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Pops & Drops: American Airlines, Prudential...

Following are the day’s biggest winners and losers. Find out why shares of American Airlines and Prudential popped while Gilead Sciences and Chesapeake Energy dropped.

POPS (stocks that jumped higher)

American Airlines popped 9%. AMR, the parent of American Airlines as well as the entire sector found strength in oil’s weakness. – I think they may even start making some money, says Pete Najarian.

Prudential (PRU) popped 5%. Barron’s recommended the stock as a good buy. – I’m lukewarm on it, says Karen Finerman.

Goodyear Tire (GT) popped 4%. The company reached a settlement with United Steel Workers. – I would sell the rally, counsels Jeff Macke.

Staples (SPLS) popped 2%. The office products retailer jumped ahead of Wednesday’s earnings report. – I’m not optimistic about their numbers, says Karen Finerman.

Carnival (CCL) popped 5%. Minimal damage from Gustav sent shares higher; the cruise line sails out of New Orleans. – I’d sell, says Jeff Macke.

Sciele Pharma (SCRX) popped 59%. A Japanese drugmaker agreed to buy the company for a 61% premium.

Regions Financial (RF) popped 19%. Alabama’s biggest bank said it will obtain all deposits from Integrity Bank of Alpharetta, in a state and federal planned transaction.

DROPS (stocks that slid lower)

Gilead Sciences (GILD) dropped 4%. The biotech received a downgrade from Bank of America to “Neutral” from “Buy.” – I think the dip is a buying opportunity, says Guy Adami.

Chesapeake Energy (CHK) dropped 6%. The natural gas producer agreed to sell a 25% stake in its Fayetteville Shale assets to a unit of BP. – Commodities are falling across the board, reminds Pete Najarian.

Bucyrus (BUCY) dropped 11%. JP Morgan gave the company a “neutral” rating, citing uncertainty in the global economy. – I think it’s getting interesting, says Guy Adami.

Lazard (LAZ) dropped 5%. The NY investment bank announced plans to sell up to $334 million of stock in the company

Emerging Markets Fund (EEM) dropped 3%. Merrill Lynch downgraded Russia to neutral, citing high inflation and political turbulence.


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Trader disclosure: On Aug 28, 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), (UUP); Macke Is Short (TM); Najarian Owns (ETFC); Najarian Owns (LEH) Put Spread, (LMT) Put Spread; Najarian Owns (SCHW) Call Spread, (LEH) Call Spread; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (AAPL) And An (AAPL) Collar; Najarian Owns (XLF) And An (XLF) Collar; Adami Owns (C), (GS), (INTC), (AGU), (MSFT), (NUE), (BTU); Finerman Owns (GS); Finerman's Firm And Finerman Own (KALU); Finerman's Firm Owns (MSFT), (SUN), (VLO), (TSO); Finerman's Firm Is Short (BA); Finerman's Firm Owns (AAPL) Calls, (JCG) Calls; Finerman's Firm And Finerman Own (C) Leaps; Finerman's Firm Is Short (IYR), (IJR), (SPY), (IWM), (MDY)

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