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Pops & Drops: Children's Place, China Mobile

Thursday, 19 Aug 2010 | 5:47 PM ET

Here are some moves you might have missed Thursday — Find out why shares of The Children's Place Retail Stores popped while China Mobile Limited dropped.

POPS (stocks that jumped higher)

Children's Place (PLCE) popped 7%: Shares of the children's apparel retailer rallied Thursday after the company reported that its second-quarter loss widened less than expected based on revenue gains.

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

"All about inventory management and less discounting in this space," said Brian Kelly, founder of Kanundrum Capital. "Looked pretty good."

Digital Globe (DGI) popped 2%: The earth imagery service provider's stock rose after it recieved an upgrade to 'buy' from Cannacord Genuity.

Joe Terranova, chief market strategist at Vitrus Investment Partners, said you could own DGI.

DROPS (stocks that slid lower)

China Mobile (CHL) dropped 3%: Even though the world's biggest mobile operator reported a 7% rise in second-quarter earnings, the company warned in a statement that it will face new challenges amid the already high mobile penetration rate.

"These guys beat, but their forecast for the fourth-quarter looked very dim," said Tim Seymour, founder of EmergingMoney.com.

1-800-Flowers.com (FLWS) dropped 17%: Shares of the online gift retailer fell after the company reported a surprise net loss of 2 cents during the fourth-quarter. The Carle Place, N.Y. retailer said it would no longer provide specific revenue and earnings-per-share forecasts.

The only reason to buy this stock is for short interest, said Guy Adami, managing director of Drakon Capital.

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Trader disclosures for Aug. 19, 2010:

Tim Seymour
Seymour owns (AAPL)
Seymour owns (BAC)
Seymour owns (F)
Seymour owns (INTC)
Seymour owns (MSFT)

Guy Adami
Adami owns (AGU)
Adami owns (BTU)
Adami owns (NUE)
Adami owns (C)
Adami owns (GS)
Adami owns (INTC)
Adami owns (MSFT)
Adami’s wife works at Merck

Brian Kelly
Accounts managed by Kanundrum Capital own (RIMM)
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own U.S. Dollar
Accounts managed by Kanundrum Capital own Japanese Yen
Accounts managed by Kanundrum Capital own Swiss Franc
Accounts managed by Kanundrum Capital is short (AFL)
Accounts managed by Kanundrum Capital is short (IAI)
Accounts managed by Kanundrum Capital is short (RTH)
Accounts managed by Kanundrum Capital is short the U.K. Pound
Accounts managed by Kanundrum Capital is short (MCO)

Joe Terranova
Terranova owns (V)
Terranova owns (NRG)
Terranova owns (POT)
Terranova owns (OXY)
Terranova owns (GLD)
Terranova owns (BAX)
Terranova owns (PFE)
Terranova owns (SU)
Terranova owns (XBI)
Terranova owns (GOOG)
Terranova owns (LRCX)
Terranova owns (AXP)
Terranova owns (C)
Terranova owns (GS)
Terranova owns (BMO)
Terranova owns (MSFT)
Terranova owns (FCX)
Terranova owns (APA)
Terranova owns (TBT)

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)

Peter Boockvar
***No Disclosures***

Brent Thill
The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in Microsoft Corp.

The U.S. equity strategist, a member of his team, or one of their household members has a long common stock position in Oracle Corporation.

This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.: Microsoft, Symantec

This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-investment banking securities-related services are being, or have been, provided.: Microsoft, Symantec

This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and non-securities services are being, or have been, provided.: Microsoft

Within the past 12 months, UBS Securities LLC has received compensation from this company/entity: Microsoft, Symantec

Dan Greenhaus
***No Disclosures***

Gene Munster
Piper Jaffray makes a market in (GOOG)

Brian Stutland
***No Disclosures***

  Price   Change %Change
941
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PLCE
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FLWS
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