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Pops & Drops: Dell, True Religion...

Following are the day’s biggest winners and losers. Find out why shares of Dell and Fluor popped while True Religion and Western Refining dropped.

POPS (stocks that jumped higher)

Dell (DELL) popped 3%. You might say HP's pain was Dell's pleasure; some investors felt Hewlett had overpaid in its deal to buy EDS. – Not interested, says Jeff Macke.

Stock Pops & Drops

Fluor (FLR) popped 15%. After boosting profits 64% this quarter analysts at Lehman and Friedman, Billings Ramsey upgraded the infrastructure name. – It’s all working, says Karen Finerman.

Medarex (MEDX) popped 14%. An analyst at Needham & Co. upgraded this biotech citing upcoming presentations on its melanoma and rheumatoid arthritis drugs. – Interesting, says Pete Najarian.

The McGraw-Hill Companies (MHP) popped 5%. Goldman Sach’s added this publisher of magazines, textbooks, and owner of Standand & Poors to its Conviction "Buy" List. MHP was also upgraded by Jefferies. – I wouldn't be a huge buyer here, says Guy Adami.

Constellation Brands (STZ) popped 12%. The liquor company's execs told investors at a Goldman Sachs consumer conference that its premium wine business was still strong amid an economic slowdown. – Interesting, says Jeff Macke.

Abbott Labs (ABT) popped 3%. In a two-year test this Chicago-based drug maker's stents performed better than those made by Boston Scientific.– I think it could be a drop later on, says Pete Najarian.

Foster Wheeler (FWLT) popped 9%. After fellow infrastructure name Fluor increased profits by 64%, shares of Foster Wheeler climbed higher.- I think it’s a good way to play synthetic power, says Guy Adami.

USANA Health Sciences (USNA) popped 23%. The founder and CEO of this nutrition company offered to take it private at $26/share valuing the company at $428 million. He previously owned 68% of the company.

DROPS (stocks that slid lower)

IndyMac (IMB) dropped 24%. The mortgage lender reported a worse than expected quarterly loss and said it would stop interest and dividend payments on certain securities. – Stay away, says Karen Finerman.

True Religion Apparel (TRLG) dropped 6%. It was a pop last week on earnings but on Tuesday the high-end jean maker dropped on no news.

The TJX Companies (TJX) dropped 5%. Profits at TJ Maxx and Marshall's were up 20% but investors sold off shares on a disappointing Q2 forecast. – This stock had been a little rich, says Karen Finerman.

Western Refining (WNR) dropped 17%. WNR swung to a loss as record crude prices squeezed profit margins. Revenue, however, more than doubled.

Jet Blue. Gokhan Mutlu, a New York City man, is suing JetBlue for $2 million dollars claiming that during a flight to San Diego he was forced to give up his seat to a flight attendant and ordered by the pilot to sit on the toilet instead. JetBlue shares were down 2% today.

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Trader disclosure: On May 13, 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 (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (AAPL), (AMAT), (ENER), (NOK), (TSO), (XLF); Najarian Owns (C) Calls, (MSFT) Calls, (YHOO) Calls, (AES) Calls; Macke Owns (WMT), (INTC), (DIS), (EMC), (ATVI), (MSFT), (HAS); Finerman Owns (GS); Finerman's Firm Owns (KSS), (MSFT), (TSO), (VLO), (GLNG); Finerman's Firm Owns (YHOO) Call Spreads; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Owns (C) And (C) Leaps; Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY); GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC