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Following are the _day’s _biggest winners and losers. Find out why shares of HOVNANIAN and VARIAN popped while LOWE’S and SUNPOWER dropped. POPS (STOCKS THAT JUMPED HIGHER) HOVNANIAN (HOV)
POPPED 9%. Word that new home sales jumped 11% in June sent this and other homebuilders surging. - I wouldn't touch this space, says Joe Terranova. Inventory levels are too high. VARIAN
(VARI) POPPED 29%. Agilent Technologies agreed to acquire the company for $1.5 billion. - It's worth watching, says Pete Najarian. DROPS (STOCKS THAT SLID LOWER) RADIOSHACK (RSH)
DROPPED 7%. Second quarter sales missed estimates. - I'm not a fan of this stock anymore, says Karen Finerman. ALPHA NATURAL RESOURCES (ANR) DROPPED 6%. The coal name missed on
earnings, as profits fell 77%. Also the company warned its full year sales forecast could be cut. - I wouldn't rush in, counsels Tim Seymour. COACH (COH) DROPPED 3%. Lazard downgraded
the company to ‘hold’ from ‘buy’ saying fundamentals still haven’t stabilized. LOWE’S (LOW) DROPPED 4%. Goldman removed the name from its ‘conviction buy’ list. SUNPOWER (SPWR) DROPPED 4%.
Investors took profits after the stock gained more than 30% last week. MYLAN (MYL) DROPPED 13%. Questions about quality control at the company’s West Virginia plant dragged down shares.
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you'd prefer to make a comment but not have it published on our website send your e-mail to . _Trader disclosure: On July 27th, 2009, the following stocks and commodities mentioned or
intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (POT), (AA), (BAC), (AAPL), (FXI), (SBUX); Seymour's Firm Is Short (PBR); Najarian Owns
(UNH) Calls; Najarian Owns (BTU) Calls; Najarian Owns (BUCY) & Short (BUCY) Calls; Najarian Owns (INTC) Call Spread; Najarian Owns (JPM) & Short (JPM) Calls; Najarian Owns (MS) &
Short (MS) Calls; Najarian Owns (MSFT) & Short (MSFT) Calls; Najarian Owns (V) & (V) Short Calls; Najarian Owns (WNR); Najarian Owns (YHOO) Call Spread; Terranova Owns (MCD),
(AMZN), (MSFT); Finerman Owns (RIG); Finerman's Firm Owns (MSFT), (NOK), (PBR), (RIG), (TBT), (WMT); Finerman's Firm And Finerman Own (BAC) Preferred Shares; Finerman's Firm
And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (USO), (IJR), (IYR), (IWM), (MDY), (SPY)_