Following are moves you might have missed. Find out why shares of Ethan Allen and TiVo popped while American Medical Systems Holdings dropped.
POPS (stocks that jumped higher)
Ethan Allen (ETH) popped 6%. A surprise jump in new homes sales may bode well for this furniture maker. - I think there's more room to the upside, says Joe Terranova.
TiVo (TIVO) popped 6%.Speculation on the Internet suggested the company's could be inking a deal with Apple TV. - Anything involved with Apple is a buy, says Steve Grasso.
A123 Systems (AONE) popped 13%. Barclay’s upgraded the stock to ‘Overweight’ from ‘Equalweight” and said the battery maker could benefit if customers Fisker Automotive and Navistar successfully launch their electric vehicles and ramp up production. - I was surprised the stock popped so much, says Karen Finerman.
Davita (DVA) popped 7%. DaVita partner Hospira said it started a U.S. phase I clinical trial of a drug to treat anemia in patients with kidney dysfunction. - Valuations look fair, says Guy Adami. I think it could go even higher.
Lorillard (LO) popped 2%. The cigarette maker reported a higher-than-expected quarterly profit with its Newport brand increasing domestic market share.
DROPS (stocks that slid lower)
American Medical Systems Holdings (AMMD) dropped 2%. Wells Fargo downgraded the stock to 'Market Perform’ from ‘Outperform’ saying shares are now fairly valued. - Keep an eye on this one, says Brian Kelly.
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Trader disclosure: On July 26, 2010, 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), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman's firm owns (BP) calls; Finerman's firm owns (PM); Finerman's firm owns (JPM); Finerman owns (JPM); Finerman's firm owns (BAC); Finerman owns (BAC); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (IWM); Finerman's firm is short (SPY); Grasso owns (ASTM), (ABK), (BAC), (BA), (BGP), (C), (CSCO), (DYN), (JPM), (LPX), (MO), (NDAQ), (PFE), (PRST); Kelly owns (BP) puts; Kelly is short (GS); Terranova owns (AMZN), (EMC), (CREE), (CRCM), (LRCX), (COP), (AXP), (BMO), (CSX), (PEP), (CVS), (GS), (PCP), (C), (GLD), (APA), (FCX), (JOYG), (MMM), (MOS), (GLD), (UAUA), (WYNN), (GOOG), (BBY), (SU), (KOL)
For Steve Grasso
Stuart Frankel & Co and it’s partners own (BAX)
Stuart Frankel & Co and it’s partners own (COG)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (DHR)
Stuart Frankel & Co and it’s partners own (DYN)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (IP)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (SYMC)
Stuart Frankel & Co and it’s partners own (TBT)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (TRV)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners are short (QQQQ)
For Brian Kelly
Accounts managed by Kanundrum Capital own (ELX)
Accounts managed by Kanundrum Capital own (QLGC)
Accounts managed by Kanundrum Capital own (BIG)
Accounts managed by Kanundrum Capital own (GME)
Accounts managed by Kanundrum Capital own (TLT)
Accounts managed by Kanundrum Capital own (NWL)
Accounts managed by Kanundrum Capital are short (GLD)
Accounts managed by Kanundrum Capital are short (EWO)
Accounts managed by Kanundrum Capital are short (EWI)
Accounts managed by Kanundrum Capital are short the Euro
Accounts managed by Kanundrum Capital are short the UK Pound
Accounts managed by Kanundrum Capital are short (JOE)
Accounts managed by Kanundrum Capital are short (IWM)
For Joe Terranova
Terranova works for (VRTS)
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners owns more than 1% of (CASS)
Virtus Investment Partners owns more than 1% of (LDR)
Virtus Investment Partners owns more than 1% of (LPHI)
Virtus Investment Partners owns more than 1% of (MGRC)
Virtus Investment Partners owns more than 1% of (XLB)
Virtus Investment Partners owns more than 1% of (XLP)
Virtus Investment Partners owns more than 1% of (XLY)
Virtus Investment Partners owns more than 1% of (XLI)
Virtus Investment Partners owns more than 1% of (XLK)
Virtus Investment Partners owns more than 1% of (XLU)
Virtus Investment Partners owns more than 1% of (SUBK)
Virtus Investment Partners owns more than 1% of (WDFC)
Virtus Investment Partners owns more than 1% of (YDNT)
Virtus Investment Partners owns more than 1% of (DRYS)
For Dennis Gartman
Funds Managed by Dennis Gartman Own (FCX), (PCU), (XLB), (IYT)
For Mike Khouw
Cantor Fitzgerald makes a market in (MEE)
For Niamh Alexander
KBW expects to receive or intends to seek compensation for investment banking services from Nasdaq OMX Group in the next three months.
KBW currently makes a market and/or acts as a liquidity provider in Nasdaq OMX Groupsecurities.
KBW expects to receive or intends to seek compensation for investment banking services from CME Group, Inc. in the next three months.
KBW currently makes a market and/or acts as a liquidity provider in CME Group, Inc.securities.
KBW has received compensation for investment banking services from CBOE Holdings, Inc in the past 12 months.
KBW has managed or co-managed a public offering of securities for CBOE Holdings, Inc in the past twelve (12) months.
KBW currently makes a market and/or acts as a liquidity provider in CBOE Holdings, Inc securities.
CBOE Holdings, Inc currently is, or was during the 12-month period preceding the date of distribution of this report, a client of KBW.
KBW expects to receive or intends to seek compensation for investment banking services from Intercontinental Exchange, Inc. in the next three months.
KBW currently makes a market and/or acts as a liquidity provider in Intercontinental Exchange, Inc.securities.
KBW expects to receive or intends to seek compensation for investment banking services from NYSE Euronext in the next three months.
KBW currently makes a market and/or acts as a liquidity provider in NYSE Euronextsecurities.
Keefe, Bruyette & Woods is a member of the New York Stock Exchange.
For Mark Gilman
***No Disclosures***
For Gary Shilling
***No Disclosures***
