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Pops & Drops: Harley Davidson, Lennar...

Following are moves you might have missed. Find out why shares of Harley Davidson and Lennar popped while State Street and Avery Dennison dropped.

POPS (stocks that jumped higher)

Harley Davidson (HOG) popped 10%. The company posted a higher-than-expected quarterly profit due to strong sales of its motorcycles, and it raised its forecast for shipments. - I'm a buyer around $42, says Joe Terranova.

Lennar (LEN) popped 7%. Investors bid this and other housing stocks higher after new data showed housing starts jumped to a 6-month high. - I wouldn't chase this one, says Karen Finerman.

InterDigital (IDCC) popped 27%. According to reports, the company’s board is evaluating strategic alternatives, which may include a possible sale of its patents or the entire firm. - I'd stay away from this one, says Joe Terranova.

Mosaic (MOS) popped 3%.
The company posted better than expected results due to rising fertilizer prices and robust food demand.

DROPS (stocks that slid lower)

State Street (STT) dropped 3%. The bank missed Street estimates and announced plans to cut 850 jobs. - The stock pared losses into the close, and that bounce could continue on Wednesday, says Dan Nathan.

Avery Dennison (AVY) dropped 13%. The company issued a disappointing outlook citing weakness in its two of its largest business segments.

Eastman Kodak (EK) dropped 9%. A Wall Street Journal article called the company’s future into question citing market concerns that the company is running out of time to adapt to the changes sweeping its industry. - I'm seeing a lot of long-dated put buying in this one, says Dan Nathan.




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Trader disclosure: On July 19th 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Nathan owns (AMZN) puts; Nathan owns (CSCO) calls; Nathan owns (IBM) puts; Nathan owns (INTC) put flys; Finerman's Firm And Finerman Own (AAPL); Finerman's Firm owns (BAC) leaps and Finerman Owns (BAC); Finerman's Firm owns (JPM) leaps and Finerman Owns (JPM); Finerman’s Firm and Finerman own (MSFT); Finerman's Firm Is Short (IWM); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (SPY); Finerman's Firm Is Long S&P 500 Puts; Finerman's Firm Is Long Russell 2000 Puts; Terranova owns (XOM); Terranova owns (HAS); Terranova owns (DIS); Terranova owns (WFM); Terranova owns (LULU); Terranova owns (MSFT); Terranova owns (TM); Terranova owns (JWN); Terranova owns (MCD); Terranova owns (PEP); Terranova owns (MA); Terranova owns (BX); Terranova owns (GS); Terranova owns (DAR); Terranova owns (CAT); Terranova owns (VRTS); Terranova owns (AAPL); Terranova owns (F); Terranova owns (CVI); Terranova owns (IBM); Terranova owns (FCX); Weiss owns (AAPL); Weiss owns (KO); Weiss owns (JPM); Weiss owns (QCOM); Weiss owns (MSFT); Weiss owns (EMC); Weiss owns (UUP); Weiss owns (TBT); Weiss owns (UGL); Weiss owns (AGU); Weiss owns (HBAN); Weiss owns (KEY); Weiss owns (CMA); Kinahan owns (C)

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