Boeing (BA) popped 3%. Shares of the airplane maker climbed higher, despite the announcement of further delays in production of their 787 model. – I like this stock for valuation, says Guy Adami.
Wal-Mart (WMT) popped 1%. The world's largest retailer, came back from the dead Wednesday for no clear reason. – I think Wal-Mart has done well in this tape, says Karen Finerman.
Sun Microsystems (JAVA) popped 4%. This maker of computer servers picked-up software company "MySQL" for $1 billion...They also said profit exceeded analysts' estimates last quarter. – Hit the exit ramp, says Jeff Macke.
Rats. In a study released Wednesday, paleontologists revealed that they had discovered fossil evidence of a 1-ton rodent, thought to live in South America 4 million years ago. Dubbed "Josephoartigasia monesi" its skull alone was nearly 2 feet long. The previous rodent record holder weighed a mere 1500 pounds.
Linear Technology Corp. (LLTC) popped 4%. The chipmaker's profit beat analyst expectations -- and they raised their quarterly dividend. – Sell the pop, says Pete Najarian.
Starbucks (SBUX) popped 2%. The java chain announced it would stop carrying organic milk, but would now sell Pepsi's "Naked Juice" drinks. – Jeff Macke likes this stock.
DROPS (stocks that slid lower)
Quiksilver (ZQK) dropped 5%. The maker of wetsuits, boardshorts, and other swimwear said it sees a larger-than-expected 1st quarter loss. – Retail is having a hard time, says Pete Najarian.
California Pizza Kitchen (CPKI) dropped 18%. The pizza chain blamed its profit shortfall on slower consumer spending. – Don’t forget the high cost of cheese, adds Karen Finerman.
Scientific Games Corp. (SGMS) dropped 31%. Morgan Stanley, downgraded this maker of instant lottery tickets and betting terminals. – They lost 3 contracts in a month, says Guy Adami. Walk away.
Apple (AAPL) dropped 6%. Shares continued to fall after the new products revealed at Macworld yesterday (MacBook Air, iTunes Movie Rentals) failed to dazzle investors as much as they dazzled tech enthusiasts. – If you want to play Apple put on a call spread, says Pete Najarian.
Google (GOOG) dropped 3%. There’s word that Google will be allowed to bid in the FCC's auction of government airwaves. – Earnings are probably the next catalyst for this stock, says Guy Adami.
Conoco Phillips (COP) dropped 4%. Refiners were knocked as crude sunk toward $90. – Take a look, says Karen Finerman, it could be worth buying.
Clowns. Researchers at the University of Sheffield conducted a survey among children on their feelings about clowns -- finding that all 250 subjects (ranging in age from 4 to 16) said they didn't like them, or found them scary.
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Trader disclosure: On Jan 16, 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); Najarian Owns (C), (CSCO), (BIIB), (FRE),(MCD), (TIBX); Najarian Owns (AAPL) Options, (YHOO) Options, (WM) Options; Finerman's Firm And Finerman Own (CROX); Finerman Owns (GS), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Owns (MS) Options; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Owns Russell 2000 Puts And Is Short (IWM); Finerman's Firm Owns S&P 500 Puts And Is Short (SPY); Finerman's Firm Is Short (IJR), (IYR); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts