'Fast Money' Pops and Drops: Yahoo!

Here's what traders had to say in the "Pops and Drops" segment of CNBC's "Fast Money" show.

Pops

American Eagle Outfitters(AEO Quote - Cramer on AEO - Stock Picks) popped 3% to $15.57 after the retailer reported same-store sales that fell 5%. Finerman said "this is what happens when you have a retail with a great balance sheet."

Chico's FAS(CHS Quote - Cramer on CHS - Stock Picks) added 3% to $6.28, despite the company's announcement that same-store sales dropped 10%. Macke said this is a good opportunity to sell the stock.

Collective Brands(PSS Quote - Cramer on PSS - Stock Picks) surged 11% to $17.44 after the shoe company reported good earnings. Finerman thinks it's time to take profits.

Drops

Caterpillar(CAT Quote - Cramer on CAT - Stock Picks) dropped 5% to $63.94. Adami thinks the stock is a buy at $61.

American Express(AXP Quote - Cramer on AXP - Stock Picks) fell 5% to $38.75 after Lehman Brothers cut their numbers for the credit card issuer. Finerman said she likes the name 10% lower.

Hovnanian Enterprises(HOV Quote - Cramer on HOV - Stock Picks) plunged 17% to $6.40 after the homebuilder posted a third-quarter loss that doubled last year's loss for the same period. Najarian said that's a problem.

Limited Brands(LTD Quote - Cramer on LTD - Stock Picks) lost 6% to $20.70. The company announced its August same-store sales fell 7%. Macke said, "Why would you possibly want to be long this stock."

Yahoo!(YHOO Quote - Cramer on YHOO - Stock Picks) slipped 5% to $17.75. Adami feels that Jerry Yang is the worst CEO this year.

Lockheed Martin(LMT Quote - Cramer on LMT - Stock Picks) traded down 2% to $113.82. Najarian said it's time for a pullback with Lockheed.

The Gap(GPS Quote - Cramer on GPS - Stock Picks) shed 4% to $19.14. The retailer said same-stores sales dropped 8% for August. Adami thinks the stock is a buy at $17.50.

Ciena(CIEN Quote - Cramer on CIEN - Stock Picks) plunged 24% to $13.09 after the telecom equipment maker issued a weak outlook and warned of order delays. Najarian told viewers to "stay away."

Abercrombie & Fitch(ANF Quote - Cramer on ANF - Stock Picks) dropped 6% to $50.99 after the retailer's August sales disappointed Wall Street. Macke said, it's a tough market for expensive clothes with the bad economy.