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Pops & Drops: Heinz, Big Lots...

Following are the day’s biggest winners and losers. Find out why shares of Heinz and Big Lots popped while Marriott and gold dropped.

POPS (stocks that jumped higher)

Stock Pops & Drops

Heinz (HNZ) popped 3%. Higher commodity costs led the ketchup giant to raise prices, yielding a 7% increase in profits. – They’re a good operator, says Jeff Macke.

Big Lots (BIG) popped 8%. Bulk retailers are now officially in vogue with the American consumer. Profits at Big Lots are up 20% this quarter. – I’m short this stock, says Karen Finerman.

Under Armour (UA) popped 2%. The sportswear company closed higher after Credit Suisse raised their price target for competitor Nike.

Trump Entertainment Resorts (TRMP) popped 23%. The Donald sold the Trump Marina Hotel Casino in Atlantic City to Coastal Marina, which also run's Jimmy Buffett's Margaritaville chain, for $316 million. – I’m not playing, says Jeff Macke.

Genesco (GCO) popped 6%. The shoe retailer said it would post a full-year profit higher than previous estimates. – Not so bad, says Karen Finerman.

Expedia (EXPE) popped 6%. This is the second "pop" in a row for the online travel site on continued speculation of privatization. The stock continues to trade higher despite the fact that IAC's CEO Barry Diller has denied the speculation.

Kosan Biosciences (KOSN) popped 229%. This is quite possibly the largest single-day pop we've ever had on this show. Bristol Myers agreed to pay $190 million to gain control of Kosan's experimental cancer treatments.

Amylin (AMLN) popped 5%. The biotech advanced ahead of ASCO this weekend.

Coldwater Creek (CWTR) popped 7%. Although it swung to a loss for the quarter it was smaller than expected and the retailer said it might post a profit for full-year 2008.

Monkeys. A study published in the journal Nature shows that monkeys with sensors attached to their brains can be taught to control a mechanical arm as if it were an extension of their own body.

DROPS (stocks that slid lower)

Marriott (MAR) dropped 2%. Morgan Stanley cut the hotel chain to "Equal weight" from "Over weight." – Business travel is getting squeezed, explains Pete Najarian.

Gold ETF (GLD) dropped 3%. As the dollar strengthened the gold trade continued to deteriorate.

Men's Wearhouse (MW) dropped 10%. First quarter profits at the men's formalwear retailer were below estimates. They also lowered their full year profit outlook.

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Trader disclosure: On May 29, 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 (BTU), (C), (AGU), (NUE), (GS), (INTC), (MSFT); Finerman Owns (GS); Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (AAPL); Finerman's Firm Owns SPX Index Puts; Finerman's Firm Is Short (BIG); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm And Finerman Own (GLNG); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY Pete Najarian Owns (AAPL), (ANR), (BHI), (TSO), (XTO), (XLF), (HPQ), (BKC) (MAS), (ENER), (SYMX) (SVNT); Pete Najarian Owns (BAC) Puts