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Pops & Drops: American Express, Gap...

Following are the week’s biggest winners and losers. Find out why shares of American Express and Gap popped while Procter & Gamble and Intel dropped.

POPS (stocks that jumped higher)

American Express (AXP) popped 15%. The credit card company charged up the charts this week after saying it sees signs of improvement in credit trends. - I'm a buyer, says Joe Terranova.

Gap (GPS) popped 14%. Better than expected same store sales sent share higher. - I think the stock continues to do well as the economy improves, says Steve Grasso.

Alcoa (AA) popped 11%. Strong manufacturing data out of China and signs of stabilization in the US economy helped boost this name. - I'm long, reveals Tim Seymour.

Chesapeake Energy (CHK) popped 14%. The firm reported second quarter profits that beat expectations. - Giddyup, exclaims Pete Najarian.

Harvard Yard Clothing. The Ivy League school is now lending its name to a new line of clothing. Developed by New York's Wearwolf Group, the brand will be designed to reflect the school’s “quality, heritage & excellence” and will retail around $160 for shirts and $200 for pants.

Agrium (AGU) popped 6%. The company reported revenues that topped estimates.

Hansen Natural (HANS) popped 16%. The Monster Energy drink maker surged after reporting better than expected sales.

DROPS (stocks that slid lower)

Procter & Gamble (PG) dropped 6%. The firm reported that sales dropped with revenues below estimates. - I'd stay on the sidelines, counsels Joe Terranova.

Intel (INTC) dropped 4%. The world's largest chipmaker moved lower with almost all the semiconductor stocks failing to participate in the market rally.




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Trader disclosure: On Aug. 7th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Seymour Owns (AAPL), (AA), (BAC), (BX), (TCK), (USU); Seygem Asset Management Owns (CZZ); Grasso Owns (ASTM), (BAC), (COST), (CSCO), (FAZ), (PFE), (PRST), (V), (WMT), (XLF); Terranova Owns (MCD), (RIMM), (AMZN), (MSFT); Terranova Is Short (F), (TM); Najarian Owns (AA) Call Spread; Najarian Owns (BUCY) And Is Short (BUCY) Calls; Najarian Owns (GS), Owns (GS) Puts, Is Short (GS) Calls; Najarian Owns (HIG) Calls; Najarian Owns (INTC) And Is Short (INTC) Calls; Najarian Owns (JPM) And Is Short (JPM) Calls; Najarian Ownws (MS) And Is Sohrt (MS) Call; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (V) And Is Short (V) Calls; Najarian Owns (YHOO) Call Spread; Najarian Owns (NSC) And Is Short (NSC) Calls; Najarian Owns (CSCO) And Is Short (CSCO) Calls

GE Is The Parent Company Of CNBC

For Steve Grasso:
Stuart Frankel And/Or Its Partners Own (CUBA)
Stuart Frankel And/Or Its Partners Own (GERN)
Stuart Frankel And/Or Its Partners Own (MSFT)
Stuart Frankel And/Or Its Partners Own (NWS.A)
Stuart Frankel And/Or Its Partners Own (NXST)
Stuart Frankel And/Or Its Partners Own (NYX)
Stuart Frankel And/Or Its Partners Own (PDE)
Stuart Frankel And/Or Its Partners Own (PRST)
Stuart Frankel And/Or Its Partners Own (RDC)
Stuart Frankel And/Or Its Partners Own (ROK)
Stuart Frankel And/Or Its Partners Own (TLM)
Stuart Frankel And/Or Its Partners Own (TMK)
Stuart Frankel And/Or Its Partners Own (XOM)
Stuart Frankel And/Or Its Partners Own (XRX)
Stuart Frankel And/Or Its Partners Own (SDS)
Stuart Frankel And/Or Its Partners Are Short (QQQ)
Stuart Frankel And/Or Its Partners Are Short (CL)

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE)
Virtus Diversifier PHOLIO Owns (DBC)
Virtus Diversifier PHOLIO Owns (DBV)
Virtus Investment Partners Owns More Than 1% Of (ABD)
Virtus Investment Partners Owns More Than 1% Of (CAL
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (SKT)
Virtus Investment Partners Owns More Than 1% Of (TNB)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (CLB)
Terranova Owned (MSFT) On 7/22/09

For Scott Nations
Nations Owns (C) Calls And Is Short (C) Puts