×

Stocks On The Move: Apple, Continental Airlines….

Following are the days biggest winners and losers. Find out why shares of Apple (AAPL), RealNetworks (RNWK) and Continental Airlines (CAL) popped while Hess Corp (HES) and Infosys Technologies (INFY) dropped.

POPS (stocks that jumped higher)

Apple (AAPL) popped 4%. Apple could sell more iPhones than expected this quarter, according to a UBS analyst who's been talking to retailers selling the device. – Guy Adami thinks the analyst call was early.

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.


______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

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