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Pops & Drops: Orbitz, Metro PCS...

Thursday, 5 Aug 2010 | 5:42 PM ET

Following are moves you might have missed. Find out why shares of Orbitz and Metro PCS popped while Jack In The Box and Omnicare dropped.

POPS (stocks that jumped higher)

Orbitz (OWW) popped 9%. Profits topped estimates due to increased bookings. - People are booking online, says Tim Seymour.

Metro PCS (PCS) popped 7%. Earnings beat the Street driven by strong growth in new subscribers and fewer customer dropouts.

DROPS (stocks that slid lower)

Jack In The Box (JACK) dropped 6%. The fast food restaurant missed estimates with the CEO citing discounts from pizza chains as a catalyst for the drop in the company’s dinner sales. - I wouldn't touch it here, says Joe Terranova.

Stock Pops & Drops
The Fast Money traders take a look at today's biggest market movers.

Omnicare (OCR) dropped 10%. A published report suggested the company may be facing legal troubles involving “false claims for reimbursement and other improper conduct.” Karen Finerman has a lot to say about this company. Watch the video and get all the details.

Big Lots (BIG) dropped 7%. The company isn’t benefiting from the trade down effect as much as the Street expected; although they reported sales of $1.13 billion (up 6%) it was below estimates.




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Trader disclosure: On Aug 5, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Seymour owns (AAPL), (BAC), (BX), (GOOG), (INTC), (MOS), (POT); Terranova owns (AKAM), (APA), (BAX), (C), (COP), (EMC), (FCX), (GOOG), (GS), (JNPR), (MOS), (MSFT), (PFE), (POT), (SKX), (SU), (TER), (XBI); Finerman owns (AAPL); Finerman's firm owns (ARM); Finerman’s firm owns (BBY); Finerman's firm owns (LEA); Finerman’s firm owns (KFT); Finerman & Finerman's firm owns (RIMM); Finerman’s firm owns (TSX); Finerman’s firm owns (GYMB); Finerman’s firm owns (PLCE); Finerman's firm owns (WMT); Finerman's firm owns (DAN); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Finerman’s firm owns Russell 2000 puts

For Anthony Scaramucci
Scaramucci and SkyBridge Capital own (AAPL)
Scaramucci and SkyBridge Capital own (KO)

For Joe Terranova
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners own more than 1% of (ABAX)
Virtus Investment Partners own more than 1% of (ALK)
Virtus Investment Partners own more than 1% of (AMKR)
Virtus Investment Partners own more than 1% of (CASS)
Virtus Investment Partners own more than 1% of (CSVI)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (DRYS)
Virtus Investment Partners own more than 1% of (EXR)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (IGE)
Virtus Investment Partners own more than 1% of (LDR)
Virtus Investment Partners own more than 1% of (LPHI)
Virtus Investment Partners own more than 1% of (XLB)
Virtus Investment Partners own more than 1% of (MGRC)
Virtus Investment Partners own more than 1% of (NRCI)
Virtus Investment Partners own more than 1% of (DBV)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (XLK)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (YDNT)

For Brian Kelly
Accounts managed by Kanundrum Capital own (RIMM)
Accounts managed by Kanundrum Capital own (INTC)
Accounts managed by Kanundrum Capital own (XBI)
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (JPM)
Accounts managed by Kanundrum Capital own (CM)
Accounts managed by Kanundrum Capital own (BMO)
Accounts managed by Kanundrum Capital own (ANDE)

For Dan Binder
Within the past twelve months, Jefferies and/or its affiliates received non-investment banking, securities related compensation for client services it provided to BJ's Wholesale Club, Inc.
Jefferies makes a market in Costco Wholesale Corp.
Jefferies makes a market in Dollar Tree Inc.
Jefferies makes a market in Staples, Inc.

For Brian Stutland
Stutland owns (KO) debt

For Joe LaVorgna
***No Disclosures***

For Jim Bower
***No Disclosures***

For Doug Kass
***No Disclosures***

For James Pethokoukis
***No Disclosures***

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  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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