DROPS 9%
The wedding planning web site dropped after missing on earnings, lowering full year guidance, and getting downgraded by multiple analysts. Adami: "When Dylan Ratigan ties the knot, that's when you get into this stock -- but not 'til then."
POP: SUN DINGGUO
One of the so-called "Olympic Madmen," he quit his job a year ago to devote his life and body to the glory of the Olympic games. After a 10-month journey peddling across China in a rickshaw, he rewarded himself with his 36th Olympic-themed tattoo.
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On Aug 8 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 (WMT) (COST) (DIS) (MSFT) (EMC); Adami Owns (AGU) (C) (BTU) (GS) (INTC) (MSFT) (NUE); Karabell Owns (FMCN) (AAPL) (AGU) (GOOG) (JPM) (GLD) (SLB); Finerman's Firm Is Short (IYR) (IJR) (MDY) (SPY) (IWM) (XLF) (BBT) (COF); Finerman's Firm And Finerman Own (C) Leaps; Finerman Owns (GS); Finerman's Firm Owns (MSFT) (SUN) (TSO) (VLO); Finerman's Firm Owns (ANF) And (ANF) Call Spreads; Gartman Is Short (TAP) (TM) (MA); Gartman Owns (AFFY) (FLO) (PLL) (IBM) (HOG) (SDS); Gartman Owns (ANDE) And Is Short (ADM); Gartman Owns (QQQQ) And Is Short (TLT); CIBC Gartman Index Owns Copper, Aluminum, Wheat, Corn, Soybean, Natural Gas, 10yr Canadian Bond, Australian Dollar; CIBC Gartman Index Is Short Crude Oil, Sugar, Euro; Roger Neshem Has A Business Relationship With Monsanto; Roger Neshem Owns (DE). PRE-PRODUCED: Finerman Owned (CSCO) On 7/14/08, Finerman's Firm Owned (ANF) Call Spreads On 8/5/08, 8/6/08, Macke Owned (INTC) On 7/10/08.