Following are the week’s biggest winners and losers. Find out why shares of Osiris Therapeutics (OSIR) and Humana (HUM) popped while Valero (VLO) and Macy's (M) dropped.
POPS (stocks that jumped higher)
Osiris Therapeutics (OSIR) popped 11%. The biotech won a U.S. military contract worth $225 million to develop and stockpile a counter-radiation sickness drug for troops. – Pete Najarian likes this stock.
Humana (HUM) popped 5%. A CIBC analyst spiked shares of this health insurer higher after saying the company will have higher earnings than expected because government Medicare payments may not be cut until 2011. – Guy Adami thinks there’s room on the upside.
Fast Money On High Net Worth. It's media synergy at its best! Need more Fast Money picks? Catch Tim Seymour, Jon Najarian and Guy Adami on Friday's High Net Worth, giving their stock picks for High Net Worth investors. Catch it at 8:30PM ET.
IHOP (IHP) popped 6%. The parent company of the International House of Pancakes and Applebee's popped this week on no news.
Double-Short NASDAQ ETF (QID) popped 13%. This ETF was one way to buck the bear trend this week.
Huckabee & Obama. Huckabee, a former Arkansas governor, claimed 34% of the Republican vote in last night's Iowa Caucus - a major disappointment for rival Mitt Romney. Meanwhile, Obama, a senator from Illinois, bested Hillary Clinton to capture 38% of the Democratic Vote.
DROPS (stocks that slid lower)
Valero (VLO) and Tesoro (TSO) both dropped more than 8%. Margin concerns forced the refiners lower as oil touched $100. – I think they’re going to keep moving lower, says Jon Najarian.
Sallie Mae (SLM) dropped 15%. The student loan lender said it will pull back on loan origination and purchases because of a new federal law that slashes subsidies to commercial lenders. – I think there’s still room on the downside, says Guy Adami.
Macy's (M) dropped 12%. Poor jobs data beating down shares of retailers like Macy's. – No miracle on 34th street or anywhere else says Jeff Macke.
KLA Tencor (KLAC) dropped 11%. Another chip name followed Intel down the tubes. – Jon Najarian thinks the stock will slide to $60.
Talbots (TLB) dropped 19%. The women's clothing retailer said it would stop selling children's and men's apparel and eliminate 5% of its workforce. – Never buy specialty retail on the dip because it’s where love goes to die, says Jeff Macke.
Garmin (GRMN) dropped 10%. Shares of the GPS navigation name lost their way, ahead of CES next week.
National City (NCC) dropped 11%. National City tumbled after it announced a 49% dividend cut as well as additional job cuts
Wendy's (WEN) dropped 10%. The home of "The Baconator" said sales at company-owned restaurants were down 0.8% -- the first decrease in almost 2 years.
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 Jan 4, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (YHOO); Pete Najarian Owns (CSCO), (MSFT); Pete Najarian Owns (AAPL) Options, (NEM) Options, (VLO) Options, (WEN) Options, (YHOO) Options; Jon Najarian Owns (ACI), (AG), (AGU), (BTU), (DE), (DELL), (MON), (MOO), (MOS), (POT), (WEN), (YHOO), (WLP); Jon Najarian Is Short (BSC), (KLAC), (VLO); Charles Schwab Is A Sponsor Of "Fast Money"