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Stocks On The Move: Vonage, Hovnanian...

Following are the days biggest winners and losers. Find out why shares of Vonage (VG), Hovnanian (HOV) and Skechers (SKX) poppedwhile Nike (NKE) and Morgan Stanley (MS) dropped.

POPS (stocks that jumped higher)

Vonage (VG) popped 10%. The online telephone company lost less money last quarter than analysts had expected. – Eric Bolling says sell the pop.

Hovnanian (HOV) popped 10%. After losing two-thirds of its value this year, the homebuilder run by a Fast Money friend continued its dead-cat bounce. – Eric Bolling says sell the pop.

Skechers (SKX) popped 13%. Down 40% in the quarter, the hip, skater shoe company bounced as bears covered their shorts. – Pete Najarian says he likes Nike better.

Fleetwood Enterprises (FLE) popped 6%. The RV and trailer home maker bounced with some of the other homebuilders. – Guy Adami calls the pop “madness!”

POPS AND DROPS (stocks that moved up and down)

Steak N Shake (SNS) popped 12% in regular trading, then dropped 10% in after hours. Investors bet earnings after the bell would be blowout and were wrong as the Indianapolis restaurant chain cut its forecast. – Pete Najarian says he likes their food, but not their stock.

DROPS: (stocks that slid lower)

Lehman (LEH) dropped 7%. A day after making the "pop" list the securities firm found itself among the hardest hit investment banks. – Pete Najarian says they need a captain for this ship – he thinks it’s going down.

Morgan Stanley (MS) dropped 5%. The investment bank also gets body-slammed by the King Kong of global risk. – Guy Adami thinks the stock will still move lower, but the time to buy is coming soon.

Family Dollar(FDO) dropped 12%. Weak apparel sales caused the discount retailer cut to cut its full-year forecast – Jeff Macke says get out of this stock.

Americredit (ACF) dropped 7%. The car loan company cut its full-year profit forecast. - Guy Adami says stay away from credit and autos on a day like Thursday.

Nike (NKE) dropped 5%. Philip Knight co-founded the shoe giant in 1972, but now he's getting out, dumping 200,000 shares this month. – Jeff Macke likes this company.

Snap-On Tools (SNA) dropped 12%. The hand tool company became the latest victim of traders selling anything with gains to raise cash. – Eric Bolling says this stock hasn’t been the same since Pamela Anderson started doing their ads.

BJ's Wholesale Club (BJ) dropped 8%. Same-store sales for the discount warehouse came in at less than half the level forecast by analysts. – Jeff Macke says it’s the worst of the club stores. Instead, he recommends buying Costco (COST).


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Trader disclosure: On Aug 9 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:Macke Owns (JWN), (INTC); Najarian Owns (GS), (AMSC); Bolling Owns (T), (BP), Gold, Silver; Bolling Owns Japanese Yen Futures