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Pops & Drops: Clorox, News Corp...

Following are moves you might have missed. Find out why shares of Clorox popped while News Corp and Renren dropped.

POPS (stocks that jumped higher)

Clorox (CLX) popped 3%. With a much higher than usual volume of calls trading in the options world, Street chatter again suggested the company could be a takeover target.

DROPS (stocks that slid lower)

News Corp (NWSA) dropped 7%. The scandal engulfing Rupert Murdoch's media empire exploded in several directions Monday, including fresh reports of phone hacking and even speculation that police had accepted bribes from Murdoch's journalists. - I wouldn't jump in, says Brian Kelly.

Renren (RENN) dropped 9%. Investors took profits after this Chinese website stock shot 40% higher in a matter of weeks, amid optimism about the future social networking. - Don't try to catch a falling knife, says Pete Najarian.

Ford (F) dropped 4%. After new data showed India car sales were slowing, perhaps investors feared that demand for autos in other Asian nations would also slow. - Around $13 I think the stock is interesting, says Guy Adami.

Cisco (CSCO) dropped 3%. Analyst Brian Marshall said the tech titan may cut about 5,000 jobs in August, which investors may have taken as another sign of Cisco’s ongoing struggles.

Advanced Micro Devices (AMD) dropped 3%. JMP Securities chip analyst Alex Gauna cut his rating on the company to Market Underperform from Market Perform.

General Electric (GE) dropped 3%. Perhaps the move was a technical trade with the stock trading near its 200-day average around $18.66.




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Trader disclosure: On July 11, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karabell owns (GOOG); Karabell owns (GS); Karabell owns (GE); Karabell owns (AAPL); Adami owns (AGU); Adami owns (C); Adami owns (GS); Adami owns (MSFT); Adami owns (NUE); Adami owns (BTU); Adami owns (INTC); Pete Najarian owns (AAPL); Pete Najarian owns (ACI); Pete Najarian owns (C) ; Pete Najarian owns (F) bonds; Pete Najarian owns (MS); Pete Najarian owns (MOS); Pete Najarian owns (MRVL); Pete Najarian owns (PFE); Pete Najarian owns (GE); Finerman's Firm And Finerman Own (AAPL); Finerman's Firm Owns (BAC) Leap, Finerman owns (BAC); Finerman's Firm Owns (JPM) Leap, Finerman owns (JPM); Finerman's Firm owns (CMI), Finnerman is short (CMI); Finerman's firm owns (CAT) calls; Finerman's Firm Is Short (SPY); Finerman's Firm Is Long S&P 500 Puts; Finerman's Firm Is Long Russell 2000 Puts

Brian Kelly
Accounts Managed By Brian Kelly Capital Own (KRE)
Accounts Managed By Brian Kelly Capital Own (WFC)
Accounts Managed By Brian Kelly Capital Own (ANDE)
Accounts Managed By Brian Kelly Capital Own (TCK)
Accounts Managed By Brian Kelly Capital Own (FCX)
Accounts Managed By Brian Kelly Capital Own (TCK)
Accounts Managed By Brian Kelly Capital Own (UGA)
Accounts Managed By Brian Kelly Capital Own (RTH)
Accounts Managed By Brian Kelly Capital Own (SLV)
Accounts Managed By Brian Kelly Capital Own (TBT)
Accounts Managed By Brian Kelly Capital Are Short the British Pound
Accounts Managed By Brian Kelly Capital Are Short the Yen

For Zachary Karabell
River Twice Capital is short (XLF)
River Twice Capital and Karabell own (BIDU)
River Twice Capital and Karabell own (POT)
River Twice Capital owns (MON)

For Dennis Gartman
Funds Managed By Dennis Gartman Are Long Gold
Funds Managed By Dennis Gartman Are Long the Australian Dollar
Funds Managed By Dennis Gartman Are Long WTI CRUDE
Funds Managed By Dennis Gartman Are Long the Canadian Dollar
Funds Managed By Dennis Gartman Are Long the Swiss Franc
Funds Managed By Dennis Gartman Are Long Corn
Funds Managed By Dennis Gartman Are Long Soybeans
Funds Managed By Dennis Gartman Are Short Brent
Funds Managed By Dennis Gartman Are Short the Yen
Funds Managed By Dennis Gartman Are Short the Euro
Funds Managed By Dennis Gartman Are Short the BRITISH POUND SILVER
Funds Managed By Dennis Gartman Are Short COPPER
Funds Managed By Dennis Gartman Are Short the S&P 500 INDEX
Funds Managed By Dennis Gartman Are Short the DOW JONES

For Mary Ann Bartels
**No Disclosures

For Nick Bennenbroek
**No Disclosures