Following are the day’s biggest winners and losers. Find out why shares of EMC Corp. and NVIDIA popped while Ctrip.com and China Digital TV dropped.
POPS (stocks that jumped higher)
EMC (EMC) popped 9%. Speculation Thursday that EMC may sell all or part of its majority stake in VMWare sent shares soaring. – I like this stock, says Guy Adami.
NVIDIA (NVDA) popped 8%. Friedman, Billings Ramsey said the second-quarter PC build forecast was bullish for chip stocks including this graphics card maker. – I also like this stock for PC sales, says Jeff Macke.
Jennifer Sharpe. The 15-year old from Detroit sold 17,328 boxes of Girl Scout cookies and financed a trip to for her troop to Europe selling Samoas, Do-Si-Dos and Thin Mints. Although the Scouts do not keep track national sales records it is believed that Jennifer now holds the title of most boxes sold.
Sotheby's (BID) popped 8%. Like Christie's before it, Sotheby's had a successful contemporary art auction Wednesday night selling works by Warhol, Koons, and Damien Hirst.
Peabody Energy (BTU) popped 8%. The coal miner touched a new 52-week high Thursday for no clear reason. – It got a nice upgrade on Thursday, explains Pete Najarian.
The Knot (KNOT) popped 7%. Stanford research said the CBS-CNET deal would launch a new wave of internet advertising consolidation. – I think it’s a sell, says Jeff Macke.
Posco (PKX) popped 7%. In the wake of the Chinese earthquake investors bid up the Korean steel firm as a play on rebuilding. – South Korea hasn’t been the greatest place to invest lately, says Guy Adami.
Saks (SKS) popped 9%. High end retailers benefited this week after Macy's surprise earnings.
Hewlett-Packard (HPQ) popped 2%. Investors returned to HPQ after selling off shares in the wake of its EDS offer. – I think the EDS acquisition was terrific, says Pete Najarian.
DROPS (stocks that slid lower)
Ctrip.com (CTRP) dropped 9%. China's biggest online travel company said sales would only grow 30% next quarter, shy of the 39% growth previously expected. It was downgraded at Susquehanna after the news. – It’s getting beat up here, says Tim Seymour.
China Digital TV Holding (STV) dropped 11%. The maker of cards for digital TV access posted disappointing earnings. – It’s down about 80% from its IPO, explains Tim Seymour.
CEO Pay. A new survey by Mercer consulting shows that the recession has led to CEO paycuts. Salaries of 50 large U.S. companies (those with revenue over $60 billion) showed a 15.8% average drop in direct compensation last fiscal year. But you can dry your eyes, the median salary in this group is $14 million.
Sealy (ZZ) dropped 2%. This mattress stock added to its 40% decline year to date.
Melco PBL (MPEL) dropped 5%. Despite swinging to a profit this quarter investors sold-off shares of the Macau-based casino.
Charles Barkley. The Wynn casino is suing Charles Barkley for failing to pay off $400,000 in debts which he incurred over a weekend last October. If the former NBA star cannot pay he may face felony charges.
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Trader disclosure: On May 15, 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), (EMC), (DIS), (MSFT); Adami Owns (BTU), (C), (GS), (INTC), (MSFT), (NUE), (AGU); Najarian Owns (AAPL), (HPQ), (NOK), (TSO), (XLF); Najarian Owns (C) Calls, (MSFT) Calls, ; Seymour Owns (AAPL), (BX), (CSCO), (INTC), (MER), (TSO); Seygem Asset Management Owns (PKX), (FMX), (NIHD), (SSL), Gazprom; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC