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Pops & Drops: Baidu, Celgene...

Friday, 30 Apr 2010 | 5:26 PM ET

Following are the week’s biggest winners and losers. Find out why shares of Baidu and Celgene popped while Citigroup and Green Mountain Coffee dropped.

POPS (stocks that jumped higher)

Baidu (BIDU) popped 7%. China’s leading search engine was on fire this week after earnings more than doubled and the firm showed strong market share growth. - It's a crowded trade, reminds Tim Seymour.

Celgene (CELG) popped 4%. The drug maker beat on earnings, announced a new CEO and boosted its outlook. - I still like this stock, says Guy Adami.

3M (MMM) popped 3%. The company’s first quarter profit and full year outlook pleased investors.

Akamai (AKAM) popped 13%. Earnings beat expectations and the company increased its stock buyback plan.

DROPS (stocks that slid lower)

Citigroup ( C ) dropped 9%. This and many other financials tumbled; in Citi’s case the headwind stems in part from the Treasury’s decision to sell 1.5 billion shares. - I think it's starting to get interesting, says Karen Finerman.

Green Mountain Coffee (GMCR) dropped 16%. Profit taking surged after shipments of its k cups disappointed investors. - The stock is pulling back after a huge run, says Pete Najarian.

Nokia (NOK) dropped 3%. The stock couldn’t bounce back from multiple downgrades. - I think the stock could rally on CEO comments next week, says Tim Seymour.

WellPoint (WLP) dropped 7%. The health insurer disclosed that it would be rescinding its planned 39%-plus rate hikes in California.




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Trader disclosure: On Apr 30, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (AKAM) Call Spread; Najarian Owns (PG) Calls; Najarian Owns (JEF) Calls; Najarian Owns (KGC) Calls; Najarian Owns (C) Calls; Najarian Owns (CBS) Calls; Najarian Owns (NRG) Call Spread; Najarian Owns (TEVA); Najarian Owns (YHOO) Call Spread; Grasso Owns (NDAQ), (DYN), (LPX), (ASTM), (ABK), (BAC), (BGP), (C), (CVGI), (JPM), (NEM), (PRST), (PFE), (BA), (T), (CSCO), (X); Stutland Is Short (SPY) Through Options; Stutland Owns (XLF) Call Spread, Is Short Strangles, Is Long Downside Put; Stutland Owns (CVX); Stutland Owns (WFC) Corporate Bond; Stutland Is Short (BAC) Straddle, Owns (BAC); Stutland Is Short (GLD) Put Spread, Is Long 1x2 Call Spread; Stutland Owns (SLV) Calls, Is Short (SLV) Puts; Stutland Owns (TXN), Is Short (TXN) Call; Najarian Owns (PG) Calls; Seymour Owns (EEM), (AAPL), (BAC), (GOOG) (MSFT); Finerman's Firm Is Short (IWM), (IYR), (MDY); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL), (AKAM); Finerman's Firm Owns (BAC), (BAC) Leap; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm And Finerman Own (CVS); Finerman Owns (GOOG); Finerman's Firm And Finerman Own (JPM); Finerman's Firm Owns (KFT); Finerman Owns (WFC) Preferred; Finerman's Firm Owns (BBY); Finemran's Firm Owns (BP), (BP) Calls; Finerman's Firm Owns (RIG), (RIG) Calls; Finerman Owns (BBY); Finerman Owns (RIG), (RIG) Calls

For Dennis Gartman
Funds Managed By Dennis Gartman Are Short Euro
Funds Managed By Dennis Gartman Are Short Yen
Funds Managed By Dennis Gartman Are Long Gold
Funds Managed By Dennis Gartman Own (DRI)
Funds Managed By Dennis Gartman Are Long Canadian Dollar, Australian Dollar
Funds Managed By Dennis Gartman Are Short Euro, Sterling, Yen
Funds Managed By Dennis Gartman Own (GLD)

For Steve Grasso
Stuart Frankel And Its Partners Own (AMR)
Stuart Frankel And Its Partners Own (BAX)
Stuart Frankel And Its Partners Own (DYN)
Stuart Frankel And Its Partners Own (CUBA)
Stuart Frankel And Its Partners Own (DYN)
Stuart Frankel And Its Partners Own (GERN)
Stuart Frankel And Its Partners Own (HSPO)
Stuart Frankel And Its Partners Own (MERC)
Stuart Frankel And Its Partners Own (NWS.A)
Stuart Frankel And Its Partners Own (NYX)
Stuart Frankel And Its Partners Own (PALM)
Stuart Frankel And Its Partners Own (PDE)
Stuart Frankel And Its Partners Own (PFE)
Stuart Frankel And Its Partners Own (PRST)
Stuart Frankel And Its Partners Own (RDC)
Stuart Frankel And Its Partners Own (TLM)
Stuart Frankel And Its Partners Own (XRX)
Stuart Frankel And Its Partners Own (SDS)
Stuart Frankel And Its Partners Are Short (QQQQ)
Stuart Frankel And Its Partners Are Short (CL)
Stuart Frankel And Its Partners Are Short (AAPL)

For Brian Stutland
Stutland Equities Is A Market Maker In VIX
Stutland Equities Is A Market Maker In SPX Options And Futures
Stutland Equities Has A VIX Long Position, Short Volatility
Stutland Equities Has A SPX Short Position, Long Volatility

For Matthew Albrecht
Standard & Poor's Other Affiliates May Provide Services To (GS)

For Patty Edwards:
Edwards Owns (ERF) For Clients
Edwards Owns (MCD) For Clients
Edwards Owns (HD) For Clients

  Price   Change %Change
WLP
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NOK
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GMCR
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C
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AKAM
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CELG
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BIDU
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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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