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Pops & Drops

Following are stocks that were on the move Tuesday. We call this new feature “Pops & Drops.”

POPS: (stocks that jumped higher)

Underarmour (UA) - up 14% after raising forecast - Pete Najarian likes UA over Nike (NKE).

Sun Micro (SUNW) -  up 7% as profit blew by The Street – Jeff Macke recommends staying long SUNW.

Gymboree (GYMB) - up 10% on higher earnings outlook – Jeff Macke says sell this stock and buy retail cheaper in August.

Wendy's (WEN) - up 5% on Peltz takeover possibility – Jeff Macke says sell into the news

Pops & Drops

DROPS: (stocks that slid lower)

Alcatel-Lucent (ALU)  - down 10% after the world's biggest telecom equipment maker had a second straight loss. - Guy Adami doesn’t like this stock

Interactive Corp (IACI) - down 5% as Barry Diller's media company said profit missed estimates...blames Ticketmaster, Home Shopping Network – Eric Bolling says stay away and look at CNET Networks (CNET) instead.

Rent-A-Center (RCII) -- down 17%, cuts forecast on tough finances for customers – Guy Adami says “not good.”

Pops & Drops

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Trader disclosure: On July 31st 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (ATVI), Najarian Owns (GS); Bolling Owns (DIS), (T); Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures: CNBC Is A Service Of NBC Universal And Dow Jones