Following are the week’s biggest winners and losers. Find out why shares of Kraft (KFT), News Corp (NWS) and Freeport McMoRan (FCX) popped while Harley Davidson (HOG) and Apple (AAPL) dropped.
POPS (stocks that jumped higher)
Kraft (KFT) popped 3%. The "big cheese" climbed up the chart this week after raising their profit outlook. – Karen Finerman says it’s all working for KFT and she likes the story.
NewsCorp (NWS) popped 3%. A big payday for News Corp's CEO and its shareholders. Rupert Murdoch's salary tripled to $24 Million and the shares got a boost as well. – Jeff Macke says NWS is a family company that will be just fine.
Freeport McMoRan (FCX) popped 4%. The miners' shares were worth their weight in gold, after bullion headed towards $700 an ounce. – Guy Adami says he still likes this stock and thinks it’s going to $115.
Northern Orion Gold (NTO) popped 22%. It’s a double pop for this copper and gold miner. Not only did gold prices rise to a 16 month high this week, but the company's acquisition by Yamana Gold took a step forward thanks to shareholder approval. – Guy Adami says there’s a lot of M&A activity around this stock.
Sales Of Hillary Nutcrackers. According to the New York Post, the Hillary WalNut Busters are flying off the shelves, with over 15,000 sold so far.
DROPS: (stocks that slid lower)
Harley Davidson (HOG) dropped 10%. The motorcycle maker hit the skids after cutting their earnings and shipment expectations. – Pete Najarian says stay away from HOG.
Apple (AAPL) dropped 7%. Steve Jobs & Co. had a rare company blunder this week after they were pressured into giving store credits to early iPhone adopters, who were miffed that Apple slashed the "Jesus Phone" retail cost by $200. – Pete Najarian believes Apple will survive.
Krispy Kreme (KKD) dropped 41%. The doughnut maker got slammed Friday after an earnings disappointment. – Karen Finerman doesn’t know what to say!
National Beverage Corp (FIZZ) dropped 12%. The maker of "Rip It" Energy Drink and "Shasta" went flat after less than sparkling earnings. – Jeff Macke says get out.
Wyeth (WYE) dropped 1%. Although down only 1% for the week, the maker of heartburn drug Protonix got indigestion Friday, falling 4% after a court ruling said Teva could begin producing a generic version of the drug. – Pete Najarian tells the panel it’s not a big deal. Don’t worry.
Alcoa (AA) dropped 3%. The world's second largest aluminum company fell when UBS said their profits would suffer thanks to lower metal prices and higher costs. – Guy Adami likes this stock.
Home Depot (HD) dropped 8%. The home improvement retailer might be in need of repair after CEO said he saw "headwinds" coming in 2008. – Karen Finerman says HD is a long term play and she still likes this stock.
Target (TGT) dropped 7%. After perking up Thursday on positive comps data, Target fell again Friday, setting it down for the week. – Jeff Macke says retail stocks are defenseless against all the bad economic news.
General Motors (GM) dropped 5%. The nation's largest automaker fell after August sales numbers didn't put the pedal to the metal. – Guy Adami is skeptical of this stock.
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Trader disclosure: On Sept. 7, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (BJS), (BQI); Najarian Is Short (GS); Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (AA), (KFT),(NTO), (WMT) Finerman's Firm Owns S&P 500 Puts ; Finerman's Firm Owns Russell 2000 Puts ; Finerman's Firm And Finerman Own (HD)