'Fast Money' Pops and Drops: Sysco's Bid
Mike Taylor
04/28/08 - 06:50 PM EDT
Here's what
CNBC's "Fast Money" traders had to say about some of the market's biggest movers on their "Pops and Drops" segment Monday.
Pops
Sysco (SYY Quote) popped 9%. Jeff Macke said the food service company is passing price increases along to customers. That's a good business, he said.
Apple (AAPL Quote) rose 2%. Karen Finerman said the company's earnings were pretty good.
Humana (HUM Quote) climbed 3%. Guy Adami said the company reported a good first quarter and raised guidance for the year. He said the last time the company did this, it slashed guidance a month later.
Nomura (NMR Quote) added 12%. Tim Seymour said the Japanese bank may be predatory in this environment. He said Japanese banks are worth a look.
RF Micro Devices (RFMD Quote) jumped 4%. Adami said Jeffries upgraded the stock because the "Asian handset glut is over."
Drops
Goodyear (GT Quote) dropped 6%. Adami said a JPMorgan downgrade today meant the stock gave up gains from last week.
Alberto-Culver (ACV Quote) was down 7%. Seymour said the company reported better-than-expected earnings. The top line wasn't so good, so the stock got smacked, he said.
Gemstar (GMST Quote) tumbled 21%. Macke asked why anyone would bother with Gemstar stock.
Bebe (BEBE Quote) went down 11%. Finerman said that fear of bad things to come was taking shares down. Look elsewhere for a retailer, she said.
Sealy (ZZ Quote) slipped 6%. Macke said he told viewers to sell this on its previous pop.
Smurfit-Stone (SSCC Quote) lost 7%. Finerman said this is a recession stock, offering cardboard. She said
UPS (UPS Quote) guided lower, but she wasn't sure why the stock went down today.
