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Pops & Drops: Delta Airlines, Office Depot...

Following are the day’s biggest winners and losers. Find out why shares of Delta Airlines and Office Depot popped while Energizer and Altria dropped.

POPS (stocks that jumped higher)

AMR Corp (AMR) & Delta Airlines (DAL) both popped more than 10%. Once again consolidation chatter lifted shares; this time the speculation has American merging with United.  – I think it’s a pop for the day only, speculates Pete Najarian.

Squid. The largest squid ever found - 1,089 pounds - was frozen after being caught by fisherman last year. Scientists are finally thawing it out for examination

Stock Pops & Drops

Office Depot (ODP) popped 9%. Despite a 55% decline in profits for the office-supply retailer shares rallied on an EPS that was better than expected. – Walk away, exclaims Jeff Macke.

Rent-A-Center (RCII) Pops 12%. The rent-to-own operator said profit doubled. – I don’t think it’s that exciting, says Jeff Macke.

Watson Pharmaceuticals (WPI) popped 7%. The generic drug maker received a lift after the FDA permitted the company's Florida plant (under scrutiny since 2005) to resume production on certain drugs.

Flowserve (FLS) popped 8%. The pump and valve company popped after-hours Monday, after pumping up its forecast.

DROPS (stocks that slid lower)

Masco (MAS) dropped 5%. The housing slump smacked the maker of faucets and house paint. Their profits dropped 99%. – Not so good, says Guy Adami.

Energizer Holdings (ENR) dropped 12%. Profits at Energizer, which produces its namesake batteries and Schick razors were off 9% this quarter on slumping U.S. demand. – I think they will continue to see margin pressure, says Jeff Macke.

Altria (MO) dropped 5%. Morgan Stanley cut its outlook on the tobacco industry to "in-line'' from "attractive'' citing declining prospects for U.S. growth. – It’s not priced for growth it’s priced for cash-flow and I’m staying long, says Karen Finerman.

Gildan Activewear (GIL) dropped 31%. North America's largest T-shirt company cut its second-quarter and full-year profit estimates. – Awful, says Guy Adami

Under Armour (UA) dropped 11%. Higher costs knocked the athletic wear company's profits down 71% for the quarter. – They’re doing everything wrong in their attack on Nike, says Pete Najarian.

Simon Property Group (SPG) dropped 2%. The REIT fell despite the fact that SPG increased 2008 income guidance. – I’m short, reveals Karen Finerman.

Free cone day! On Tuesday Ben & Jerry's is having its annual free cone day. So go out and grab yourself a free ice cream cone.

U.S. Steel (X) dropped 1%. Profits were off 14% at the steel giant

Men. A professor of genetics at Oxford University has written a new book suggesting that the Y-chromosome is deteriorating and will eventually disappear - meaning that men will disappear all-together 125,000 years from now.

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Trader disclosure: On Apr. 29, 2008, 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), (ATVI), (MSFT), (DIS); Najarian Owns (AAPL), (TSO), (YHOO), (XLF);Najarian Owns (CHK) Calls, (MSFT) Calls, (POT) Calls; Finerman's Firm Owns (GE); Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (MO), (MSFT), (PM), (TSO) (VLO); Finerman's Firm Is Short (GLD), (IYR), (MDY), (IWM), (RTY), (SPY), (COF), (SPG); Finerman's Firm Owns A Bullish Call Spread In (YHOO) And Owns (YHOO) Stock; Finerman's Firm Is Short The British Pound; NBC Universal Is The Parent Company Of CNBC; GE Is The Parent Company Of CNBC