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Pops & Drops: Tiffany, Heniz...

Wednesday, 1 Jun 2011 | 5:37 PM ET

Following are moves you might have missed. Find out why shares of Golar and Las Vegas Sands and Apollo Group popped while Tiffany and Heinz dropped.

POPS (stocks that jumped higher)

Golar (GLNG) popped 5%.
The company issued an upbeat outlook, which investors interpreted as another sign of a turnaround. - Day rates are much higher, says Karen Finerman.

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

Las Vegas Sands (LVS) popped 3%. Perhaps investors are betting on strength in China, with Macau gambling revenues up 42% year over year according to government stats.

Apollo Group (APOL) popped 3%. Woeful economic data may have led investors to bet that more people would return to the classroom; a good thing for this for-profit education company.

DROPS (stocks that slid lower)

Tiffany (TIF) dropped 3%. Despite strong earnings Deutsche Bank downgraded the stock, warning it was "priced to perfection.” - I'm a buyer around $72.50, says Guy Adami.

Heinz (HNZ) dropped 2%. Goldman Sachs downgraded the stock to ‘Sell’ from ‘Neutral’ and reduced its price target to $49 from $53 saying frugal shoppers were opting for store brands. - There are better places to play, says Karen Finerman.

Juniper (JNPR) dropped 9%. According to a report on CNBC's Power Lunch, CEO Kevin Johnson said at a conference that his company could see a negative impact from the Japan earthquake and also that they could take a hit if there’s a pronounced slowdown in government spending. - I don't think they're doing much better than Cisco, says Tim Seymour.

Jos. A Bank (JOSB) dropped 15%. Although the company reported a 13% increase in quarterly profits, the results missed expectations; also the CEO said some seasonal items experienced a sales decline. - Sell half of your longs, says Joe Terranova.

Radian (RDN) dropped 6%. Piper Jaffray raised the company to ‘Overweight’ from ‘Neutral’ citing stronger credit and capital.

Monster Worldwide (MWW) dropped 7%. New data from ADP showed U.S. private employers added a scant 38,000 jobs in May; and that’s no good for this company. - The labor market looks a little dicey, says Tim Seymour.




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Trader disclosure: On June 1, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by “Fast Money” traders; Accounts Managed by Brian Kelly Capital own (ANDE) calls; Accounts Managed by Brian Kelly Capital own (BHP); Accounts Managed by Brian Kelly Capital own (IAU); Accounts Managed by Brian Kelly Capital own (NLY); Accounts Managed by Brian Kelly Capital own (NEM); Accounts Managed by Brian Kelly Capital own (TLT) calls; Accounts Managed by Brian Kelly Capital own Aussie dollar; Accounts Managed by Brian Kelly Capital own Canadian dollar; Accounts Managed by Brian Kelly Capital own Swiss franc; Accounts Managed by Brian Kelly Capital own Hong Kong dollar; Accounts Managed by Brian Kelly Capital own Mexican peso; Accounts Managed by Brian Kelly Capital own Swedish krona; Accounts Managed by Brian Kelly Capital are short yen; Terranova owns (XOM); Terranova owns (KSS); Terranova owns (CVI); Terranova owns (OXY); Terranova owns (TM); Terranova owns (BJ); Terranova owns (DIS); Terranova owns (PFE); Terranova owns (V); Terranova owns (HPQ); Terranova owns (FLX); Terranova owns (JPM); Terranova owns (MCD); Terranova owns (PEP)
Terranova owns (VRTS); Terranova is short (DELL)

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 (CSWI)
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)

MIke Khouw
*No Disclosures

Joe LaVorgna
* No Disclosures



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