Pops & Drops: Potash, Caterpillar...

Following are the day’s biggest winners and losers. Find out why shares of Dr. Pepper Snapple and Potash popped while Caterpillar and BHP Billiton dropped.

POPS (stocks that jumped higher)

Dr. Pepper Snapple (DPS) popped 4%. The beverage maker released strong earnings and they increased 2009 guidance. - Jeff Macke doesn't know what to say.

Potash (POT) popped 2%. Bullish brokerage notes from Scotia and RBC Capital provided a modest tailwind for the stock. - I expect demand for fertilizer will increase, says Tim Seymour.

DROPS (stocks that slid lower)

Caterpillar (CAT) dropped 5%. The maker of farm equipment slipped in tandem with a broad commodities sell off. - I'm bearish, reveals Steve Cortes, they're too tethered to housing.

BHP Billiton (BHP) dropped 5%. ING cut its rating on the company to ‘hold’ from ‘buy.’ - 10% lower I'd get long, says Tim Seymour.

Bank Of America (BAC) dropped 10%. Investors appeared concerned about dilution after the firm said it would sell up to $1.25 billion shares of common stock. - I think it's a buy, but not yet -- around $8.50, counsels Guy Adami.

BB&T (BBT) dropped 5%. Investors punished the stock once again, after the regional bank announced a $1.5 billion stock offering to repay TARP funds. - I'm bearish on banks because of the government involvement, says Steve Cortes.

Liz Claiborne (LIZ) dropped 26%. The fashion company reported a worse than expected loss due to weak sales. - I don't have anything good to say so I'm not going to say anything at all, bristles Jeff Macke.

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Trader disclosure: On May 13th, 2009, 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 (F), (WFC), (HRS), (TGT), (WFC), (SKF), (SDS); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (BX), (EEM), (FXI), (PBR), (TSL), (TSO);
Seymour Is Short (NUE); Cortes Owns The Yen; Cortes Owns (GS)

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