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