Pops & Drops: Norfolk Southern, Wellpoint and More
Following are moves you might have missed. Find out why shares of Norfolk Southern and Las Vegas Sands popped while Nasdaq OMX and Wellpoint dropped.
POPS (stocks that jumped higher)
Norfolk Southern (NSC) popped 1%. NSC reported its adjusted second-quarter earnings of $1.38 per share, beating the consensus estimate by 9 cents. If you own this stock, I would take some profits, Brian Kelly said.
Las Vegas Sands (LVS) popped 2%. The casino operator swung to a net profit in the second quarter, reporting a net profit of 45 cents a share, compared with a net loss of 1 cent a share a year ago. Steve Cortes said while LVS delivered good results, he thinks the problem with this stock is Chinese weakness. He shorted it today at $48, and will risk it to just about $50.
Wyndham Worldwide (WYN) popped 2%. Wyndham reported a higher-than-expected quarterly profit on strong revenue growth at its hotel business and raised its full-year outlook. WYN might be setting up for a monster double top, Guy Adami said. He wouldn’t be getting long at $36, $36.50.
DROPS (stocks that slid lower)
Nasdaq OMX (NDAQ) dropped 3%. Investors may worry that margins may come under pressure after the company said it will have to spend more to protect against hackers. The trend and competition are what people are looking at, Tim Seymour said, adding that the margins in the sector also seem to be going down.
Wellpoint (WLP) dropped 7%. The health insurer said surprisingly high medical claims from a Medicare plan serving the elderly in California would hurt its profits this year. Karen Finerman said this was not a great day to announce guidance was a “tiny bit light."
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Trader disclosure: On July 27, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (APPL); Seymour owns (BAC); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU) ; Cortes owns U.S. Treasuries; Cortes is short (LVS); Cortes is short (LULU); Cortes is short (IYT); Cortes is short the Euro; Cortes is short Copper; Cortes is short Corn; Stutland Owns (GOOG) and short (GOOG) calls; Stutland owns Australian foreign debt; Stutland is short (V) puts and owns (V) calls; Stutland is short (GLD) puts, long (GLD) call spread, and owns the (GLD); Stutland owns (TLT), is short (TLT) calls, and short (TLT) puts; Stutland owns U.S. Treasuries; Iuorio is long (TLT)
For Karen Finerman
Finerman's Firm And Finerman Own (AAPL)
Finerman's Firm And Finerman Own (CLW)
Finerman's Firm And Finerman Own (CVS)
Finerman's Firm owns (BAC) leaps and Finerman Owns (BAC)
Finerman's Firm owns (JPM) leaps and Finerman Owns (JPM)
Finerman's Firm Is Short (IWM)
Finerman's Firm Is Short (MDY)
Finerman's Firm Is Short (SPY)
Finerman's Firm Is Long S&P 500 Puts
Finerman's Firm Is Long Russell 2000 Puts
For Brian Kelly
Accounts Managed By Brian Kelly Capital Own (TLT) calls
Accounts Managed By Brian Kelly Capital Own (GLD) calls
Accounts Managed By Brian Kelly Capital Own (GDXJ) calls
Accounts Managed By Brian Kelly Capital Own (JJC) calls
Accounts Managed By Brian Kelly Capital Own (XLI) puts
Accounts Managed By Brian Kelly Capital Own (SLV) calls
Accounts Managed By Brian Kelly Capital Own (VIX) calls
Accounts Managed By Brian Kelly Capital Own Australian Dollar
Accounts Managed By Brian Kelly Capital Own New Zealand Dollar
For Brian Stutland
Stutland's Firm Is A Market Maker Holding Positions In VIX Futures And Options, SPX options and futures, SPY options, and VXX Stock And Options
For Anthony Scaramucci
SkyBridge Capital Is A Fund Of Funds Manager
Funds Held May Or May Not Own The Recommended Securities
Scaramucci Is One Of 8 National Finance Chairs For Mitt Romney Campaign
Scaramucci held a fundraiser for Mitt Romney
CNBC.com with wires.