Following are the week’s biggest winners and losers. Find out why shares of Electronic Arts and Comcast popped while AIG and Tesoro dropped.
POPS (stocks that jumped higher)
Electronic Arts (ERTS) popped 9%. The maker of the Madden-series of football video games signed a contract extension with the NFL. – I like other companies in this space better, says Jeff Macke.
Comcast (CMCSA) popped 18%. The cable television company said it would initiate a share buyback of $6.9 billion and pay its first dividend in 10 years. – Look what happens when you take money away from executives and give it to shareholders, says Karen Finerman.
Precision Castparts (PCP) popped 7%. Goldman Sachs added this maker of airplane parts to its Conviction Buy List, saying its oversold. – I think this stock is a buy, says Guy Adami.
Hawaii Housing. While foreclosure rates in the rest of the country continue to climb, one state - Hawaii - has dodged a severe housing slowdown thanks to wealthy foreign buyers who are using their currency advantage to buy up property in this tropical paradise. To get the full story on the balmy boom on the Big Island, catch tonight's High Net Worth at 8:30, right here on CNBC.
Turkcell (TKC) popped 12%. The largest mobile phone operator in Turkey hinted at making acquisitions in the near future to head off competition from Vodafone. – I like this stock, says Tim Seymour.
Macy's (M) popped 5%. Activist Investor Carl Icahn upped his stake in the department store chain to 5.2 million shares from 4 million. – Nice week, says Karen Finerman.
Priceline.com (PCLN) popped 22%. Shatner strikes again: the online travel agency more than doubled profits, and guided higher. – I wouldn’t race into this one, says Guy Adami.
Aluminum Corp of China (aka Chalco) (ACH) popped 15%. Chatter about collaboration between Chalco and Rio Tinto popped shares of the Chinese aluminum giant. – I think it’s a sell, says Tim Seymour because they’re not producing they way they were.
DROPS (stocks that slid lower)
AIG (AIG) dropped 9%. On Monday, the insurance giant dropped the most in 20 years on concerns it would report further losses. – Don’t konw about this stock, says Guy Adami.
Tesoro (TSO) down 3%. Gasoline prices have not kept pace with the rise in oil, squeezing margins for the big refiners. – The demand for gas is probably going a little lower, says Karen Finerman.
UBS (UBS) dropped 10%. Citigroup said Europe's largest bank may have to write-down $18 billion. – Now that's the pot calling the kettle black, says Tim Seymour.
Chipotle Mexican Grill (CMG) dropped 3%. Higher costs for beef, cheese and chicken took the spice out of this burrito chain and sent shares down more than 10% at the open Friday. – I think you can dip your toe, says Jeff Macke.
Whole Foods Market (WFMI) dropped 4%. A Lehman analyst cut the natural-foods chain to "sell" from "hold." – Long spam and short Whole Foods, says Jeff Macke.
Satellite. The US government has announced plans to launch missiles into space, in an effort to destroy the school-bus-sized spy satellite that it recently lost control of. The 5,000 pound satellite, which is carrying toxic fuel, is expected to plummet to Earth within the next two weeks.
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Trader disclosure: On Feb.15, 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), (ATVI), (HAS), (DIS); Finerman Owns (GS), (KFT); Finerman's Firm Owns (MSFT), (MO), (SKS), (TSO), (VLO), (WMT), (YHOO), (BR); Finerman's Firm Is Short (SPY), (MDY), (IYR), (IWM), (IJR); Finerman's Firm And Finerman Own (CROX) And (CROX) Options; Finerman's Firm And Finerman Own (HD); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Seymour Owns (DELL), (INTC), (MER); Seygem Asset Management Owns (GFI)
