Following are moves you might have missed. Find out why shares of Gartner and Scotts Miracle Gro popped while Nuance Communications and Ctrip.com dropped.
POPS (stocks that jumped higher)
Gartner (IT) popped 10%. The company posted better-than-expected second-quarter profit, raised its earnings and revenue forecast for the year, and said it will buy back $500 million in shares. - Looks like business is pretty good, says Karen Finerman.
HanesBrands (HBI) popped 6%. The garment maker announced plans to expand into the college logo apparel business with the acquisition of GearCo for $55 million. - The stock is doing well, says Joe Terranova.
Scotts Miracle Gro (SMG) popped 3%. The company posted a bigger quarterly profit as continued interest in gardening resulted in better sales. - I like it, says Brian Kelly.
DROPS (stocks that slid lower)
Nuance Communications (NUAN) dropped 10%. Revenue trailed Street estimates, hurt by a weak performance in its mobile-enterprise segment. - That's no good, says Tim Seymour.
Ctrip.com (CTRP) dropped 3%. Though profits surged by 48%, quarterly results came in below analyst estimates. - I like it at these levels, says Pete Najarian.
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Trader disclosure: On Aug 10, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Terranova owns (AKAM), (BAX), (FCX), (MOS), (PFE), (SU), (XBI); Terranova owns (GLD) Calls; Seymour owns (AAPL), (BAC), (GOOG), (POT); Finerman owns (AAPL); Finerman's firm owns (ARM); Finerman & Finerman's firm owns (BAC); Finerman’s firm owns (BBY); Finerman's firm owns (LEA); Finerman’s firm owns (KFT); Finerman & Finerman's firm owns (JPM); Finerman & Finerman's firm owns (RIMM); Finerman’s firm owns (TSX); Finerman’s firm owns (GYMB); Finerman’s firm owns (PLCE); Finerman's firm owns (WMT); Finerman's firm owns (DAN); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman’s firm owns S&P 500 puts; Finerman’s firm owns Russell 2000 puts; Pete Najarian owns (CSCO) call spreads; Pete Najarian owns (CTRP) calls; Pete Najarian owns (GS) calls; Pete Najarian owns (RIMM) call spreads; Pete Najarian owns (AKAM) calls; Pete Najarian owns (HPQ) calls spreads; Pete Najarian owns (V) call spreads
For Brian Kelly:
Accounts managed by Kanundrum Capital own (GLD)
Accounts managed by Kanundrum Capital own (TLT)
Accounts managed by Kanundrum Capital own (PFE)
Accounts managed by Kanundrum Capital own (C)
Accounts managed by Kanundrum Capital own (GDXJ)
Accounts managed by Kanundrum Capital own (MED)
Accounts managed by Kanundrum Capital own (ANDE)
Accounts managed by Kanundrum Capital own (ORI)
Accounts managed by Kanundrum Capital own (INTC)
Accounts managed by Kanundrum Capital own (ECA)
Accounts managed by Kanundrum Capital own (UNG)
Accounts managed by Kanundrum Capital own (SPY) Puts
For Hugh Wynne:
Wynne maintains a long position in Duke Energy Corp. (DUK)
Accounts over which Bernstein and/or their affiliates exercise investment discretion own more than 1% of the outstanding common stock of the following companies EIX / Edison International.
The following companies are or during the past twelve (12) months were clients of Bernstein, which provided non-investment banking-securities related services and received compensation for such services AEP / American Electric Power Co Inc, D / Dominion Resources Inc, DUK / Duke Energy Corp, EXC / Exelon Corp, FE / FirstEnergy Corp, PCG / PG&E Corp.
An affiliate of Bernstein received compensation for non-investment banking-securities related services from the following companies AEP / American Electric Power Co Inc, DUK / Duke Energy Corp, EIX / Edison International, FE / FirstEnergy Corp, PCG / PG&E Corp.
In the next three (3) months, Bernstein or an affiliate expects to receive or intends to seek compensation for investment banking services from AEP / American Electric Power Co Inc, D / Dominion Resources Inc, DUK / Duke Energy Corp, EIX / Edison International, EXC / Exelon Corp, FE / FirstEnergy Corp, NEE / NextEra Energy, PCG / PG&E Corp.
Dennis Gartman
***No Disclosures***
Peter Boockvar
***No Disclosures***
Simon Leopold
***No Disclosures***
Joe LaVorgna
***No Disclosures***
Scott Natons
***No Disclosures***
