Following are the day’s biggest winners and losers. Find out why shares of Kraft and Monsanto popped while Time Warner and Colgate dropped.
POPS (stocks that jumped higher)
Kraft (KFT) popped 3%. The cheese-maker jumped after profit & revenue topped estimates. – Earnings weren’t as bad as analysts had feared even though costs are much higher, explains Karen Finerman.
Monsanto (MON) popped 3%. Wednesday’s rising corn and wheat futures spiked shares of the seed company. – It was a little bit of a relief rally, says Pete Najarian.
DaVita (DVA) popped 3%. A 6% jump in daily kidney dialysis treatments led to a 14% increase in profits. – Good for them, says Karen Finerman.
Buffalo Wild Wings (BWLD) popped 19%. Score another win for casual dining stocks: earnings up 18%, comps up 4% and revenues up 22%. – Casual dining is back baby, exclaims Jeff Macke.
Ingersoll-Rand (IR) popped 4%. Profits were 35% higher at the refrigeration equipment company, as European and Indian demand offset a domestic slowdown. – I like this name, says Guy Adami.
BioMarin Pharmaceuticals (BMRN) popped 8%. A 51% increase in sales of the biotech's enzyme-replacement drug helped BioMarin swing to a profit. – Keep this one on your radar, counsels Pete Najarian.
Jones Apparel Group (JNY) popped 6%. The company behind the Anne Klein and Nine West brands said net income was off 59% but shares rallied from their lows. – Don’t buy the rallies in the apparel business, counsels Jeff Macke.
Dreamworks Animation (DWA) popped 9%. Box office from "Bee Movie" and DVD sales from "Shrek the Third" led Dreamworks to a 69% increase in profits. – I like those movies, says Guy Adami.
Align Technology (ALGN) popped 19%. The maker of "Invisalign" dental braces posted a profit that was twice as high as analysts had expected.
Professional Sign Spinning. A TV commercial for CNBC.com’s Million Dollar Portfolio Challengeis calling attention to the unheralded art of "sign spinning." The young man in the ad is a "spinstructor" from A-Arrow Advertising, the company that made the sign.
DROPS (stocks that slid lower)
Time Warner (TWX) dropped 3%. In addition to posting a 36% plunge in profits, the entertainment conglomerate said it would spin-off the rest of its cable-TV business. – It’s a selling opportunity, says Jeff Macke.
Colgate Palmolive (CL) dropped 7%. The maker of Speed Stick and Irish Spring moved lower on margin concerns. – I’m not excited about this stock, says Guy Adami.
Garmin (GRMN) dropped 12%. Price wars with competitor Tom-Tom led to disappointing profits at the GPS navigation firm. – The pricing pressures are really tough, says Karen Finerman.
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Trader disclosure: On Apr. 30, 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 (MSFT), (INTC); Pete Najarian Owns (AAPL), (NOK), (TSO), (XLF), (YHOO); Pete Najarian Owns (C) Calls, (CHK) Calls, (MSFT) Calls, (POT) Calls, (SBUX) Calls, (GA) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD), (KALU); Finerman's Firm Owns (MSFT), (SBUX), (TSO), (VLO), (DVA), (SUN); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (C) Leaps, Finerman Owns (C); Finerman's Firm Is Short (IYR), (MDY), (SPY), (IJR), (IWM); Seygem Asset Management Owns (ITU), (NIHD)