Pops & Drops: 3M, McDonalds, Playboy...
Following are the week’s biggest winners and losers. Find out why shares of Dell and Playboy Enterprises popped while McDonalds and 3M dropped.
McDonald's (MCD) Dropped 3%. Despite blow out numbers and a great run the fast food giant drops as investors took profits, says Guy Adami.
iShares MSCI Emerging Markets ETF (EEM)Popped 6%. The emerging markets gain today on hopes the infrastructure package will spur growth worldwide, particularly in China, says Tim Seymour.
Playboy Enterprises (PLA) Popped 20%. The adult entertainment company closed up as CEO Christie Hefner says she will be stepping down from the position after 2 decades, per Jeff Macke.
Nucor Corp. (NUE) Popped 11%. The largest US steel maker by market cap gets a pop on Obama’s infrastructure plan, and as Goldman sees signs that prices for the metal may stop falling. Pete Najarian agrees with Dennis, if it hurts falling on your foot, it's going up.
Tribune Co. (TRB) Dropped. As the media conglomerate files for bankruptcy protection today, after being bought by real estate mogul Sam Zell in an extremely leveraged deal last year, they face $13 billion in debt.
Dell (DELL) Popped 12%. The world’s second-largest computer maker pops on speculation the company, along with China’s Lenovo Group, may buy Brazil’s largest computer maker, Positivo Informatica. Adami doesn't know if it's good or bad, but Dell likes it.
3M (MMM) Dropped 4%. The post-it maker drops after lowering its full-year outlook and announcing it would cut 1,800 jobs. "They make everything except money", quips Tim.
Apple(AAPL) Popped 6%. The maker of the iPhone pops after reports the phone will be sold in Wal-Mart stores this month. Macke says of course it's a good thing.
Metlife (MET) Dropped 2%. The insurer drops as it predicts 09 profit will miss analysts' expectations. They took profits and sold 'er off, says Pete Najarian.
Milwaukee Bucks Popped (Literally!). In response to the recent recession, two Milwaukee neighborhoods are considering printing their own money to encourage local spending. Participants would exchange US dollars for the local currency and in return recieve incentives like discounts at local stores. It's legal as long as it doesn't resemble federal currency!