POPS (stocks that jumped higher)
Crocs (CROX) popped 6%. The rubber clog maker rose on no news. Finerman: Still like it and hanging on through earnings.
Honda Motor (HMC) popped 4%. The Japanese carmaker raised its full-year forecast thanks to higher sales in Europe, China and India. Najarian: A big pop on strong U.S. sales.
Pacific Ethanol (PEIX) popped 12%. The government picked PEIX as one of three firms building the first plant to make ethanol from wheat straw, wood chips and corn. Macke: Use this to take profits. Ethanol was last year’s fad.
Disney (DIS) popped 2%. After dropped Tuesday on a Citigroup downgrade, Pali Research swept in with an upgrade. Macke: Sticking with it even though a recession is a bad time to own Disney.
Boeing (BA) popped 2%. The company boosted the number of jetliners it delivered this quarter, sending up profits and its forecast. Adami: BA is now a long-term stock to own.
E*TRADE (ETFC) popped 10%. The online broker, which has plummeted recently, rallied after word of insider buying. Finerman: An empathetic “eh.”
DROPS (stocks that slid lower)
Align Technology (AGN) dropped 15%. The makers of InvisAlign dental braces forecast 2008 sales below estimates. Najarian: This kind of thing is the first expense people cut back on in a tough economy.
Eastman Kodak (EK) dropped 3%. The world’s largest photography company said costs associated with inkjet printers hurt profits. Adami: Missed EPS but beat revenues? That means lousy margins. Stay away.
Tesoro (TSO) and Valero (VLO) both dropped 2%. The refiners slid lower as the crack spread fell 4%. Finerman: After having a huge run, a little profit taking was inevitable.
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Trader disclosure: On Jan 30, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Finerman's Firm Is Short (IJR), (IYR), (IWM), (SPY), (MDY), Finerman’s Firm and Finerman Own (CROX), (HD), Finerman Owns (CROX) Calls, Finerman Owns (GS), Finerman’s Firm Is Short (LEH) and Owns (LEH) Puts Finerman’s Firm Owns (MO), (SUN), (TSO), (VLO), (WMT), (YHOO); Najarian Owns (AAPL) Calls, Owns (C), (CSCO), (ETFC), (MCD), (MS), (MSFT), (XLF), (RMBS), Calls, (YHOO) Calls; Macke Owns (ATVI), (YHOO), (DIS), (INTC)