Office Depot (ODP) popped 9%. Despite a 55% decline in profits for the office-supply retailer shares rallied on an EPS that was better than expected. – Walk away, exclaims Jeff Macke.
Rent-A-Center (RCII) Pops 12%. The rent-to-own operator said profit doubled. – I don’t think it’s that exciting, says Jeff Macke.
Watson Pharmaceuticals (WPI) popped 7%. The generic drug maker received a lift after the FDA permitted the company's Florida plant (under scrutiny since 2005) to resume production on certain drugs.
Flowserve (FLS) popped 8%. The pump and valve company popped after-hours Monday, after pumping up its forecast.
DROPS (stocks that slid lower)
Masco (MAS) dropped 5%. The housing slump smacked the maker of faucets and house paint. Their profits dropped 99%. – Not so good, says Guy Adami.
Energizer Holdings (ENR) dropped 12%. Profits at Energizer, which produces its namesake batteries and Schick razors were off 9% this quarter on slumping U.S. demand. – I think they will continue to see margin pressure, says Jeff Macke.
Altria (MO) dropped 5%. Morgan Stanley cut its outlook on the tobacco industry to "in-line'' from "attractive'' citing declining prospects for U.S. growth. – It’s not priced for growth it’s priced for cash-flow and I’m staying long, says Karen Finerman.
Gildan Activewear (GIL) dropped 31%. North America's largest T-shirt company cut its second-quarter and full-year profit estimates. – Awful, says Guy Adami
Under Armour (UA) dropped 11%. Higher costs knocked the athletic wear company's profits down 71% for the quarter. – They’re doing everything wrong in their attack on Nike, says Pete Najarian.
Simon Property Group (SPG) dropped 2%. The REIT fell despite the fact that SPG increased 2008 income guidance. – I’m short, reveals Karen Finerman.
Free cone day! On Tuesday Ben & Jerry's is having its annual free cone day. So go out and grab yourself a free ice cream cone.
U.S. Steel (X) dropped 1%. Profits were off 14% at the steel giant
Men. A professor of genetics at Oxford University has written a new book suggesting that the Y-chromosome is deteriorating and will eventually disappear - meaning that men will disappear all-together 125,000 years from now.
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Trader disclosure: On Apr. 29, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (ATVI), (MSFT), (DIS); Najarian Owns (AAPL), (TSO), (YHOO), (XLF);Najarian Owns (CHK) Calls, (MSFT) Calls, (POT) Calls; Finerman's Firm Owns (GE); Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (MO), (MSFT), (PM), (TSO) (VLO); Finerman's Firm Is Short (GLD), (IYR), (MDY), (IWM), (RTY), (SPY), (COF), (SPG); Finerman's Firm Owns A Bullish Call Spread In (YHOO) And Owns (YHOO) Stock; Finerman's Firm Is Short The British Pound; NBC Universal Is The Parent Company Of CNBC; GE Is The Parent Company Of CNBC
