'Fast Money' Pops and Drops: Down the Amazon - TheStreet

Dylan Ratigan started Pops and Drops by citing companies making some sharp turns during after-hour trading.

Amazon.com

(AMZN) - Get Report

is down after-hours upon reporting that its second-quarter profit rose to $158 million, or 37 cents a share, from the $78 million, or 19 cents a share, it earned in the same quarter last year. Its outlook did not impress investors; Amazon stated that its revenue would increase from $20.0 billion to $20.1 billion.

Qualcomm

(QCOM) - Get Report

was up 9% to $48.93 after postponing third-quarter earnings as investors speculate in a possible delay in the court battle with

Nokia

(NOK) - Get Report

.

Chipotle Mexican

(CMG) - Get Report

was down 10% to $76 after reporting that its profits missed by a penny. And

MEMC

(WFR)

fell sharply by 28% to $28.52 after missing its earnings by 8 cents.

Ratigan asked if

Sirius Satellite

(SIRI) - Get Report

and

XM Satellite

( XMSR) will finally gain approval to merge. Sirius was up 13% to $2.68, and XM was up 10% to $10.04. Jeff Macke responded to Ratigan by saying, "Who cares if they merge? They are dead."

Pepsi

(PEP) - Get Report

was up 2% to $67.72. Joe Terranova is very bullish on Pepsi, saying "I think it goes to $70."

Boeing

(BA) - Get Report

was down 4% to $66.72 after the company reported a drop in second-quarter profits. Karen Finerman stated the company mentioned the weakness was because the "mix was bad."

Intuitive Surgical

(ISRG) - Get Report

surged 18% to $331.13. Pete Najarian said the Da Vinci product "is doing beautifully for the company."

CEC Entertainment

(CEC)

rose 24% to $36.72. Macke said "there has been a huge rally."

Hershey

(HSY) - Get Report

was up about 5% to $36.85. Terranova said "this is the first pop I have seen in Hershey." He advises to just stick away from the stock.

Whirlpool

(WHR) - Get Report

was up 12% to $76.69. Finerman stated that the company released good earnings but citied the rally as a result of shorts covering their shares.

Zimmer Holdings

(ZMH)

was down by 7% to $ $66.01. Najarian said the downward movement had to do with the company lowering sales forecasts for the year.

Hertz Global Holdings

(HTZ) - Get Report

was up about 7% to $8.85. Macke stated the rally had to do with the stock being "beaten senseless" for quite a while.

Ryder Systems

(R) - Get Report

was down by 10% to $67.58. Terranova said investors should have owned the ETF for this sector, since people would have benefited much better than from owning the particular stock.

This article was written by a staff member of TheStreet.com.