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Pops & Drops: Bank Of America, Joy Global...

Following are the day’s biggest winners and losers. Find out why shares of Coach and Wal-Mart popped while Bank Of America and Joy Global dropped.

POPS (stocks that jumped higher)

Wal-Mart (WMT) popped 1%. Investors rotated into this name which may be well positioned in these times of economic uncertainty. - I like the stock, says Karen Finerman. It's a good place to hide in this market.

Coach (COH) popped 1%. An analyst at Lazard commented that Coach seems to be pulling in younger customers with its new Poppy product assortment.

DROPS (stocks that slid lower)

Bank Of America (BAC) dropped 10%. Investors were rattled after learning 2 board members resigned. - I think it's oversold and I'm a buyer, says Karen Finerman.

Exxon Mobil (XOM) dropped 3%. Oil prices slipped and the company said it will take a $150 million charge in the second quarter related to the Valdez oil spill. - Only one analyst has a sell on this stock, says Joe Terranova. Need I say more.

Joy Global (JOYG) dropped 10%. The maker of mining equipment moved in tandem with the price action in metals. - I'm a buyer 10% lower, says Tim Seymour.

Walgreen (WAG) dropped 6% The company missed on second quarter earnings due to falling margins. - I think the stock goes down to $25, speculates Guy Adami.

Research In Motion (RIMM) dropped 7%. Investors took profits after rival Apple said sales of the new and improved iPhone topped 1 million units during the first three days. - I like it but I wouldn't own it until volatility comes in, counsels Joe Terranova.

Mosaic (MOS) dropped 9%. Investors are betting farmers need less fertilizer after corn tumbled 3% on Monday while grain and soybean futures extended pre-weekend losses as crop prospects improved, with greenhouse-like conditions blanketing the Midwest. - I think it's okay to own this stock right now, says Tim Seymour.




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Trader disclosure: On June 22nd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (BAC), (BX), (EEM), (FCX), (FITB); Finerman Owns (TBT); Finerman's Firm Owns (FL), (MSFT), (PBR), (RIG), (NOK), (TBT); Finerman's Firm Owns (WFC) Preferred, (BAC) Preferred; Finerman's Firm Is Short (BAC), (WFC), (IJR), (MDY), (IWM), (SPY), (USO); Finerman's Firm Owns (WMT); Finerman's Firm Is Short (XRT); Terranova Owns (SDS), (TER), (XBI), (BTU), (ABT), (MSFT), (HES), (BTU); Terranova Is Short (XOM) Call Spreads; Terranova Is Short (OIH) And (OIH) Puts; Terranova Is Short (RIG) And (RIG) Puts; Terranova Is Short (FCX) And Is Short (FCX) Puts; Terranova Is Short (IBM); Terranova Is Short (GENZ) Call Spreads; Terranova Owns (GENZ) And Is Short (GENZ) Calls; Terranova Owns (X) And Is Short (X) Calls; Terranova Owns (MS) And Is Short (MS) Calls; Terranova Owns (DIS) Call Spreads; Terranova Owns (BRCM) And Is Short (BRCM) Calls; Terranova Is Short (IBM) Calls; Terranova Owns (RIMM) And Is Short (RIMM) Calls; Terranova Is Short August Gold Futures; Terranova Is Short August Crude Oil Futures; Terranova Is Short September Crude Oil Futures; Terranova Is Short December 2009 Crude Oil Futures; Terranova Owns December 2009 Crude Oil Futures; Terranova Is Short December 2011 Crude Oil Futures