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Lululemon, Banco Santander and Other Tradable Movers

Wednesday, 2 May 2012 | 1:50 PM ET

Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!

Tripadvisor

The catalyst:Tripadvisorresults came in better than expected, with revenue rising to $183.7 million, beating analysts' forecast of $174.1 million.

The trade: "I’d sell the news," says trader Joe Terranova. "I think fair value is between $38-$40."

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Lululemon

The catalyst: Published reports highlightedLululemon's nine straight quarters of double-digit sales and earnings growth. It passed $1 billion in annual revenue last year, up from $453 million only two years earlier.

The trade: “I love this stock, I’m long and I’m not selling,” says trader Josh Brown. He doesn't think the Street understands just how committed and loyal Lululemon customers are to their products.

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Banco Santander

The catalyst: The Spain-based bank was among the many overseas financials that traded lower after weak euro zone data threw the region's debt problems into focus, again.

The trade: "Things have not looked so dire for Spain since the defeat of the Spanish Armada," says Steve Cortes. "I’d press my short."

Earnings: Papa Johns, Visa & More
Papa Johns soars 17% post earnings, with the FMHR traders. Moshe Orenbuch, Credit Suisse analyst, also discusses whether to buy Visa ahead of its earnings report today after the closing bell.

* You can find Pops & Drops about 7 minutes into this video clip.




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Trader disclosure: On May 2, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long JOY; Joe Terranova is long JNPR; Joe Terranova is long NXPI; Joe Terranova is long HPQ; Joe Terranova is long LQD; Joe Terranova is long JPM; Joe Terranova is long MCD; Josh Brown is long XBI; Josh Brown is long V; Josh Brown is long COP; Josh Brown is long JPM; Josh Brown is long XLU

For Moshe Orenbuch
The subject company (MA) currently is, or was during the 12-month period preceding the date of distribution of this report, a client of Credit Suisse: MA
Credit Suisse provided investment banking services to the subject company (MA) within the past 12 months: MA
Credit Suisse expects to receive or intends to seek investment banking related compensation from the subject company (MA) within the next 3 months: MA

For Robert Morris
Robert S Morris, Analyst, holds a long position in the securities of CHK
Within the past 12 months, Citigroup Global Markets Inc. or its affiliates has acted as manager or co-manager of an offering of securities of CHK
Citigroup Global Markets Inc. or its affiliates has received compensation for investment banking services provided within the past 12 months from CHK
Citigroup Global Markets Inc. or an affiliate received compensation for products and services other than investment banking services from Chesapeake Energy Corp in the past 12 months: CHK
Citigroup Global Markets Inc. currently has, or had within the past 12 months, the following as investment banking client(s): CHK
Citigroup Global Markets Inc. currently has, or had within the past 12 months, the following as clients, and the services provided were non-investment-banking, securities-related: CHK
Citigroup Global Markets Inc. currently has, or had within the past 12 months, the following as clients, and the services provided were non-investment-banking, non-securities-related: CHK
Citigroup Global Markets Inc. or an affiliate received compensation in the past 12 months from CHK

For Robin Farley
UBS AG, its affiliates or subsidiaries beneficially owned 1% or more of a class of the following companies' common equity securities as of last month`s end (or the prior month`s end if this report is dated less than 10 days after the most recent month`s end): WYNN
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.: LVS
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.: MGM
This company/entity is, or within the past 12 months has been, a client of UBS Securities LLC, and investment banking services are being, or have been, provided.: WYNN
Within the past 12 months, UBS Securities LLC has received compensation from this company/entity: LVS
Within the past 12 months, UBS Securities LLC has received compensation from this company/entity: MGM
Within the past 12 months, UBS Securities LLC has received compensation from this company/entity: WYNN

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