Fossil (FOSL) popped 5%. The 2 billion dollar watchmaker beat analyst forecasts, thanks largely to strong demand outside the US. – Jeff Macke says sell this stock.
DROPS: (stocks that slid lower)
Carnival Cruises (CCL) dropped 5%. The cruise line operator fell after the National Weather Service upgraded a depression in the Atlantic to Tropical Storm Dean. – Guy Adami jokes that Tim Strazzini must have canceled his vacation plans.
Fortress (FIG) dropped 7%. The hedge fund and private equity firm reported a $55 million second-quarter loss as compensation costs almost doubled. – Don’t own it, says Guy Adami.
RadioShack (RSH) dropped 7%. The Texas-based peddler of electronic wares fell along with other retailers in the wake of Wal-Mart's comments about the consumer. – Jeff Macke says sell this stock.
Delta (DAL) dropped 2%. With hurricane season and fears about the economy growing, who on earth would want to buy the number 3 US airline? – Pete Najarian sees nothing but headwinds for the airlines.
Clean Energy Fuels (CLNE) dropped 23%. The natural-gas company founded by ex-oil wildcatter Boone Pickens said its second-quarter loss more than tripled, even as sales increased. – Karen Finerman says she doesn’t feel sorry for Pickens.
Disney (DIS) dropped 3%. The media giant is rolling over on virtually no news. – Guy Adami jokes that the ESPN 360 launch must not have gone well.
Got something to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to email@example.com.
Trader disclosure: On Aug 14 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money Macke Owns (INTC), (EMC), (ATVI), (DIS); Finerman's Firm And Finerman Own (HD), (KALU) Finerman's Firm Owns (GE), (PHM), (WMT), (KFT); NBC Universal Is The Parent Company Of CNBC