Pops & Drops: AbitibiBowater, Toyota

Following are the day’s biggest winners and losers. Find out why shares of AbitibiBowater and R.H. Donnelly popped while Toyota and Home Depot dropped.

POPS (stocks that jumped higher)

AbitibiBowater (ABH) popped 11%. The newspaper printer said its quarterly loss widened to $248 million but after dipping sharply at the open shares rebounded. – I think it’s a classic relief rally, says Guy Adami.

R.H. Donnelly (RHD) popped 29%. The Yellow Pages producer, already riding high on competitor Idearc's blowout earnings, reported its own profit which beat estimates. – I’m not impressed; it’s a highly levered company, says Karen Finerman.

Pope text messages. The Vatican is going high-tech for World Youth Day this July. Attendees at the event will receive daily "inspirational text messages" from Pope Benedict the Sixteenth.

Manitowoc (MTW) popped 5%. Illinois Tool Works out-bid Manitowoc for British food equipment company Enodis. – I think this stock is a buy, says Guy Adami.

Gymboree (GYMB) popped 6%. Same store sales at the children's retailer jumped 4% and it raised its first quarter earnings outlook.

Platypus. Oxford University scientists have decoded the genome for the Platypus, finding that the bizarre looking semi-aquatic animal is part bird, part reptile and part lactating mammal.

DROPS (stocks that slid lower)

Toyota Motor (TM) dropped 4%. A stronger yen combined with weaker U.S. demand led the Japanese automaker to forecast an annual profit decline. – I would avoid it, says Guy Adami.

Airlines. Shares of airline stocks like United, US Air and Delta all closed lower after a Merrill Lynch downgrade of the sector. – Oil is killing the airlines, explains Pete Najarian.

Home Depot (HD) dropped 2%. The home improvement retailer led the decliners in the Dow Thursday. – Buy the dip, counsels Jeff Macke.

Kaiser Aluminum (KALU) dropped 11%. Although the metals name more than doubled profits investors quickly took profits and sent shares tumbling. – I bought this dip, reveals Karen Finerman.

Nike (NKE) dropped 3%. Adidas's announced plans to expand its Asian sales stoking competition concerns for Nike. – I wouldn’t worry, says Pete Najarian.

Warner Music Group (WMG) dropped 2%. The recording and publishing company fell after posting a wider than expected loss and eliminated its dividend. – I don’t think anyone can save Warner Music, exclaims Jeff Macke.

Hansen Natural (HANS) dropped 15%. The beverage company who makes Monster Energy and Juice Slam drinks reported a profit short of expectations. – Goldman cut the forecast, adds Pete Najarian.

Clearwire (CLWR) dropped 9%. The WiMax play fell in the wake of Wednesday's landmark $14 billion deal after a Citigroup analyst downgraded shares to a "sell" citing valuation.

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Trader disclosure: On May 8, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami Owns (C), (GS), (INTC), (MSFT), (BTU), (AGU), (NUE); Najarian Owns (AAPL), (ENER), (TSO), (XLF), (BKC); Najarian Owns (AA) Calls, (EK) Calls, (MSFT) Calls, (BID) Calls, (YHOO) Calls, (C) Calls, Najarian Owns (BUD) Calls; Macke Owns (MSFT), (INTC), (ATVI); Finerman Owns (GS); Finerman's Firm And Finerman Owns (C) And (C) Leaps; Finerman's Firm And Finerman Own (HD), (KALU); Finerman's Firm Owns (YHOO) And (YHOO) Call Spreads; Finerman's Firm Owns SPX Index Puts; Finerman's Firm Owns (AEO), (MSFT), (NYX), (PLCE), (TSO), (VLO); Finerman's Firm Is Short (IYR), (MDY), (IWM), (SPY), (IJR)