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Pops & Drops: Travelzoo, Nokia...

Thursday, 21 Oct 2010 | 5:41 PM ET

Following are moves you might have missed. Find out why shares of Travelzoo and Nokia popped while Terex and Janus Capital dropped.

POPS (stocks that jumped higher)

Travelzoo (TZOO) popped 17%. The Internet travel site posted strong third quarter earnings with numbers that doubled some analysts’ estimates. - I would take profits, says Brian Kelly.

Nokia (NOK) popped 4%. The company reported stronger-than-expected profits for the third quarter, boosted by solid demand for its smartphones. - They still need to prove themselves more, muses Joe Terranova. I'm neutral.

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

Southwest Airlines (LUV) popped 3%. The company reported a third-quarter profit largely due to a rebound in travel demand. Also the discount carrier said it expects "solid" revenue improvement in the current period.

Vera Bradley (VRA) popped 50%. Shares rose sharply above their initial public offering price in their stock market debut on Thursday, as investors bet on the company's growth prospects.

DROPS (stocks that slid lower)

Terex (TEX) dropped 7%. The company reported a bigger-than-expected third-quarter loss on Wednesday and warned its fourth-quarter results would fall short of expectations, as continued weakness in nonresidential construction weighed on demand for its cranes particularly in Western Europe. - I don't like this stock, says Steve Cortes.

Janus Capital (JNS) dropped 6%. Despite a strong third-quarter profit investors dumped the stock on concerns about continuing outflows from its mutual funds. - I expect the shorts will lean into this name a little more; I'm looking for it to trade down to $9.25, says Guy Adami.

Children’s Place (PLCE) dropped 13%. The company chopped its third-quarter earnings outlook citing poor demand for kids' fashions and unseasonably warm weather.

Greene County Bank (GRNB) dropped 40%. The firm reported a third-quarter loss of $2.78 a share and KBW said it’s a ‘Sell.’





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Trader disclosure: On Oct. 21, 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 owns (K); Cortes owns (TSN); Cortes is short crude oil; Cortes is short gold; Cortes is short (RSX); Cortes is short the U.K. Pound; Cortes owns U.S. Treasuries; Cortes owns the S&P 500; Terranova owns (APA), (AAPL), (AXP), (C), (CRM), (GOOG), (GS), (FCX), (MMM), (ORCL), (PCP), (PEP), (PFE), (TBT), (UPL), (VRTS), (XBI); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Weiss owns (AAPL); Weiss owns (QCOM); Weiss owns (PWER); Weiss owns (VZ); Weiss owns (CSX)

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 (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 (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 (XLB)
Virtus Investment Partners own more than 1% of (XLP)
Virtus Investment Partners own more than 1% of (XLY)
Virtus Investment Partners own more than 1% of (XLF)
Virtus Investment Partners own more than 1% of (XLI)
Virtus Investment Partners own more than 1% of (XLU)
Virtus Investment Partners own more than 1% of (SUBK)
Virtus Investment Partners own more than 1% of (WDFC)
Virtus Investment Partners own more than 1% of (YDNT)
Virtus Investment Partners own more than 1% of (DRYS)

For Brian Kelly
Accounts managed by Kanundrum Capital own (REE)
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (SLV)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own (JJG)
Accounts managed by Kanundrum Capital own (JO)
Accounts managed by Kanundrum Capital own (RS)
Accounts managed by Kanundrum Capital own (UUP)
Accounts managed by Kanundrum Capital own Swiss Francs
Accounts managed by Kanundrum Capital are short the U.K. Pound

For Dan Niles
Niles and Alpha One own (AAPL), (QCOM), (DELL), (PWER)

For Anthony Scaramucci
***No Disclosures***

For Brian Stutland
***No Disclosures***

  Price   Change %Change
PLCE
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JNS
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TEX
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LUV
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NOK
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TZOO
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