Pops & Drops: UBS, Dell...

Following are the day’s biggest winners and losers. Find out why shares of Discover Financial and UBS popped while Dell and American Dairy dropped.

POPS (stocks that jumped higher)

Discover Financial (DFS) popped 5%. Goldman Sachs added the credit card company to its conviction buy list and raised its price target to $12. - I like this stock and think there's plenty of upside, says Pete Najarian.

UBS (UBS) popped 6%. Negotiations aimed at settling the Internal Revenue Service's tax evasion lawsuit against the Swiss bank gained traction Monday when a federal judge agreed to postpone the case until early August or possibly longer giving both parties more time to discuss the options. - It's very good news, adds Tim Seymour.

Bank Of America (BAC) popped 10%. On CNBC widely followed analyst Meredith Whitney said the firm is "bar none" the cheapest of bank stocks compared to its tangible book value.” - Thank you Meredith Whitney, chuckles Karen Finerman.

Bruno. The Sacha Baron Cohen flick topped the box office in its opening weekend, bringing in $30.4 million. The Universal film about a gay Austrian fashion reporter beat out Transformers, which held the number one spot for the past 2 weeks.

Caterpillar (CAT) popped 4%. Published reports suggest the soft dollar could spark export interest in corn, wheat and more. - About 66% of their revenue comes from overseas, reminds Pete Najarian.

Best Buy (BBY) popped 4%. Oppenheimer upgraded the company to ‘outperform’ from ‘perform’ saying the company is trading at very low multiples.

Rockwell Automation (ROK) popped 4%. JPMorgan upgraded the maker of auto controls to ‘overweight’ from ‘neutral’ citing potential for longer term upside.

DROPS (stocks that slid lower)

Dell (DELL) dropped 2%. Barron’s said the company has a weak strategic position and could be searching for acquisitions. - I still like this stock, says Guy Adami, but it's been a widow-maker for me.

American Dairy (ADY) dropped 45%. The company, which produces and distributes infant formula in China, expects sales of about $41 million for the quarter. On average analysts were expecting sales of $84 million, according to Reuters Estimates. - I don't think the results warrant the sharp move lower, says Tim Seymour. Personally I find it interesting.

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Trader disclosure: On July 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; Najarian Owns (GE) Calls; Najarian Owns (GS) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (JPM) And Is Short (JPM) Calls; Najarian Owns (MFE) Calls; Najarian Owns (MS) Call Spread; Najarian Owns (NVLS) And Is Short (NVLS) Calls; Najarian Owns (XLF) Call Spread; Najarian Owns (YHOO) Call Spread; Finerman's Firm Owns (MSFT); Finerman's Firm Owns (BAC) Preferred Shares, Finerman Owns (BAC) Preferred Shares And Is Short (BAC), Finerman Owns (BAC) Preferred Shares And Owns (BAC); Finerman's Firm Owns (WFC) Preferred Shares And Is Short (WFC), Finerman Owns (WFC) Preferred Shares; Finerman's Firm Owns (YUM); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (IYR), (USO); Seymour Owns (AAPL), (BAC), (EEM), (FXI); Adami Owns (AGU), (C), (GS), (MSFT), (INTC), (NUE), (BTU); Finerman's Firm Owns (HPQ); Najarian Owns (JNJ) Calls; Finerman's Firm And Finerman Own (PDE); Najarian Owns (V) And Is Short (V) Calls

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