H.J. Heinz (HNZ) popped 3%. After getting shaken up by activist investor Nelson Peltz, sales at the ketchup and bean giant is running ahead of expectations. – Tim Seymour says this company is doing okay.
VMware (VMW) popped 13%. A day after the hottest IPO of the year, the software company kept rocking higher. – Guy Adami says don’t chase the stock, but put it on the radar.
Quiksilver (ZQK) popped 2%. Down 15% in the previous week, the surfing company bounced back. – Jeff Macke calls it a dead cat bounce.
The New York Times Co. (NYT) popped 2%. The gray lady had a dead-cat bounce after hitting a 10-year low. – Jeff Macke calls print a dead business.
DROPS (Stocks That Slid Lower)
E*Trade (ETFC) dropped 7%. The online brokerage and bank collapsed as investors worried about potential mortgage losses. – Pete Najarian thinks ETFC could go lower.
Lehman Bros (LEH) dropped 4%. The 157-year-old securities firm continues to be hurt by speculation some kind of bad news is looming. – Guy Adami thinks LEH is going lower.
Emerging Markets ETF (EEM) dropped 4%. Global growth in jeopardy...these are on the front lines. – Tim Seymour says if liquidity dries up, emerging markets will suffer.
Agilent (A) dropped 11%. The $13 billion maker of scientific-testing equipment cut its outlook on weak sales in Asia. – Jeff Macke expects another drop.
UAL Corp. (UAUA), AMR Corp. (AMR) both dropped 9%. The airlines remained in a nosedive as oil prices climb and investors worry about the economy. – Pete Najarian thinks these stocks are going lower.
KKR Financial Holdings (KFN) dropped 31%. The finance company run by LBO firm sold a number of mortgages at a $40 million loss, and predicted up to $250 million more of potential red ink when it sells the rest of its holdings. – Guy Adami says mortgage exposure is all bad.
Crocs (CROX) dropped 6%. The trendy shoemaker sold off along with the rest of the market in the last hour of trading. – Tim Seymour asks when is it okay for men to wear clogs?
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Trader disclosure: On Aug 15 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 (EMC), (JWN) Najarian Is Short (CFC), (GS),Seymour Owns (X), (EEM), Seymour Is Short (LEH), Red Star Asset Management Owns (MBT), Red Star Asset Management Is Short (EEM)