Gilead (GILD) popped 5%. The biotech moved up ahead of its earnings report next week. – I still like this stock, says Guy Adami.
Yahoo! (YHOO) popped 10%. The beleaguered internet portal popped on renewed Microsoft takeover talk. – I’m bullish on the deal and I own calls, says Pete Najarian.
Dog. Beijing officials removed dog meat from the menus of officially designated Olympic restaurants for this summer's games.
DROPS (stocks that slid lower)
Chesapeake Energy (CHK) dropped 5%. The natural gas producer finished the week lower even after investors enthusiastically welcomed the company's recent common share offering. – Don’t forget the stock moved higher late in the week, says Pete Najarian.
CME Group (CME) dropped 11%. The commodities exchange operator dipped over concerns that regulators may raise margin requirements, in turn decreasing the volume of trades. – I can’t think of anything nice to say about the exchanges, says Jeff Macke.
Big Lots (BIG) dropped 7%. Investors took money off the table following the stock's gains this year. – I’m short and I think it goes lower still, says Karen Finerman.
Wachovia (WB) dropped 22%. RBC Capital Markets slashed its price target questioning whether its new CEO was up for the challenges ahead. – You can probably buy it if they drop the dividend, says Guy Adami.
MGM Mirage (MGM) dropped 14%. The casino operator slid to a four year low as the gaming sector grapples with effects of the slowing economy.
DineEquity (DIN) dropped 22%. The Applebee's operator dropped after the company lowered its 2008 sales forecast. – That’s not great, says Karen Finerman.
EMC Corporation (EMC) dropped 15%. The IT infrastructure company, which owns an 85% stake in VMWare, turned lower after VMWare announced the departure of its CEO and lowered its 2008 guidance. – Seems like nothing is working right now, says Guy Adami.
Tesoro Corp. (TSO) dropped 15%. The refiner slid this week with the rest of the sector on concerns of shrinking margins. – The price of oil isn’t so good for them, says Pete Najarian.
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