Home Depot (HD) popped 7%. Resurgent retail was one of this week's bright spots. – Retail is oversold, says Karen Finerman.
Advanced Micro Devices (AMD) popped 13%. Sales of higher-priced chips led AMD to report a smaller-than-anticipated loss. – Low expectations, explains Jeff Macke.
Smiles. Forget just whitening your teeth, people are now going to the dentist for "gum contouring" which makes teeth appear longer. For a deeper look into how people are spending thousands on their smiles, check out High Net Worth at 8:30 PM Eastern on CNBC.
American Eagle Outfitters (AEO) popped 11%. This teen clothing seller surged higher as certain retail names sprung to life this week. – It’s another one I own, says Karen Finerman.
DROPS (stocks that slid lower)
Google (GOOG) dropped 6%. The search giant was not immune to the market's troubles. – The market is selling the good names, says Pete Najarian, and I think this is a good name.
Schlumberger (SLB) dropped 15%. The oil services stock plunged after 4th quarter profit disappointed analysts. – I think you can look at this stock next week, says Guy Adami.
Sprint Nextel (S) dropped 28%. The nation's 3rd largest wireless carrier said it shed nearly 700,000 customers last quarter. Shares fell the most since 1980.
Motorola (MOT) dropped 9%. The mobile phone maker slid ahead of next Wednesday's earnings report. – This is the Sprint of cellphone makers, says Pete Najarian.
Sears (SHLD) dropped 7%. Sears lowered its fourth quarter and full-year guidance. – I don’t like this stock, says Jeff Macke.
Emerging Market ETF (EEM) dropped 8%. India and China both followed the US markets into sell-offs this week. – I think it has more room lower, says Guy Adami.
Russell 2000 ETF (IWM) dropped 4%. Small caps officially fell into bear-market territory after sliding more than 20%.
Fun. Richard Knerr, co-founder of the Wham-O toy company died this week. Wham-O was the company behind popularizing the Hula-Hoop, Frisbee, Silly String, and the Slip N' Slide.
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Trader disclosure: On Jan 18, 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 (BIIB), (C), (CSCO), (MS), (MSFT), (EMC); Najarian Owns (LEH) Puts; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (PLCE), (TSO), (VLO), (WMT), (YHOO), (M), (AEO) (DSW), (SUN), (SKS); Finerman's Firm Owns Russell 2000 Puts And Is Short (IWM); Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Is Short (MDY), (IYR), (IJR), (SGP), (TCO),(SPY); Finerman's Firm Is short (LEH) And Owns (LEH) Puts; GE Is The Parent Company Of CNBC