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Pops & Drops: Orbitz, Gap...

Following are moves you might have missed. Find out why shares of Orbitz and Washington Post popped while Gap and Family Dollar dropped.

POPS (stocks that jumped higher)

Orbitz (OWW) popped 29%. An Illinois court ordered American Airlines to resume listing and selling flights through the online travel agency. - That's not a reason to buy this company, says Tim Seymour.

Washington Post (WPO) popped 5%. Investors may be betting that a weak jobs report signals a return to the classroom; a boon for this company that owns Kaplan. - There's no trade here, says Joe Terranova.

Tivo (TIVO) popped 5%. Perhaps the gains are technical as the stock approaches the upper end of its 52-week range. - I would not be a buyer here, says Steve Grasso.

Apollo (APOL) popped 11%. Along with DeVry, education stocks attracted new capital broadly as investors bet a weak jobs report means more people go back to school. - It looks like short covering to me, says Tim Seymour.

Deere (DE) popped 2%. The company announced a two part $850 million corporate bond offering with published reports suggesting some of the proceeds could go toward paying outstanding debt.

DROPS (stocks that slid lower)

Gap (GPS) dropped 5%. Same store sales fell more than expected with escalating costs pressuring margins. - It's probably dead money, says Guy Adami.

Family Dollar (FDO) dropped 3%. Technicals may be at work after shares crossed below their 10-day moving average of $54.57. - I think the company remains in play, says Stephen Weiss.






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Trader disclosure: On June 2, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by “Fast Money” traders; 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); Grasso owns (AKS); Grasso owns (AMD); Grasso owns (ASTM); Grasso owns (BA); Grasso owns (BAC); Grasso owns (C); Grasso owns (D); Grasso owns (HOV); Grasso owns (JPM); Grasso owns (LIT); Grasso owns (LPX); Grasso owns (MHY); Grasso owns (NDAQ); Grasso owns (PFE); Grasso owns (PRST); Adami owns (AGU); Adami owns (C); Adami owns (INTC); Adami owns (GS); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU)

For Joe Terranova
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
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Virtus Investment Partners Owns More Than 1% Of (LDR)
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Virtus Investment Partners Owns More Than 1% Of DOMINO'S PIZZA UK & URL PLC
Virtus Investment Partners Owns More Than 1% Of (DRYS)

For Steve Grasso
Stuart Frankel & Co and its partners own(CSCO)
Stuart Frankel & Co and its partners own (CUBA)
Stuart Frankel & Co and its partners own (GERN)
Stuart Frankel & Co and its partners own (HPQ)
Stuart Frankel & Co and its partners own (HSPO)
Stuart Frankel & Co and its partners own MU
Stuart Frankel & Co and its partners own msft
Stuart Frankel & Co and its partners own (NYX)
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Stuart Frankel & Co and its partners own (PRST)
Stuart Frankel & Co and its partners own RDC
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners own UAL
Stuart Frankel & Co and its partners own (XRX)
Stuart Frankel & Co and its partners are SHORTS (QQQQ)
Stuart Frankel & Co and its partners own (AAPL)

For Anthony Scaramucci
Skybridge is a fund of funds manager
Funds held may or may not own the recommended securities

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