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Pops & Drops: Take Two, SanDisk…

Friday, 3 Sep 2010 | 5:41 PM ET

Following are the week’s biggest winners and losers. Find out why shares of Take Two and SanDisk popped while Campbell Soup dropped.

POPS (stocks that jumped higher)

Take Two Software (TTWO) popped 13% this week. The publisher of Grand Theft Auto reported an unexpected third quarter profit and boosted its earnings outlook on sales of its new release Red Dead Redemption. - I don't see any more on the horizon for this company, says Steve Grasso.

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

Cummins (CMI) popped 9% this week. Likely a technical move, the stock closed above former resistance of $76.50 grabbing the attention of momentum traders. - I'd stay with this name, says Joe Terranova.

SanDisk (SNDK) popped 8% this week. Sterne Agee said while the company’s shares have pulled back significantly with concerns over a retail slowdown and pricing, overall trends in the NAND memory chip market are healthy, with the company's customers pointing to "solid" third-quarter revenue growth. - I like this stock as a second derivative Apple play, says Guy Adami.

Finisar (FNSR) popped 23% for the week. The company, which makes high-speed network gear, posted better-than-expected quarterly results, helped by robust demand for its transceivers and network-switching products, and forecast a strong second quarter. - I'd stay with it, says Stephen Weiss.

DROPS (stocks that slid lower)

Campbell Soup (CPB) dropped 4%. The company posted lower-than-expected quarterly sales in part because few people wanted to eat hot soup during the uncomfortably warm summer. - No good, says Scott Nations.

  Price   Change %Change
CMI
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CPB
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FNSR
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SNDK
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TTWO
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Trader disclosure: On September 3rd, 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), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Nations owns (CME); Nations owns (SPY); Terranova Owns (APA), (AAPL), (BMO), (FCX), (GS), (IBM), (MRVL), (QCOM), (OXY), (SU), (XBI), (C), (POT), (GLD), (TBT); Grasso owns (ASTM), (BA), (BAC), (C), (CSCO), (JPM), (LPX), (MO), (MOT), (NDAQ), (PFE), (PRST); Jon Najarian owns (GS), short calls;

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 Steve Grasso:
Stuart Frankel & Co and it’s partners own (BAX
Stuart Frankel & Co and it’s partners own (COG)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (DHR)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HPQ)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (TRV)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners are short (QQQQ)

For Stephen Weiss
Weiss owns (CSX)
Weiss owns (INTC)
Weiss owns (BAC)
Weiss owns (INFN)
Weiss owns (FNSR)


For Joe Lavorgna
***No Disclosures***

For Eric Jackson
Jackson owns (SA)
Jackson owns (UXG)
Jackson owns (RBY)

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