Following are the days biggest winners and losers of the week. Find out why shares of Cisco (CSCO), Countrywide Financial (CFC) and KB Home (KBH) poppedwhile Apple (AAPL) and Tiffany & Co. (TIF) dropped.
POPS (stocks that jumped higher)
Cisco (CSCO) - Cisco is up nearly 5% on the week on strong earnings. CEO Chambers says this is the strongest global economy he's ever seen. – Pete Najarian says this stock is rockin’!
Countrywide (CFC) - Despite today's action, the nation's largest home mortgage lender finishing the week 11% higher after a steep rally on Monday and Tuesday that was impart fueled by comments by The Fed. – Jeff Macke says sell.
Freddie Mac (FRE) & Fannie Mae (FNM) - Both stocks popped, 17% and 11% respectively. The nations biggest buyers of home loans are rising on hopes that regulators will relax lending limits that will allow them to buy more loans. – Tim Seymour says Federal regulators have eased restrictions to allow them to grow their books.
KB Home (KBH) - The nation's fifth largest homebuilder jumped 15% on a week that saw many of the homebuilders rally after touching multi-year lows. – Pete Najarian says sell.
CME (CME) - It popped 7%. All that volatility means more volume. More volume equals more money. And more money equals a higher stock. – Pete Najarian says the stock is up $175 in nearly a year.
Peabody Energy (BTU) - The coal producer rose 15% after a government report said coal demand should increase this year. – Guy Adami says he’s not surprised given what Joy Global reported earlier.
Mentor (MNT) - Shares of Mentor finished the week up 13% as the maker of cosmetic and reconstructive surgery products post strong earnings. – Pete Najarian has nothing to say.
Pop & Drop (stocks that jumped and slid)
Goldman Sachs (GS) rallied with the financials earlier in the week, but then dropped, the credit crunch wiping out gains for the nation's largest broker - finishing the week flat. – Guy Adami says this stock will rise again.
Lehman Bros. (LEH) popped to start week, the dropped by week's end. For all the gloom and doom, LEH finished the week higher nearly 6% higher. – Tim Seymour says it’s a volatile stock right now.
Drops: (stocks that slid lower)
Apple (AAPL) - Steve Jobs and Co. dropped 6%. The tech giant lost value despite the debut of its very sleek new iMac computers. - Jeff Macke believes if the stock breaks $121 it is going down to $100.
Lockheed Martin (LMT) - The defense giant lost 5% on the week. – Guy Adami says at $90 the stock is a buy.
Goldman's Alpha Fund - The fund is down 27% this year according to Bloomberg, and The Wall Street Journal is saying the fund has been forced to sell certain positions.
Tiffany (TIF) - The luxury retailer dropped 8%. Is the credit crunch creeping into high end customers? – Jeff Macke says if you want to own a jeweler he recommends Blue Nile (NILE).
Molson Coors (TAP) - The beer maker dropped 9% after earnings disappointed. – Guy Adami thinks this is a buying opportunity.
Got something to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to .
Trader disclosure: On Aug 10 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 (INTC), Najarian Owns (GS), CBOE Volatility Index (.VIX) Options; Seymour Owns (AAPL), (BX), (GLD), (SBUX), (X), (BBD) Seymour Owns Bank VTB OAO