Stocks On The Move: Boeing, Home Depot...
Following are the day’s biggest winners and losers. Find out why shares of Boeing (BA) and Home Depot (HD) popped while Schering Plough and Washington Mutual (WM) dropped.
POPS (stocks that jumped higher)
Boeing (BA) popped 1%. Gulf Air signed a $6 billion order with the aerospace giant for 24 Dreamliner planes. – That’s a huge move for this stock, says Guy Adami. I like it.
Home Depot (HD) popped 3%. Credit Suisse upped the home improvement retailer to "outperform" from "neutral" - saying the stock has hit a bottom. – It’s a long road back for this stock, says Jeff Macke.
American Eagle Outfitters (AEO) popped 8%. The young-adult clothing chain raced higher, despite a reduced price target from Credit Suisse. – Karen Finerman likes this stock.
FTD Group (FTD) popped 18%. The flower delivery network said quarterly profit was 30-cents per share -- analysts had expected 26-cents. – Sell the strength says Jeff Macke.
Biogen (BIIB) popped 2%. Monday afternoon Tysabri, the biotech's treatment for Crohn's Disease, received FDA approval. – I think the stock is cheap, says Guy Adami.
Zagats. The ubiquitous restaurant guide that's become a mini-empire has hired Goldman Sachs to find a buyer. The New York Times estimates it could fetch $200 million.
Sanmina-SCI (SANM) popped 8%. This electronics manufacturer said preliminary EPS met or exceeded analyst expectations. – Forget about this stock, says Pete Najarian.
YRC Worldwide (YRCW) popped 7%. Trucking firms like YRC shifted into high gear, after a sector upgrade from Bear Stearns to "market weight" from "underweight." – They’ve got a lot of debt, says Karen Finerman. I don’t like debt.
Mosaic (MOS) popped 10%. Standard & Poors raised the rating on this seed stock's debt to "BB+" from "BB". – Pete Najarian likes this stock.
Deere & Co. (DE) popped 6%. After the rating on competitor Mosaic's debt was raised, Deere shares received a lift. – I like this stock, says Guy Adami.
DROPS (stocks that slid lower)
Schering Plough (SGP) dropped 8% and Merck (MRK) dropped 1%. It turns out Vytorin, the cholesterol drug made jointly by the two pharma firms, yielded no better results than a cheaper drug that's been on the market longer. – Pete Najarian is speechless.
Washington Mutual (WM) dropped 2%. Shares cooled off as talk of a takeover by JPMorgan died down. – That’s a pop for Washington Mutual says Karen Finerman.
Compuware (CPWR) dropped 13%. The business software company's preliminary earnings fell short of expectations. – Wrong business in the wrong time, says Jeff Macke.
Breast Implants. Merrill Lynch conducted a survey among plastic surgery docs, who say they expect weakness in the breast implant market in 2008...Is this the next big economic indicator?
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Trader disclosure: On Jan 14, 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 (DIS), (YHOO), (INTC); Pete Najarian Owns (BIIB), (C), (CSCO), (MS), (MSFT), (EMC); Pete Najarian Owns (AAPL) Options, (SOV) Options, (VLO) Options, (WM) Options, (YHOO) Options; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (AEO), (DAI), (SKS), (WMT), (YHOO); Finerman's Firm Owns S&P 500 Puts And Is Short (SPY); Finerman's Firm Owns Russell 2000 Puts And Is Short (IWM); Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Owns (LEH) Puts; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Is Short (IYR),(IJR), (GLD), (SPG), (TCO); Finerman's Firm Owns Paramount Energy Trust, Daylight Resources Trust, Canetic Resources Trust