Pops & Drops: Cablevision, Golar...

Following are moves you might have missed. Find out why shares of Cablevision and Golar popped while Sprint and Talbots dropped.

POPS (stocks that jumped higher)

Cablevision (CVC) popped 6%. The board approved a spin-off of its cable networks unit to be called AMC Networks, formerly known as Rainbow Media. - I think it has a little more upside, says Guy Adami.

Intel (INTC) popped 2%. Street speculation intensified that the company may ink a deal with Apple to make chips for the iPad and iPhone.

Temple-Inland (TIN) popped 41%. International Paper made an unsolicited bid for the company at $3.38 billion or $30.60 / share, and in response the company adopted a 'poison pill' to fend off the takeover. - I hope they engage in discussions, says Karen Finerman.

Apache (APA) popped 2%. Raymond James upgraded the stock to ‘Strong Buy’ and raised its price target to $180 saying the company was “too cheap to ignore.” - I'd be wary, says Joe Terranova.

Golar (GLNG) popped 4%. Owners of shares as of market close Tuesday will be eligible for a dividend of 25 cents per share. - Nice job, says Karen Finerman.

DROPS (stocks that slid lower)

Sprint (S) dropped 3%. Stifel downgraded the stock to ‘Sell’ from ‘Hold’ citing concerns about the company’s 4G strategy. - I'd stay away, says Brian Kelly.

Talbots (TLB) dropped 38%. The company warned its revenue would fall for a fifth straight quarter while heavy discounting shrinks its margins. - Pretty bad, says Zach Karabell.

______________________________________________________
Got something to to say? Send us an e-mail at [e-mail] and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our Web site send your e-mail to .

Trader disclosure: On June 7, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karabell owns (AAPL); Karabell owns (CSCO); Karabell owns (DD); Karabell owns (GE); Karabell owns (GOOG); Karabell owns (GS); Karabell and River Twice Capital own (IBM); Terranova owns (XOM); Terranova owns (KSS); Terranova owns (CVI); Terranova owns (OXY); Terranova owns (TM); Terranova owns (BJ); Terranova owns (DIS); Terranova owns (PFE); Terranova owns (V); Terranova owns (HPQ); Terranova owns (FLX); Terranova owns (JPM); Terranova owns (MCD); Terranova owns (PEP); Terranova owns (VRTS); Terranova is short (DELL); Terranova is Chief Market Strategist of Virtus Investment Partners, LTD; Adami owns (AGU); Adami owns (C); Adami owns (INTC); Adami owns (GS); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU)

For Anthony Scaramucci
Skybridge is a Fund of Funds Manager
Funds Held May or May not Own the Recommended Securities

Zachary Karabell
River Twice Capital is short (SPY)
River Twice Capital is short (CAT) puts
River Twice Capital owns (EMC)

Brian Kelly
Accounts Managed by Brian Kelly Capital own (GLD)
Accounts Managed by Brian Kelly Capital own (SLV)
Accounts Managed by Brian Kelly Capital own (IWM) puts
Accounts Managed by Brian Kelly Capital own new zealand dollar
Accounts Managed by Brian Kelly Capital own swedisk krona
Accounts Managed by Brian Kelly Capital own canadian dollars

For Joe Terranova
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of  (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSWI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK &URL PLC
Virtus Investment Partners Owns More Than 1% Of (DRYS)

For Mike Khouw
Cantor Fitzgerald is a market maker in (AAPL), (AMZN), (C), (CSCO), (CVS), (JDSU), (QQQ), (QCOM), (GOOG), (F), (GE), (SMH), (T), (YHOO), (XLF), (SLV), (EBAY), (EMC)

For James Iuorio
Iuorio is short (USO)

For Jeff DeGraaf
**No Disclosures