Stocks On The Move This Week: Apple, Boeing...
Following are the week’s biggest winners and losers. Find out why shares of Apple (AAPL) and Boeing (BA) popped while Big Lots (BIG) and Tiffany's (TIF) dropped.
POPS (stocks that jumped higher)
Apple (AAPL) popped 6%. The iPhone appears due for a speedier internet connection in '08. – Pete Najarian thinks investors can still get in.
Boeing (BA) popped 3%. The airplane maker said orders topped last year's record. – $90 is likely the floor, says Guy Adami.
AIG (AIG) popped 9%. The world's largest insurer gained the most in more than two years on Wednesday after a Wachovia analyst said the company is undervalued. – Karen Finerman is skeptical.
Emerging Market ETF (EEM) popped 5%. The global hotspots that had overheated over the last month, gained back some of those losses this week.
Merrill Lynch (MER) popped 5%. The brokerage recovered with the rest of the financials this week – and lined the pockets of newly elected CEO John Thain via his stock options. – Financials, are back for now says Pete Najarian.
Banco Bradesco (BBD) popped 11%. The Brazilian bank rallied back after last week's tumble in the emerging markets.
NVidia (NVDA) popped 4%. Chips had a good week - and this maker of high-performance graphics cards was no exception. – Guy Adami thinks NVDA could be a takeover target.
Solarfun Power Holdings (SOLF) popped 50%. The Chinese solar company said income more than doubled this quarter.
Staples (SPLS) popped 15%. The CFO of the office supply chain said store traffic on the Friday after Thanksgiving was "tremendous."
Callaway Golf (ELY) popped 5%. The company behind Big Bertha golf clubs will buy back as much as $100 million of its shares.
Pomegranate Juice. A study, published in the Journal of Impotence Research, suggests pomegranate juice could be a drug-free alternative to Viagra. UCLA researchers found that the juice raises levels of nitric oxide, a chemical which "relaxes" blood vessel walls.
Drops: (stocks that slid lower)
Knicks. The New York Knicks lost 104-59 to the Boston Celtics last night, in what became the third-worst loss in franchise history. A last minute three stops it from being the worst loss in franchise history.
Big Lots (BIG) dropped 11%. The seller of overstocked items said Q3 sales were down, and cut its Q4 forecast. – Karen Finerman wasn’t surprised.
Tiffany's (TIF) dropped 3%. The luxury retailer said profit tripled thanks to international demand -- but sales at U.S. stores slowed which sent shares south. – This was a Dennis Gartman short position.
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to firstname.lastname@example.org.
Trader disclosure: On Nov. 30, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (ETFC), (COP), (NAT); Najarian Owns (BIDU) Options, (CFC) Options, (GOOG) Options, (XMSR) Options, (YHOO) Options; Seymour Owns (ETFC), (INTC), (MSFT), (TWX), (AAPL),(DELL); Seygem Asset Management Owns (CFC), (EEM), (X), (YHOO), (ITU); Finerman's Firm And Finerman Own (GS), (HD); Finerman's Firm Owns (TSO), (WMT), (YHOO), (PLCE), (LTD); Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns Fortis; Finerman's Firm Is Short (SPY), (IWM), (IYR), (IJR), (BIG), (HOV), (LEN); Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts