Synchronoss Technologies (SNCR) popped 11%. The company whose software lets new users activate their iPhones rebounded after market volatility cut them down by more than a quarter over the past month. – Pete Najarian recommends staying away from SNCR for now.
RealNetworks (RNWK) popped 8%. The parent of Real Player is teaming up with MTV to take on iTunes. – Jeff Macke doesn’t think RNWK will take down Apple.
Continental Airlines (CAL) popped 9%, AMR (AMR) popped 7%, and Delta (DAL) popped 10%. The carriers reversed their descents after oil fell back below $70 a barrel. – Constance Hunter believes traders are short covering.
VMWare (VMW) popped 15%. It might be the hottest IPO so far this year, but an analyst at RW Baird stressed you ain't seen nothing yet for the server software maker. – Guy Adami says don’t chase the stock here.
Take-Two Interactive (TTWO) popped 9%. The videogame maker announced the release date for the eagerly awaited BioShock game and Merrill Lynch said they could be a takeover candidate. – Jeff Macke recommends selling this stock.
Home foreclosures popped 93% for July, according to RealtyTrac, a marketplace for houses on the auction block.
Costco (COST) popped 4%. The warehouse retailer staged a mysterious afternoon rally. – Jeff Macke says COST is a buy.
Starwood Hotels & Resorts (HOT) popped 4%. The owner of Sheraton and Westin hotels rose on speculation takeover artist Kirk Kerkorian was buying up the shares. – Pete Najarian recommends keeping an eye on this stock.
Amazon.com (AMZN) popped 4%. The online retailer continues to defy gravity. – Jeff Macke tells the panel to runaway from this stock.
Harvard Endowment popped 23% in the last 1 year under new manager Mohamed El-Erian. The nation's oldest higher-learning center had its best year in the markets since the dot-com boom in 2000.
DROPS: (stocks that slid lower)
Toll Brothers (TOL) dropped 4%. Bank of America cut the homebuilder to sell a day before it reports earnings on concern the housing slump is spreading to the higher end of the market. – Guy Adami says listen to the earnings call closely.
UST Inc. (UST) dropped 8%. The maker of Skoal and Copenhagen fell after Philip Morris planned to sell its own smokeless tobacco. – Pete Najarian thinks MO presents a problem from UST.
Hess Corp (HES) dropped 3%. The Big Apple-based energy company edged lower as oil prices dropped. – Constance Hunter feels HES was dragged down by the broader energy market, but that it might remain lower for a while.
Infosys Technologies (INFY) dropped 5%. The subprime crisis spreads to Bangalore as investors worry the outsourcing firm will lose business with banks in the US. – Constance Hunter thinks the dip presents a buying opportunity.
Saks (SKS) dropped 6% on margin pressure. Guy Adami feels the same numbers would have propelled the stock higher a year ago.
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Trader disclosure: On Aug 21 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), (ATVI), (EMC); Najarian Owns S&P Puts; Constance Hunter Is The Founder And Owner Of Coronat Capital Management; Coronat Capital Management Owns (INFY),(H&M), (USO); Coronat Capital Management Owns Yen; Coronat Capital Management Owns VIX Options; Coronat Capital Management Is Short (FXI); Coronat Capital Management Is Short (EWH) But Owns Local-Listed Hong Kong Shares