Following are the week’s biggest winners and losers. Find out why shares of Priceline.com and Hormel popped while Best Buy and VMWare dropped.
POPS (stocks that jumped higher)
Priceline.com (PCLN) popped 14%. The internet travel agency popped after reporting better than expected results and increasing its outlook for the third quarter. You gotta love what William Shatner is doing for these guys, says Pete Najarian, however, it's probably ready for a pullback.
Barnes & Noble (GPS) popped 4%. You gotta loook at the technical chart, says Joe Terranova, it tells you to run for cover.
Hormel (HRL) popped 5%. The maker of SPAM meat popps after announcing that its earnings this year would be higher than expected because of improved results from its turky and refrigerated food units. Costs are cheaper, they're doing phenomenally well, says Pete Najarian.
DROPS (stocks that slid lower)
Best Buy (BBY) dropped 5%. Downgraded at Goldman Sachs today, it's been having trouble at the $41 level, Guy Adami sees the stock headed to 35.
Palm (PALM) dropped 6%. It's been down recently, and it looks to move lower from here, says Guy Adami.
VMWare (VMW) dropped 3%. The information technology firm dropped today after being cut to underperform from hold at Jefferies. - I think you can buy at this point, advises Joe Terranova.
Bank of Scotland (RBS) dropped 7%.fastmoney-web@cnbc.comRapid Recap
Trader disclosure: On Aug. 10th, 2009, 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 (C) Calls, Owns (CSCO) And Is Short (CSCO) Calls, Owns (FCX), Is Short (FCX) Calls, Owns (FCX) Puts; Owns (GS), Is Short (GS) Calls, Owns (GS) Puts; Owns (INTC) And Is Short (INTC) Calls; Owns (JPM) And Is Short (JPM) Calls; Owns (MCD) Call Spread; Owns (MS) And Is Short (MS) Calls
Najarian Owns (MSFT) And Is Short (MSFT) Calls; Owns (PALM) Call Spread; Owns (TCK) Call Spreads; Owns (TIBX) Calls; Owns (YHOO) Call Spread; Terranova Owns (AMZN), (MCD), (MSFT), Is Short (F), Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE)
Virtus Diversifier PHOLIO Owns (DBC)
Virtus Diversifier PHOLIO Owns (DBV)
Virtus Investment Partners Owns More Than 1% Of (ABD)
Virtus Investment Partners Owns More Than 1% Of (CAL)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (SKT)
Virtus Investment Partners Owns More Than 1% Of (TNB)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (CLB)
Narang's Fund Is Short (NYX) And Is Long (NYX) Calls And Puts
Narang's Fund Owns (NDAQ) And Is Long (NDAQ) Calls And Puts
Narang's Fund Is Short (GS) And Is Short (GS) Calls And Puts
Stutland Is Short (EEM) Puts
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