Pops & Drops: Nokia, Petrobras...

Following are the day’s biggest winners and losers. Find out why shares of Nokia and Petrobras popped while Visa and Whole Foods dropped.

POPS (stocks that jumped higher)

Nokia (NOK) popped 2%. The mobile phone giant moved higher after encouraging its mobile software subsidiary Symbian to go open-source. – That’s a nice bounce, says Karen Finerman.

Petrobras (PBR) popped 2%. Barron's wrote that the company is poised to benefit from recent oil discoveries. – I think integrated oil will become popular when investors move out of crude futures, adds Joe Terranova.

H&R Block (HRB) popped 3%. The tax preparer’s earnings beat Wall Street expectations. – The beat is their first in two years, says Joe terranova.

Campbell Soup Company (CPB) popped 4%. The food products company lifted its fiscal 2008 forecast and authorized a new share repurchase program. – Soup is good food but I wouldn’t race into the stock, says Guy Adami.

Robbins & Myers (RBN) popped 21%. The industrial equipment and systems supplier surged after third quarter earnings beat Street estimates. – I think it’s working, says Pete Najarian.

Huntsman Corporation (HUN) popped 7%. The chemical manufacturer is trying to extend the termination date under its takeover deal with Apollo Management's Hexion unit. – I own November out of the money options, reveals Karen Finerman.

Petrohawk Energy (HK) popped 8%. The integrated energy company reported strong results from new wells in Louisiana. – I like it around $40, says Joe Terranova, but don’t chase it.

Surfing Dogs. Imperial Beach in San Diego hosted around 60 dogs looking to win the annual "Loews Surf Dog" competition.

DROPS (stocks that slid lower)

Visa (V) dropped 2%. Concerned that the consumer is spread too thin, many credit card companies are lowering credit limits. – Maybe, but I think the drop is profit taking on a short week, says Guy Adami.

Whole Foods Market (WFMI) dropped 4%. UBS downgraded the stock to 'Neutral' from 'Buy' telling investors to focus on price leaders instead. – I don’t think shoppers will pay up for organic, says Pete Najarian.

Bernanke. And a drop for Big Ben as almost a fifth of the United States thinks Greenspan's still in charge of the Fed.

Fannie Mae (FNM) dropped 6%. News came out that issuers of mortgage-backed securities plunged by more than 80% in the first half of 2008. – Not so good, says Karen Finerman. Stay away.

DeVry (DV) dropped 12%. The higher education company dropped with the rest of the sector.

Smurfit-Stone Container Corp. (SSCC) dropped 6%. The packaging products company announced plans to shut down its containerboard machine operation. – I think they’re struggling.

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Trader disclosure: On June 30, 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 (AGU), (C), (GS), (INTC), (BTU), (MSFT), (NUE); Najarian Owns (AAPL), (AMLN), (ANR), (NOK), (NUE), (TSO), (XLF), (YHOO), (HD); Najarian Owns (MER) Puts, (WFMI) Puts, (HBC) Puts; Najarian Owns (MYGN) Calls, (SLB) Calls, (WM) Calls, (WLT) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (FLS), (GLNG); Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm And Finerman Own (GE) And (GE) Puts; Finerman's Firm Owns (MSFT), (SUN), (TSO), (TWX), (VLO); Finerman's Firm Owns SPX Index Puts; Finerman's Firm Owns (HUN) Calls; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Terranova Owns (BNI), (YHOO), (LUV), (CME), (GOOG), (SU), (INTC), (FXC), (IYT), (XLF), (FCX); Terranova Owns Dollar Index Futures

Terranova is chief alternatives strategist at Phoenix Investment Partners;; Phoenix Investment Partners Ltd. Owns (RWX), (DBC), (DBV), (IGE), (AAI), (ALK), (AMR,) (APA), BP plc, British Airways plc, (CHK), (CVX), (COP), (CAL), (DAL), ENI SPA, (XOM), Gazprom, (HA), (HES), (HOC), (HSE), (JBLU), Lukoil, (MRO), (MUR), (OXY), Petrobras Intl Fin, Petro-Canada, (PBR), Petroleos De Venezuela, (QAN), (RJET), Royal Dutch Shell plc A Shares, (SKYW), (LUV,) (SU), (TSO), Texaco Capital, Total SA, (UAUA), (LCC), (VLO)