Following are the days biggest winners and losers. Find out why shares of Mentor (MNT), Urban Outfitters (URBN) and Interpublic (IPG) popped while Heelys (HLYS) and Dreamworks (DWA) and dropped.
POPS (stocks that jumped higher)
Mentor (MNT) popped 17%. Strong sales of its new silicone breast implants helped the company's full-year outlook. - Pete Najarian says it’s a result of strength in the luxury markets.
XM Satellite Radio (XMSR) popped 5%.The head of the FCC spoke kindly of the satellite radio company's a la carte pricing idea, making investors bet the government will approve its merger with rival Sirius Satellite (SIRI). - Jeff Macke says buy Sirius with a 2-handle.
Urban Outfitters (URBN) popped 10%. The hipster retailer's sales outpaced The Street. – Guy Adami says good things are happening at URBN.
Interpublic (IPG) popped 15%. Bolstered by strong Asian growth, the advertising giant earned more than twice what analysts expected in the second quarter. - Pete Najarian says China growth is knocking the cover off the ball.