Pops & Drops: Home Depot, Barrick Gold...

Following are the day’s biggest winners and losers. Find out why shares of Home Depot and Barrick Gold popped while United Air Lines and Supervalu dropped.

POPS (stocks that jumped higher)

Home Depot (HD) popped 2%. Do-It-Yourselfers took on spring projects sending earnings higher. – It’s the man-cave trade, says Jeff Macke.

Barrick Gold (ABX) popped 7%. The largest producer of bullion from Canada benefited from gold futures on the rise. – It’s a one day wonder, comments Joe Terranova.

Limited Brands (LTD) popped 13%. The parent company of Bath & Body Works and Victoria’s Secret said it expects new products and higher prices to help it deliver on future earnings. – I’d sell the stock, says Jeff Macke. It’s a counter trend rally.

Suntech (STP) popped 7%. The world’s largest solar cell maker reported that profits increased 58% on higher production capacity and demand. – If you’re long I’d take off half, counsels Joe Terranova.

Bally Technologies (BYI) popped 8%. The second-largest US maker of slot machines said profits rose 69%, and the company reiterated its full-year forecast. – If it closes above $36 you might be looking at a breakout, says Guy Adami.

Thermage (THRM) popped 44%. Its pending merger agreement with Reliant Technologies was countered by a bid from an anonymous third party. – Pretty interesting, says Pete Najarian.

DROPS (stocks that slid lower)

United Air Lines (UAUA) dropped 9%. The airlines move in opposition to oil and United along with the broader industry took a hit as crude prices moved higher. – I’ve got three words... sell the airlines, says Joe Terranova.

Salesforce.Com (CRM) drooped 18%. The biggest seller of Internet-based customer-management software reported slow sales growth and projections that fell below estimates. – It’s not good to disappoint the Street, says Pete Najarian.

Supervalu (SVU) dropped 6%. UBS cut its profit forecast for the company, citing a lower sales outlook and higher costs. – Jefferies gave the stock a $20 target and that’s where I think it’s going, says Guy Adami.

JDS Uniphase (JDSU) dropped 12%. This stock fell off a cliff after the company reported a wider than expected loss. – Missing on revenue like they did is a problem, says Pete Najarian.

Phillips-Van Heusen (PVH) dropped 4%. Despite strong performance from its Calvin Klein brand, investors took this stock lower on an earnings miss. – That’s lousy, says Guy Adami.

Barnes & Noble (BKS) dropped 4%. The nation’s largest bookseller gave a weak sales forecast.

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Trader disclosure: On Aug 20, 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 (MSFT), (WMT); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (MS), Najarian Owns (AAPL) And Is Short (AAPL) Call, Najarian Owns (ANR) And Is Short (ANR) Call, Najarian Owns (JOYG) Call Spread, Najarian Owns (LEH) Put Spread, Najarian Owns (NOK) And Is Short (NOK) Calls, Najarian Owns (XLY) Puts: Terranova Owns (AAPL), (BNI), (CME), (EOG), (FCX), (GS), (GOOG), (INTC), (KOL), (NOV), (POT), (RIMM), (SA), (XLF), (SU), (X), (VLO), (YHOO); Terranova Owns (AIG) Puts; Terranova Is Short Crude Oil Time Spread (Short Dec. 2009, Long Dec. 2012); Terranova Is Long Crude Oil Futures (Dec. 2012)

Terranova Is Chief Alternatives Strategist Of Phoenix Investment Partners, Ltd.; Phoenix Investment Partners Owns More Than 1% Of (ABD), (ARE), (BRE), (CNTY), (CLB), (OFC), (DLR), (ESS), (EXR), (FL), (IAT), (IGE), (LNET), (MAC), (OIIM), (PSPT), (DBC), (DBV), (SLB), (SKT), (BLV)

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