Following are moves you might have missed. Find out why shares of First Solar and Toyota popped while Goldman Sachsdropped.
POPS (stocks that jumped higher)
Canadian Solar (CSIQ) popped 1%. The Ontario, Canada-based company, which has most of its manufacturing in China, said it saw "significant declines" in raw material costs this quarter which would help lessen the impact of falling prices on solar modules.
Best Buy (BBY) popped 4%. Stifel raised the stock to 'Buy' from 'Hold' saying the company may benefit from consumers' interest in 55-inch HDTV sets. - I wouldn't bet against Einhorn, says Karen Finerman. (Top hedge fund manager David Einhorn of Greenlight Capital disclosed a position in Best Buy in his latest quarterly letter.)
Toyota (TM) popped 3%. The company said global auto production may recover faster than initially forecast. - I'm long, says Joe Terranova
First Solar (FSLR) popped 5%. Letters from the Department of Energy’s loan program suggest the company will probably get some government aid to help offset the cost of building 3 solar power plants in the West. - I think it still has upside, says Guy Adami.
Tyson Foods (TSN) popped 4%. The company said it had made “significant progress” on efforts to pay down debt and said it planned to reactivate its 22.5 million share buyback program. -
DROPS (stocks that slid lower)
Goldman Sachs (GS) dropped 4%. Widely followed analyst Dick Bove of Rochdale said the stock is "not a good investment", citing pressure on the justice department to bring a criminal lawsuit against the firm.
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Trader disclosure: On May 12, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Finerman's Firm owns (M); Finerman's Firm owns (TGT); Finerman's Firm owns (WMT); Finerman owns (ESV); Finerman owns (JPM); Finerman owns (JPM); Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Pete Najarian owns (PFE); Pete Najarian owns (MRK); Pete Najarian owns (AAPL); Pete Najarian owns (TCK); Pete Najarian owns (AKAM); Pete Najarian owns (C); Pete Najarian owns (HPQ); Pete Najarian owns (TEVA); Pete Najarian owns (MS); Pete Najarian owns (RSX); Pete Najarian owns (GE); Pete Najarian owns (MSFT); Pete Najarian owns (YHOO); Pete Najarian owns (VLO); Pete Najarian owns (TER); Pete Najarian is long (RIMM) calls; Pete Najarian is long (AVL) calls; Pete Najarian is long (NTAP) calls; Pete Najarian is long (XLF) calls; Pete Najarian is long (PMCS) calls; Pete Najarian is long (CVS) calls; Pete Najarian is long (XL) calls; Pete Najarian is long (BSX) calls; Pete Najarian is long (HBC) calls; Pete Najarian is long (EWZ) calls; Pete Najarian is long (XLI) calls; Pete Najarian is long (FCX) calls; Terranova owns (VRTS); Terranova owns (AAPL); Terranova owns (JPM); Terranova owns (V); Terranova owns (BX); Terranova owns (UPL); Terranova owns (BAX); Terranova owns (PFE); Terranova owns (PEP); Terranova owns (MCD); Terranova owns (TM); Terranova owns (DIS); Terranova owns (BJ); Terranova owns (APA); Terranova owns (OXY); Terranova owns (XOM)
For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
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Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & URL PLC
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Scott Nations
**No Disclosurses
