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Pops & Drops: Nike, Whole Foods...

Following are the day’s biggest winners and losers. Find out why shares of Nike and BHP Billiton popped while Whole Foods and American Apparel dropped.

Stock Pops & Drops

POPS (stocks that jumped higher)

Nike (NKE) popped 3%. The president of the sneaker giant said the company might purchase a Chinese or Japanese rival to boost their Asian business. – Good reasons for a pop, says Pete Najarian.

BHP Billiton (BHP) popped 3%. Speculation Wednesday that China may take a stake in the world's largest mining company sent shares higher. –It’s getting a little rich on a valuation basis, says Guy Adami.

Astrazeneca (AZN) popped 2%.
The FDA approved the drug company's anti-psychotic drug, Seroquel. – Interesting, says Pete Najarian.

RF Micro Devices (RFMD) popped 4%. A Merrill analyst upgraded the maker of RFID tags and cited improvements from a recent restructuring. – I don’t like it, says Guy Adami.

Coach (COH) popped 5%. The luxury handbag maker rose after Macy's beat profit and sales expectations. – Very nice, says Karen Finerman

Schering Plough (SGP) popped 3%. Bernstein analysts raised their price target for the pharma name to $25 from $22.

Under Armour (UA) popped 5%. The sporting equipment company replaced IndyMac in Standard & Poor's Mid-Cap 400. – I think this company's share price is stuck for the next year, says Jeff Macke.

E*Trade (ETFC) popped 6%. The online broker's trading volume for April came in higher than expected.

Energizer (ENR) popped 5%. The battery company with a pink bunny as its mascot got a $100 price target at Bernstein and Merrill reiterated its "Buy" rating.

Sotheby's (BID) popped 11%. Bank of America said a contemporary art auction at rival house Christie's (which posted a total hammer price of $331.4 million) "bode well" for Sotheby's.

Velcro. Wednesday marks the 50th Anniversary of the day Velcro was trademarked in the United States. To celebrate, workers at a New Hampshire Velcro factory assembled in a one-mile long line and ripped apart strips of the sticky fabric.

DROPS (stocks that slid lower)

Whole Foods (WFMI) dropped 14%. Profit at the upscale supermarket fell 13% this past quarter.- I’m a skeptic, says Jeff Macke.

American Apparel (APP) dropped 9%. The hipster T-shirt company with the "colorful" CEO said first quarter profit was off 34%. – Stay away, counsels Karen Finerman.

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Trader disclosure: On May 14, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (MSFT), (INTC), (WMT), (EMC), (DIS); Pete Najarian Owns (AAPL), (BKC), (ENER), (TSO), (XLF); Pete Najarian Owns (C) Calls, (MSFT) Calls,  (YHOO) Calls; Finerman Owns (GS); Finerman's Firm Owns (JCP), (MSFT), (SUN), (TSO), (VLO), (AEO), (PLCE); Finerman's Firm Owns (YHOO) Puts And Call Spreads; Finerman's Firm Owns (C) And (C) Leaps; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC; Charles Schwab Is A Sponsor Of "Fast Money"