×

Pops & Drops: Electronic Arts, Starbucks...

Following are the day’s biggest winners and losers. Find out why shares of H&R Block and Electronic Arts popped while Starbucks and CBS dropped.

POPS (stocks that jumped higher)

H&R Block (HRB) popped 10%. Fourth quarter profits rose 30%, beating expectations. - I think it goes to $18.50 counsels Guy Adami.

Apollo Group (APOL) popped 7%. The firm beat on third quarter earnings and increased its share buyback. - I think this and other education stocks go higher, speculates Joe Terranova.

Lear (LEA) popped 9%. The maker of auto seats rose after Ford said June could be the auto industry’s best month since last fall. - To call it a pop doesn't do service to the word pop, chuckles Karen Finerman. The stock is now around 50 cents.

Electronic Arts (ERTS) popped 4%. BofA-Merrill Lynch upgraded the stock to ‘buy’ from ‘hold’, citing strong sales from Sims 3 and other titles.

Advanced Micro Devices (AMD) popped 4%. Investors bid the stock higher on speculation that Apple might switch to chips made by this firm.

DROPS (stocks that slid lower)

Starbucks (SBUX) dropped 5%. NPD Group said specialty coffee sales fell 13% in the second quarter. - I'm starting to like this stock, reveals Pete Najarian.

Manitowoc (MTW) dropped 3%. Doubts about the speed of the economic recovery dragged down many stocks including this one.

CBS Corp (CBS) dropped 4%. Jefferies cuts estimates on the firm, saying the company will most likely miss ‘09 earnings due to continued weakness in advertising.




______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com.

Trader disclosure: On June 30th, 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 (C), (GS), (BTU), (AGU), (INTC), (MSFT), (NUE); Terranova Owns (TER), (RIMM), (MSFT), (XBI), (ABT); Finerman Owns (RIG); Finerman's Firm Own (NOK), (PBR), (RIG), (WMT), (FCN), (TBT), (ELX); FInerman's Firm Owns (WFC) Preferred; Finerman Owns (WFC) Preferred; Finerman's Firm Owns (BAC) Preferred; Finerman Owns (BAC) Preferred; Finerman's Firm Is Short (IJR), (IYR), (MDX), (SPY), (USO); Najarian Owns (F) Call Spread; Najarian Owns (GS) Call Spread; Najarian Owns (INTC) & Short (INTC) Calls; Najarian Owns (JPM) & Short (JPM) calls; Najarian Owns (PALM) Call Spread; Najarian Owns (WNR) & Short (WNR) Calls; Najarian Owns (YHOO) Call Spread