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Pops & Drops: AbitibiBowater, Toyota

Following are the day’s biggest winners and losers. Find out why shares of AbitibiBowater and R.H. Donnelly popped while Toyota and Home Depot dropped.

Stock Pops & Drops

POPS (stocks that jumped higher)

AbitibiBowater (ABH) popped 11%. The newspaper printer said its quarterly loss widened to $248 million but after dipping sharply at the open shares rebounded. – I think it’s a classic relief rally, says Guy Adami.

R.H. Donnelly (RHD) popped 29%. The Yellow Pages producer, already riding high on competitor Idearc's blowout earnings, reported its own profit which beat estimates. – I’m not impressed; it’s a highly levered company, says Karen Finerman.

Pope text messages. The Vatican is going high-tech for World Youth Day this July. Attendees at the event will receive daily "inspirational text messages" from Pope Benedict the Sixteenth.

Manitowoc (MTW) popped 5%. Illinois Tool Works out-bid Manitowoc for British food equipment company Enodis. – I think this stock is a buy, says Guy Adami.

Gymboree (GYMB) popped 6%. Same store sales at the children's retailer jumped 4% and it raised its first quarter earnings outlook.

Platypus. Oxford University scientists have decoded the genome for the Platypus, finding that the bizarre looking semi-aquatic animal is part bird, part reptile and part lactating mammal.

DROPS (stocks that slid lower)

Toyota Motor (TM) dropped 4%. A stronger yen combined with weaker U.S. demand led the Japanese automaker to forecast an annual profit decline. – I would avoid it, says Guy Adami.

Airlines. Shares of airline stocks like United, US Air and Delta all closed lower after a Merrill Lynch downgrade of the sector. – Oil is killing the airlines, explains Pete Najarian.

Home Depot (HD) dropped 2%. The home improvement retailer led the decliners in the Dow Thursday. – Buy the dip, counsels Jeff Macke.

Kaiser Aluminum (KALU) dropped 11%. Although the metals name more than doubled profits investors quickly took profits and sent shares tumbling. – I bought this dip, reveals Karen Finerman.

Nike (NKE) dropped 3%. Adidas's announced plans to expand its Asian sales stoking competition concerns for Nike. – I wouldn’t worry, says Pete Najarian.

Warner Music Group (WMG) dropped 2%. The recording and publishing company fell after posting a wider than expected loss and eliminated its dividend. – I don’t think anyone can save Warner Music, exclaims Jeff Macke.

Hansen Natural (HANS) dropped 15%. The beverage company who makes Monster Energy and Juice Slam drinks reported a profit short of expectations. – Goldman cut the forecast, adds Pete Najarian.

Clearwire (CLWR) dropped 9%. The WiMax play fell in the wake of Wednesday's landmark $14 billion deal after a Citigroup analyst downgraded shares to a "sell" citing valuation.

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Trader disclosure: On May 8, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami Owns (C), (GS), (INTC), (MSFT), (BTU), (AGU), (NUE); Najarian Owns (AAPL), (ENER), (TSO), (XLF), (BKC); Najarian Owns (AA) Calls, (EK) Calls, (MSFT) Calls, (BID) Calls, (YHOO) Calls, (C) Calls, Najarian Owns (BUD) Calls; Macke Owns (MSFT), (INTC), (ATVI); Finerman Owns (GS); Finerman's Firm And Finerman Owns (C) And (C) Leaps; Finerman's Firm And Finerman Own (HD), (KALU); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Owns (AEO), (MSFT), (NYX), (PLCE), (TSO), (VLO); Finerman's Firm Is Short (IYR), (MDY), (IWM), (SPY), (IJR)