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Verizon, DuPont, Travelers and Other Tradable Movers

Thursday, 19 Apr 2012 | 2:15 PM ET

As you might expect, earnings are moving stocks right now. But what should you be watching?

Following are the pops and drops the Fast pros are watching closely in the wake of quarterly reports.

Verizon popped .

The catalyst: Verizon posted first-quarter earnings and revenue that beat Wall Street expectations as customers increased their spending on services such as wireless data.

The trade: "I think this is a name to own," says trader Mike Murphy. "I expect it goes higher."

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The FMHR traders explain why they are trading Family Dollar, Yum! Brands and Southwest Airlines. Stephen Weiss, Short Hills Capital, also breaks down why he says investors should buy Qualcomm.

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Dupont dropped .

The catalyst:Dupont's first-quarter profit beat Wall Street's expectations, helped by price hikes and sales of insecticides and genetically modified seeds.

The trade: "The company has transformed itself and I like the story," says trader Stephanie Block.

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Philip Morris dropped .

The catalyst: Philip Morris cut its full-year earnings guidance on Thursday to account for the strengthening U.S. dollar.

The trade: "They sell Marlboro and other brands of cigarettes outside the U.S. A stronger dollar is a problem," says trader Simon Baker.

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UNP dropped .

The catalyst:UNP reported quarterly results that beat forecasts, driven by pricing gains, fuel surcharges and double-digit freight revenue increases.

The trade: "I like Kansas City Southern ahead of earnings, that’s the way to play the rails," says trader Guy Adami.

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United Health popped .

The catalyst: Results from UnitedHealth suggested the company was winning market share away from rivals.

The trade: "The talked about membership growth. We haven’t heard that in a long time from this group," says trader Stephanie Block.

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Travelers popped .

The catalyst:Travelers reported earnings that blew past estimates and the firm raised its dividend 12 percent as natural disaster losses declined and insurance rates continued to rise.

The trade: "I’m a buyer," says trader Mike Murphy. “I like the valuations and expect the stock to go higher on a global rebound."

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Nvidia dropped .

The catalyst: Perhaps investors are selling the news afterNvidia released a picture on Facebook hinting that it will make an important announcement soon.

The trade: "This is a great beta stock if you’re looking for something that could pop on a short covering rally but longer-term the better play is long Intel," says trader Guy Adami.

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Trader disclosure: On Apr 19, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephanie Link is long IBM; Stephanie Link is long FCX; Stephanie Link is long IBM; Simon Baker’s firm owns AAPL; Simon Baker’s firm owns BAC; Simon Baker’s firm owns GS; Simon Baker’s firm owns JPM; Simon Baker’s firm owns GDX; Simon Baker’s firm owns MS; Simon Baker’s firm owns NFLX; Simon Baker’s firm owns GLD; Simon Baker’s firm owns XLF; Simon Baker’s firm owns IBM; Simon Baker’s firm owns WMT; Simon Baker’s firm owns JOYG; Simon Baker’s firm owns ADSK; Simon Baker’s firm owns DELL; Simon Baker’s firm owns IBM; Simon Baker’s firm owns MSFT; Simon Baker’s firm owns KEY; Simon Baker’s firm owns QCOM

For Rob Breza
RBC Capital Markets, LLC makes a market in the securities of Microsoft Corporation and may act as principal with regard to sales or purchases of this security; MSFT
A member company of RBC Capital Markets or one of its affiliates received compensation for products or services other than investment banking services from Microsoft Corporation during the past 12 months. During this time, a member company of RBC Capital Markets or one of its affiliates provided non-securities services to MSFT
RBC Capital Markets has provided Microsoft Corporation with non-securities services in the past 12 months: MSFT

For David George
Robert W. Baird & Co. Incorporated makes a market in the securities of BAC.
Robert W. Baird & Co. Incorporated and/or its affiliates have received investment banking compensation from Bank of America in the past 12 months: BAC

For Glen Yeung
Citigroup Global Markets Inc. and/or its affiliates has a significant financial interest in relation to QCOM
Citigroup Global Markets Inc. and/or its affiliates has a significant financial interest in relation to BRCM
For securities recommended in the Product in which the Firm is not a market maker, the Firm is a liquidity provider in the issuers' financial instruments and may act as principal in connection with such transactions. The Firm is a regular issuer of traded financial instruments linked to securities that may have been recommended in the Product. The Firm regularly trades in the securities of the issuer(s) discussed in the Product. The Firm may engage in securities transactions in a manner inconsistent with the Product and, with respect to securities covered by the Product, will buy or sell from customers on a principal basis.

For Gene Munster
Nothing to disclose

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