POPS (stocks that jumped higher)
GameStop (GME) popped 9%.The video-game retailer beat analyst forecasts and raised its guidance on strong sales of Guitar Hero II and NCAA Football '08. – Pete Najarian says video games are on fire.
Limited Brands (LTD) popped 6%. The parent of Victoria's Secret beat estimates by a penny, helping it bounce back from a 52-week low. – Jeff Macke says sell this stock.
Limelight Networks (LLNW) popped 5%. The company, which makes software that speeds up the delivery of web videos, was hired by Microsoft. – Carter Worth says stay away.
Your iPhone Bill... Some are 300+ pages...According to text messages sent to customers yesterday, AT&T is now going to keep the itemized detail on the web.
Sotheby's (BID) popped 4%. The auction house boosted its sales commission to 25% from 20% for items under $20,000, matching a similar move by Christie's.
Phillips-Van Heusen (PVH) popped 4%. The owner of Izod and Timberland presented a rosier earnings forecast than analysts expected. – Carter Worth says it’s a fantastic company.
Amgen (AMGN) popped 2%. Investors fished for value in the biotech giant after the shares fell below $50 for the first time in over 4 years. – Pete Najarian says stay away.
Smithfield Foods (SFD) popped 8%. The country's biggest hog and turkey producer beat analyst estimates as its overseas business beefed up results. – Jeff Macke recommends investors stay long.
DROPS: (stocks that slid lower)
Hot Topic (HOTT) dropped 9%. The retailer catering to teen wannabe's had a wider than expected loss and issued a disappointing forecast. – Guy Adami doesn’t know what to say.
JDS Uniphase (JDSU) dropped 5%. The infamous maker of fiber optic equipment earned more than expected last quarter, but didn't raise its forecast for the next period. – Pete Najarian calls this stock, terrible.
Children's Place (PLCE) dropped 17%. The kiddie clothier predicted a huge earnings miss and told investors don't expect things to get better any time soon. – Jeff Macke doesn’t like this stock.
Crocs (CROX) dropped 2%. The Colorado-based specialty shoe company, after popping more than 300% this year, gave back some of its gains. – Pete Najarian says “Cone on! The stock is up 300% for the year!”
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Trader disclosure: On Aug 23 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 (DIS), (ATVI), (HAS); Najarian Owns (GS) Puts; Najarian Owns S&P Puts; Oppenheimer & Co. Inc. Is A Market Maker In (MRVL)