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Pops & Drops: Cephalon, Whole Foods...

Following are moves you might have missed. Find out why shares of Cephalon and International Paper popped while Whole Foods and the Brazil ETF dropped.

POPS (stocks that jumped higher)

Cephalon (CEPH) popped 5%. Teva Pharmaceutical said on Monday it had reached a deal to buy Cephalon for $81.50/share, topping a previous bid from Valeant for $73/share. - There's nothing to see here anymore, says Karen Finerman.

International Paper (IP) popped 5%. Call it a Barron’s bounce; a recent article in the influential financial magazine says the company “is on track to report some of the best and highest-quality earnings in its history, yet its stock remains depressed.” - I think it's a buy, says Anthony Scaramucci.

Alcoa (AA) popped 2%. Goldman Sachs said the stock was a ‘Buy’ and increased its price target to $22 from $17 citing improved earnings capability.

DROPS (stocks that slid lower)

Whole Foods (WFMI) dropped 5%. Jefferies downgraded the company and suggested that sales could stagnate as shoppers feel the pinch of higher gas prices. - I'd wait to hear more about gas prices, says Joe Terranova.

Brazil ETF (EWZ) dropped 2%. Rising inflation expectations combined with some weakness in commodities weighed on Brazil - I think Brazil is due for a rally, speculates Tim Seymour.

Barrick Gold (ABX) dropped 3%. Perhaps the move is a sign that investors do not think the death of Osama bin Laden will spook investors and trigger a flight to safety.





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Trader disclosure: On May 2, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian owns (SLV); Seymour owns (AA); Seymour owns (AAPL); Seymour owns (F); Seymour owns (POT); Seymour owns (SLW); Seymour owns (EPU); Finerman and Finerman's firm own (AAPL); Finerman and Finerman's firm own (BP); Finerman owns (C); Finreman and Finerman's firm own (CVS); Finerman's firm owns (IBM); Finerman's firm owns (JPM) and is long (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman owns (UNG); Finerman owns (USO); Finerman's firm is short (IWM), (SPY), (MDY); Finerman's firm owns s&p puts; Finerman's firm owns Russel 200 puts; Terranova owns (XOM); Terranova owns (BAX); Terranova owns (SLV); Terranova owns (TCK); Terranova owns (APA); Terranova owns (HOC); Terranova owns (OXY); Terranova owns (UPL); Terranova owns (FCX); Terranova owns (BX); Terranova owns (V); Terranova owns (VRTS); Terranova owns (JPM); Terranova is short (NFLX); Terranova is short S&P Futures; Terranova is Chief Market Strategist of Virtus Investment Partners, LTD; Adami owns (AGU); Adami owns (C); Adami owns ( GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (STU)

For Joe Terranova
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & URL PLC
Virtus Investment Partners Owns More Than 1% Of (DRYS)

For Anthony Scaramucci
Skybridge is a Fund of Funds Manager
Funds held May or May not Own the Recommended Securities

For Mike Khouw
Cantor Fitzgerald is a market maker in (AA)

For Mark Mahaney
**No Disclosures

For David Riedal
**No Disclosures

For Tim Seymour on MOS SOT 3/29/11
**No disclosures

For Alex Hamilton
*No Disclosures

For Mike Khouw
Cantor Fitzgerald is a market maker in (AA)

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