Pops & Drops: RIMM, Office Depot...

Following are the day’s biggest winners and losers. Find out why shares of Research In Motion and eBay popped while Pepsi Bottling and Office Depot dropped.

POPS (stocks that jumped higher)

Reynolds American popped 5%. All the tobacco companies experienced a nice bump Tuesday after Reynolds received an upgrade from Morgan Stanley. It’s working, says Karen Finerman.

Research In Motion (RIMM) popped 6%. Lehman said integration of e-mail services, enterprise software and handsets makes it an "unrivaled leader" in the market. I’m excited about the technology, exclaims Pete Najarian.

Airlines popped 11%. The airline sector enjoyed a day of flying high for once as oil continued its retreat. – If you drop a cat it bounces, says Jeff Macke. I don’t think the industry will make a comeback anytime soon.

eBay (EBAY) popped 6%. The world's largest online auctioneer announced plans to teams up with Google to combat fraudulent emails and phishing attacks. – I like Google off the news, says Joe Terranova.

Bull Runners. The running of the bulls kicked off on Monday with a long, messy and dangerous sprint through the streets of Pamplona, with 13 people injured but none gored, officials said.

MBIA (MBI) popped 22%. The bond insurer moved higher after Bernanke commented that the Fed will help banks with emergency loans into next year. – Ambac popped too, adds Pete Najarian, but we’re talking “ta-day”!

Wal-Mart (WMT) popped 4%. The retail giant said it will sell $560 million in 'samurai bonds' in Japan. – I’m long, reveals Jeff Macke.

Brian Bosworth. "The Bozz," assisted in rescuing a woman who flipped her car and ended up in a ditch. Said Bosworth, who’s now a real estate agent in Malibu, CA, "I hope if that ever happens to me, somebody pays it forward.”

Inter Parfums (IPAR) popped 16%. Caris & Company upgraded the stock to 'Buy' from 'Above Average' citing the company's new exclusive deal with BeBe stores. – It did nothing for BeBe shares, adds Pete Najarian.

Helen of Troy (HELE) popped 16%. The personal-care products maker rose after it Q1 results top street estimates. – Oh you give the bald guy a hair products company, exclaims Jeff Macke. I don’t know.

Apple (AAPL) popped 3%. Apple said users would be able to activate the iPhone 3G within 15 minutes of purchasing it when it’s released Friday.

DROPS (stocks that slid lower)

Pepsi Bottling Group (PBG) dropped 3%. The world's largest maker of Pepsi beverages dropped after the company lowered guidance going forward. – It was smart to lower guidance on an otherwise up-day, muses Karen Finerman.

Office Depot (ODP) dropped 32%. The office products retailer lowered sales and earnings margin guidance. – Also they have a lot of exposure to California, explains Karen Finerman.

Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com.

Trader disclosure: On July 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; Macke Owns (WMT), (MSFT), (EMC), (ATVI), (DIS); Pete Najarian Owns (AAPL), (CHK), (TSO), (XLF); Pete Najarian Owns (ANR) And (ANR) Puts; Pete Najarian Owns (FNM) And (FNM) Puts; Pete Najarian Owns (RIMM) Calls, (SLB) Calls, (YHOO) Calls; Finerman Owns (GS); Finerman's Firm Owns (MO), (MSFT), (PM), (RAI), (SUN), (TSO), (VLO), (GE), (MRK), (PPH), (JNJ), (PFE); Finerman's Firm is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Owns (TGT) Calls; Finerman's Firm Is Long SPX Index Puts; Finerman's Firm And Finerman Own (C) And (C) Leaps; Finerman's Firm Is Short (XME) And Owns (XME) Puts; Terranoa Owns (YHOO), (IYT), (LUV), (CME), (FCX), (BNI), (GOOG), (XLF), (INTC), (SU); Terranova Is Long Dollar Index Futures; Terranova is chief alternatives strategist at Phoenix Investment Partners; Phoenix Investment Partners Owns (POT), (ABT), (WM), (GOOG), (CME), (FCX), (AMZN), (MER), (FRE, (FNM), (JPM), (IGE), (DBC), (DBV), (RWX);Phoenix Investment Partnerse Is Long And Short (AA)

Vivendi Owns 20% Of NBC Universal, The Parent Company Of CNBC