GO
Loading...

Pops & Drops: The Hain Celestial Group, Royal Bank of Canada...

Thursday, 26 Aug 2010 | 5:54 PM ET

Here are some moves you might have missed Thursday — Find out why shares of The Hain Celestial Group popped while Royal Bank of Canadadropped.

POPS (stocks that jumped higher)

The Hain Celestial Group (HAIN) popped 5%: The organic foods and beverages maker rallied after fourth-quarter earnings beat analysts' estimates.

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

Patty Edwards, principal at Storehouse Partners, would buy HAIN at current levels. She noted that famed investor Carl Icahn in is the name and helping management "redirect things."

CME Group (CME) popped 2%: Chicago's exchange rallied on the heels of Credit Agricole's two notch upgrade to 'outperform.'

Jon Najarian, co-founder of optionMONSTER.com, said this name and the NASDAQ Exchange are trading lower because of little volume. He owns both stocks and recommends picking them up.

DROPS (stocks that slid lower)

iShares FTSE/Xinhua China 25 Index (FXI) dropped 1%: The FTSE dropped amidst fears that the inflation crisis could intensify.

"This is an adequate way for the retail investor to play the China growth story," said Zachary Karabell, president of River Twice Research. "You're seeing incredible growth, multiple contraction and very few of the overhang issues that are plauging US stocks these days."

Royal Bank of Canada (RY) dropped 2%: Canada's biggest lender reported third-quarter earnings that missed analysts' expectations and trading revenue plunged nearly 93 percent from a year earlier.

While this is not his favorite name, Veracruz founder Steve Cortes said he would rather buy RY than sell it.

Canada, he said, is a "pre-crisis version of the US" without the crisis and recommends getting exposure by being long The Bank of Montreal and The Toronto-Dominion Bank .

Charles Schwab (SCHW) dropped 2%: The financial holding company received a downgrade from Morgan Stanley Thursday to 'equal rate' from 'overweight.'

Karen Finerman, president of Metropolitan Capital Advisors, would hold here.

  Price   Change %Change
CME
---
HAIN
---
SCHW
---

______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our Web site send your e-mail to fastmoney@cnbc.com.

Trader disclosure: On Aug 26, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Cortes is long (FCX), (SFD), (BHP), (BMO), (TD); Cortes is long Crude Oil; Cortes is long Australian Dollars; Karabell owns (AAPL), (BHP), (BP), (C), (CSCO), (FCX), (GE), (GS); Finerman owns (BAC); Finerman owns (IBM); Finerman owns (JCG); Finerman owns (JPM); Finerman’s Firm owns (POT) calls; Finerman’s firm owns (WMT); 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; Jon Najarian owns (CSCO) call spreads; Jon Najarian owns (MMR) calls; Jon Najarian owns (NKE) short calls; Jon Najarian owns (SLV) short calls; Jon Najarian owns (GLD) calls; Jon Najarian owns (CME); Jon Najarian owns (CBOE)

For Zach Karabell
River Twice Capital owns (CSCO)
River Twice Capital owns (GS)
River Twice Capital owns (IBM)
River Twice Capital owns (MSFT)
River Twice Capital owns (NKE)
River Twice Capital owns (POT)

For Patty Edwards
Edwards own (AAPL) for clients
Edwards own (BAC) for clients
Edwards own (C) for clients
Edwards own (CSCO) for clients
Edwards own (FCX) for clients
Edwards own (GE) for clients
Edwards own (GLD) for clients
Edwards own (IBM) for clients
Edwards own (JCG) for clients
Edwards own (JNK) for clients
Edwards own (MSFT) for clients
Edwards own (NKE) for clients
Edwards own (TIF) for clients

For Dennis Gartman:
Funds managed by Gartman own Gold
Funds managed by Gartman own (ANDE)
Funds managed by Gartman own corn
Funds managed by Gartman own (RJA)
Funds managed by Gartman own (POT)
Funds managed by Gartman own (MOS)

Joe LaVorgna
***No Disclosures***

For Brian Nagel
Oppenheimer & Co. Inc. makes a market in the securities of PETM, SPLS, BBBY, ORLY, and TSCO.

For Charles Biderman
Funds managed by Biderman own (GLD)
Funds managed by Biderman own (AAPL)
Funds managed by Biderman own (CRM)

For Brian Stutland
***No Disclosures***

  Price   Change %Change
BMO
---
HAIN
---
RBC
---
SEA
---
TD
---
SCHW
---
NDAQ
---

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • 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

Halftime Report