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Pops & Drops: Sprint, Tesoro...

Following are the week’s biggest winners and losers. Find out why shares of Sprint and Alcoa popped while Clear Channel and Tesoro dropped.

POPS (stocks that jumped higher)

Sprint (S) popped 20%. T-Mobile owner Deutsche Telekom is reportedly considering a bid for Sprint Nextel; the deal which would create the largest U.S. wireless carrier. – Wait and see, counsels Pete Najarian.

Stock Pops & Drops

Alcoa (AA) popped 8%. Materials names climbed on the week; the aluminum giant also named a new CEO Friday. – I like this stock, says Guy Adami.

H&R Block (HRB) popped 5%.
The Office of Thrift Supervision relaxed the tax preparer's capital requirement. – I’m not excited, says Pete Najarian.

Bon Jovi. For their next 100-city world tour Bon Jovi concerts are going high-tech. The band will spend over $2 million on 10ft by 10ft robotic screens with 40,000 moving parts. To get a closer look at these technological marvels, check out High Net Worth Friday night at 8:30 & 11:30pm ET on CNBC.

Applied Micro Devices (AMD) popped 13%. The chip maker filed a brief in its antitrust lawsuit against Intel and alleged Intel pressured PC makers not to use AMD chips. – I’m not a fan, says Guy Adami.

True Religion Apparel (TRLG) popped 16%. The maker of $200 jeans posted a 35% jump in quarterly profits and raised its full year guidance. – I think it’s a sell, says Jeff Macke. (PCLN) popped 10%. After raising its forecast the online travel agency moved higher.

Estee Lauder (EL) popped 8%. Slowing sales at U.S. department stores sent profits down 4% but shares rallied on an increased full-year forecast.

Duggars. The Duggars, a family from Arkansas, announced on the Today show this morning that they are expecting their 18th child. 

DROPS (stocks that slid lower)

Clear Channel Communications (CCU) dropped 4%. The radio company posted strong earnings on higher ad revenue but that was overshadowed by continued concerns regarding its buyout deal with Bain and Thomas H. Lee partners. – Not good, says Jeff Macke.

Sotheby's (BID) dropped 13%. The auction house said lower commissions and higher marketing and salary costs led to a $12 million loss. – The expenses are out of line, explains Karen Finerman.

The Knot (KNOT) dropped 15%. First quarter profit at the wedding website fell 65%. – Not yet, says Jeff Macke.

Tesoro (TSO) dropped 14%. $125 crude continued to squeeze margins at the refiners. – Imagine oil as a problem, Karen Finerman says.

General Motors (GM) dropped 12%. Workers at a Kansas plant walked off the job over a labor dispute and disrupted production of the popular Chevy Malibu.

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Trader disclosure: On May 9, 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), (AGU), (BTU), (NUE); Najarian Owns (AAPL), (BKC), (TSO), (XLF); Najarian Owns (AA) Calls, (BID) Calls, (BUD) Calls, (C) Calls, (MSFT) Calls, (YHOO) Calls; Macke Owns (ATVI), (MSFT), (INTC); Finerman Owns (GS); Finerman's Firm And Finerman Own (KALU), (HD); Finerman's Firm Owns SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Owns (MSFT), (TSO), (VLO), (PLCE); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); WWE Programs Air On Networks Of NBC Universal, The Parent Company Of CNBC