Pops & Drops: Allergan, First Solar...

Following are moves you might have missed. Find out why shares of CBS and Allergan popped while First Solar and Research In Motion dropped.

POPS (stocks that jumped higher)

CBS (CBS) popped 8%. This stock made its biggest jump in almost 2 years after the company doubled its dividend and reported first- quarter profit that beat analysts’ estimates. - I like this and other content companies, says Brian Kelly.

Allergan (AGN) popped 4%. The company reported higher-than-expected first-quarter results on Wednesday, fueled by strong sales growth of its Botox anti-wrinkle medicine and its eye care and skin care products. - It's a little too rich for me, says Karen Finerman.

Garmin (GRMN) popped 5%. The company reported strong quarterly results, helped by a jump in sales at its key automotive/mobile segment and a lower-than-expected tax rate. - I'd take profits, says Guy Adami.

DROPS (stocks that slid lower)

First Solar (FSLR) dropped 6%. Street analysts cut ratings on the stock after the company provided cautious guidance on the outlook for the second quarter. - I'd stay away, says Stephen Weiss.

Research In Motion (RIMM) dropped 2%. Needham cut its rating on the stock to ‘Hold’ from ‘Buy’ citing lack of innovation. - There's nothing about their business model that I like, says Joe Terranova.




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Trader disclosure: On May 4, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Weiss owns (BTU); Weiss owns (DVN); Weiss owns (COP); Weiss owns (HK); Weiss owns (MSFT); Weiss owns (INTC); Weiss owns (QCOM); Weiss owns (JPM); Weiss owns (DF); Weiss is long (SLV) puts; Weiss is long (GDX) puts; Weiss owns (NAV); Weiss owns (DZZ); Weiss owns (UUP); Weiss owns (TBT); Weiss is short (FWLT); Weiss is short (X); Weiss is short (AKS) Terranova owns (XOM); Terranova owns (BAX); Terranova owns (SLV); Terranova owns (TCK); Terranova owns (APA); Terranova owns (HOC); Terranova owns (OXY); Terranova owns (UPL); Terranova owns (FCX); Terranova owns (BX); Terranova owns (V); Terranova owns (VRTS); Terranova owns (JPM); Terranova is short (NFLX); Terranova is short S&P Futures; Finerman and Finerman's firm own (AAPL); Finerman and Finerman's firm own (BP); Finerman owns (C); Finreman and Finerman's firm own (CVS); Finerman's firm owns (IBM); Finerman's firm owns (JPM) and is long (JPM) leaps; Finerman owns (JPM); Finerman and Finerman's firm own (MSFT); Finerman's firm owns (TGT); Finerman owns (UNG); Finerman owns (USO); Finerman's firm is short (IWM), (SPY), (MDY); Finerman's firm owns s&p puts; Finerman's firm owns Russel 200 puts; Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU)

Mike Khouw
Cantor Fitzgerald is a Market Maker in (M)

For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
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 (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
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 DOMINO'S PIZZA UK & URL PLC
Virtus Investment Partners Owns More Than 1% Of (DRYS)

For Brian Kelly
Accounts Managed by Brian Kelly Capital own (EBAY)
Accounts Managed by Brian Kelly Capital own (GLD)
Accounts Managed by Brian Kelly Capital own (SLV)
Accounts Managed by Brian Kelly Capital own (DIA)
Accounts Managed by Brian Kelly Capital are long gold, natural gas

For Joe Saluzzi
**No Disclosures

For Noel Archard
Archard's firm is a market marker in (SLV)

For Mary Ann Bartels
**No Disclosures