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Pops & Drops: Focus Media, Diamond Foods...

Following are moves you might have missed. Find out why shares of Focus Media and Diamond Foods popped while Best Buy and US Airways dropped.

POPS (stocks that jumped higher)

Focus Media (FMCN) popped 2%. China’s largest digital-media company reported stronger than expected results due to growing revenue and an improving advertising market in China. - It's an interesting company, says Tim Seymour.

Diamond Foods (DMND) popped 7%. BofA upgraded the stock to ‘Buy’ from ‘Neutral’ and raised the price target to $85 from $63. - I think at $73.50, there's still room on the upside, says Guy Adami.

Alpha Natural Resources (ANR) popped 5%. Standard & Poor's said the company will replace Massey Energy in the S&P 500 index after the close of trading on June 1. - It's not my favorite play, says Joe Terranova. In this space I'd look at Walter or Peabody.

California Pizza Kitchen (CPKI) popped 10%. The restaurant chain agreed to be acquired by private equity firm Golden Gate Capital for $470 million, about a 10% premium to Tuesday's closing stock price.

Halliburton (HAL) popped 5%. Morgan Stanley upgraded the stock to ‘Overweight’ from ‘Equal Weight’ with an $85 price target.

DROPS (stocks that slid lower)

Sony (SNE) dropped 1%. An FT report revealed that the company's hacker woes have spread -- with Sony customers in Canada, Thailand and Indonesia all claiming they've had information compromised.

Best Buy (BBY) dropped 2%. Investors were less interested in reports that the store would carry new products from Toshiba and Hewlett-Packard and more interested in the technical action; shares fell below $31.72, a level of former support.

US Airways (LCC) dropped 4%. Perhaps investors were spooked by a Consumer Reports study that said US Airways was worst in terms of comfort and the experience of flying, but more likely it was a reaction to higher oil.





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Trader disclosure: On May 25, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by the “Fast Money” traders; Kinahan owns (AKS); Kinahan owns (CSCO), is short (CSCO) calls; Kinahan owns (F), is short (F) calls; Kinahan owns (GE) is short (GE) calls; Kinahan owns (MSFT) is short (MSFT) calls; Kinahan owns (NYT); Kinahan is short (SLV) through multiple options; Kinahan owns (YHOO); Adami owns (AGu); Adami owns (C); Adami owns (GS); Adami owns (INTC); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Terranova owns (XOM); Terranova owns (KSS); Terranova owns (CVI); Terranova owns (OXY); Terranova owns (TM); Terranova owns (BJ); Terranova owns (DIS); Terranova owns (PFE); Terranova owns (V); Terranova owns (HPQ); Terranova owns (FLX); Terranova owns (JPM); Terranova owns (MCD); Terranova owns (PEP); Terranova owns (VRTS); Terranova is short (DELL); Finerman and Finerman's firm own (AAPL);Finerman's Firm owns (BP); Finerman's Firm owns (CAT) calls; Finerman owns (C); Finerman's Firm owns (IBM); Finerman and Finerman's Firm own (JPM); Finerman's Firm owns (JPM) Leaps; 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); Finermna's Firm owns S&P 500 Puts; Finerman's Firm owns Russell 2000 Puts


For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
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