Pops & Drops: Honda, Costco...

Following are the week’s biggest winners and losers. Find out why shares of T. Rowe Price and Honda popped while General Motors and Costco dropped.

POPS (stocks that jumped higher)

T. Rowe Price (TROW) popped 4%. Earnings were in line with Street expectations and that was enough for investors to gobble up shares. – I think they benefited from investor interest in diversification products, says Joe Terranova.

Honda (HMC) popped 4%. Known for cars that are stylish but reliable, Japan's second- largest automaker posted an unexpected 8.1% gain in 1st quarter profit. – Good for them, exclaims Pete Najarian.

CME Group (CME) popped 11%. Q2 net income rose 60% suggesting the exchange could benefit from increased trading volume. – I like this name in the space, says Joe Terranova.

Qualcomm (QCOM) popped 20%. The world's biggest maker of mobile-phone chips boosted 2008 sales and profit targets. – These guys are rockin’, says Pete Najarian.

General Dynamics (GD) popped 7%. The Iraq war lifted sales for this maker of armored vehicles. Q2 earnings rose 25%. – I’d sell into the strength, says Quint Tatro.

NII Holdings (NIHD) popped 20%. The Latin American wireless carrier posted a better-than-expected quarterly profit showing that it’s not only Americans who like to talk. – I like the story, says Tim Seymour.

Garmin (GRMN) popped 4%. The GPS maker rode the coat tails of rival Tom-Tom which posted good earnings this week. – I’m long Garmin into earnings and then I inted to peel off into their report, says Quint Tatro.

Rabbits. An Australian couple says their pet rabbit saved their lives by waking them up when their house caught fire. The family pet, called 'rabbit,' scratched at the couple's bedroom door as they slept and woke them up.

DROPS (stocks that slid lower)

General Motors (GM) dropped 9%. Q2 sales fell 5% suggesting that the automaker is not making autos that appeal to American drivers. – I think GM will snap back and I’m a buyer, says Tim Seymour.

Costco (COST) dropped 15%. The warehouse-club store said fourth-quarter profits would be 'well below' analysts' estimates because of soaring energy costs and other inflationary pressures. – I’d stay away from it, says Quint Tatro.

Russian Stocks. Russia's RTX Index fell the most in six months after Prime Minister Putin's call for an investigation of steelmaker OAO Mechel raised concern the state may tighten control on companies. – This isn't the old Russia. I like this market on valuation, says Tim Seymour.

Abercrombie & Fitch (ANF) dropped 6%. The apparel maker dropped the most in more than two years after its CFO resigned and three analysts cut their ratings on the company because of the change and growth plans. – I’d avoid it, says Joe Terranova.

Western Digital (WDC) dropped 5%. Profit missed estimates for this maker of hard-disk drives. – That baby is a drop, says Pete Najarian.

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Trader disclosure: On July 25, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (AAPL), (TSO), (ICO); Najarian Owns (XLF) Puts, (YHOO) Calls; Najarian Owns (CSCO) Calls; Seymour Owns (AAPL), (BAC), (F), (MER), (MSFT), (TSO); Seygem Asset Management Owns (FXI), (EEM), (NIHD) ;Seygem Asset Management Owns (RSX) Calls; Terranova Owns (YHOO), (XLF), (BNI), (IYT), (SU), (RIMM), (VLO), (SA), (CME), (GOOG), (INTC),( KOL); Terranova Is Long Gold December Futures; Terranova Is Long Crude Oil September $154 Calls; Terranova Is Short Crude Oil September $130 Calls; Terranova Is Short Crude Oil September $130 Puts

Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.; Phoenix Investment Partners Owns More Than 1% Of (DBV), (RWX), (LNET), (EXR), (SKT), (DLR), (IGE), (ARE), (DBC), (ABD), (OFC), (CLB), (BLV), (CNTY), (FL), (HPC), (PSPT), (ESS), (OIIM), (BIG),(ENG),(PFD),(DRH)

Terranova Is Co-Portfolio Manager Of The Phoenix Diversifier PHOLIO; Phoenix Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Quint Tatro Is The Principal Of Tatro Capital; Tatro Owns (C), (GS), (JPM), (FSLR); Tatro Capital Owns (CHK), (JNJ), (QQQQ), (SPY), (DUG), (XLF), (GRMN), (ASTI), (JASO), (EEV)

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