Stocks On The Move: Palm, Real Networks...
Following are the day’s biggest winners and losers. Find out why shares of Palm (PALM) and Real Networks (RNWK) popped while United Airlines (UAUA) and Pier One (PIR) dropped.
POPS (stocks that jumped higher)
Palm (PALM) popped 5%. Shares of Palm climbed after a JPMorgan analyst upgraded the stock, saying sales of Palm's Centro smart phone may be better than expected. – I’m not impressed, says Tim Seymour.
Real Networks (RNWK) popped 4%. Seattle based Real Networks popped after Yahoo switched its online music customers over to Real Networks Rhapsody America. – I think they have problems, says Pete Najarian.
China Life Insurance (LFC) popped 6%. The firm moved higher following a sharp rally in Asian markets. – I think the valuation is very high, says Tim Seymour.
Solar Fun (SOLF) popped 8%. Solar shares rose after Yingli Green Energy Holding forecast higher shipments this year with positive news about its polysilicon supplies. – Don’t get involved in the fun, says Karen Finerman.
DROPS (stocks that slid lower)
United Airlines (UAUA) dropped 6%. The airline announced a new program in which it will charge $25 to check a second bag. – If the stock market is open it’s a good day to sell the airlines, Jeff Macke so often says.
Pier One (PIR) dropped 8%. The home goods store fell after an analyst downgraded the firm. – Jeff Macke isn’t impressed.
WCI Communities (WCI) dropped 10%. The drop comes after news it WCI was named as a defendant in a class action brought on behalf of purchasers of hotel condominium units in The Resort at Singer Island. – That 10% move only translates to $0.50, explains Karen Finerman.
Under Armour UA dropped 6%. The stock wilted after its superbowl ad ranked as one of the least favorite of the night.
Virgin Mobile (VM) dropped 12%. Shares of Virgin Mobile USA Inc., the U.S. wireless unit of Richard Branson's Virgin Group, tumbled after the company reported fourth-quarter subscriber figures below analysts' and its own prior expectations. – I think they’re losing ground, says Tim Seymour.
Delta (DAL) dropped 7%. The dip came after CNBC'S David Faber reported that a merger deal between Delta and Northwest is unlikely to occur this week. – Tough day for the airlines, says Jeff Macke.
Humana (HUM) dropped 4%. This stock continued a downward trend set by its competitors two weeks ago as concern lingers over health insurers' ability to build membership and keep costs in check. – Too much negativity, says Pete Najarian.
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Trader disclosure: On Feb.4, 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 (YHOO), (INTC), (DIS); Najarian Owns (AMR), (BIIB), (C), (CSCO), (YHOO), (XLF), (MCD); Najarian Owns (AAPL) Calls, (GOOG) Calls, (NYX) Calls, ; Najarian Owns (WM) Puts; Finerman Owns (GS), (RTP), (YHOO), (AEO), (WMT); Finerman's Firm And Finerman Own (CROX), (KALU); Finerman's Firm Owns (NMX) And (NMX) Options; Finerman's Firm Is Short (SPY), (IJR), (IYR), (IWM), (MDY), (CME), (COF); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Is Short (MHGC); Seymour Owns (CSCO), (GOOG), (INTC), (MSFT), (SBUX), (YHOO), (SHLD), (UN); Seygem Asset Management Owns (CTCM), (FMCN), (GAF), (GFI); Charles Schwab Is A Sponosr Of "Fast Money"