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Pop & Drop
Following are the day’s biggest winners and losers. Find out why shares of Google and Fluor Corp popped while Research In Motion and General Motors dropped.

POPS (stocks that jumped higher)

Google (GOOG) popped 9%. New data showed the Internet giant is becoming even more dominant in search and a Barclays analyst said the recent drop in share price was “overdone.” – I’m skeptical, bristles Jeff Macke.

Fluor Corp (FLR) popped 4%. The firm acquired two European engineering companies; the move is expected to help increase global presence. – I think you’ve got to love engineering firms in the President-elect Obama environment, says Karen Finerman.

Wachovia Paydays. Despite losing $33 billion in the last two quarters and being forced to sell itself to Wells Fargo, ten top executives at Wachovia may get an estimated $98 million in severance. In an SEC filing this week, Wachovia said the executives would receive severance under their employment agreement if the merger closes by December 31st. Wachovia also said a closing would entitle its 11 executive officers to $2.5 million in equity based awards. – I would have run them into the ground for $50 million, exclaims Jeff Macke.

UAL Corp. (UAUA) popped 24%. The parent of United Airlines said on Tuesday it had altered its deal with its largest credit card processor, suspending a requirement to maintain additional cash reserves if its balance falls below $2.5 billion. – Who knew, says Jeff Macke.

Sallie Mae (SLM) popped 22%. The biggest US student lender popped after the Fed revealed its newest bailout plan.

Dollar Tree (DLTR) popped 9%. Third-quarter profits beat estimates and the company raised its 20009 guidance.

General Growth Properties (GGP) popped 36%. Billionaire investor Bill Ackman bought a 20% stake in the company.

E*Trade Financial (ETFC) popped 50%. Although the online brokerage firm has suffered tremendous losses this year due to bad home-equity loans, it said it’s “optimistic” it will receive funds from TARP.

Citi Trends (CTRN) popped 34%. The clothing retailer reported a third quarter loss that was less than analysts has expected.

DROPS (stocks that slid lower)

Research In Motion (RIMM) dropped 8%. A research firm said it expects cellphone sales to fall next year as the economic slowdown hurts demand. – It seems like investors buy this stock at $40 and get out around $45, counsels Pete Najarian.

General Motors (GM) dropped 1%. Merrill Lynch and JPMorgan analysts both said the company must cut debt and labor costs in order to survive. – Now there’s insight, says Guy Adami sarcastically.

Starbucks (SBUX) dropped 2%. The coffee chain said it expects sales to continue to be negative through the end of the year.

Legg Mason (LM) dropped 2%. Friedman, Billings, Ramsey & Co. analyst Matt Snowling cut his rating on Legg Mason to "Underperform" from "Market Perform" and slashed his price target to $11 from $18.

   

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Trader disclosure: On Nov.25, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (MSFT), (WMT), (UUP); Macke Is Short (TM); Najarian Owns (CTX) Calls; Najarian Owns (ETFC); Najarian Owns (MOT) Calls; Najarian Owns (PHM) Put Spread; Najarian Owns (PRU) Calls; Najarian Owns (UYG) Calls; Finerman's Firm Owns (DNA) And (DNA) Calls; Finerman's Firm Owns (CSCO), (XLF), (MSFT); Finerman's Firm Is Short (USO), (IYR), (IJR), (MDY), (SPY), (IWM)

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