GE drops 5%. Despite the announcement of Jay Leno getting his own nightly primetime show, the parent of CNBC drops after JPMorgan cuts its 2009 earnings estimate and says the fourth quarter will be a miss. Tim is optimistic about the company though, with its outlook and balance sheet. "I think this more the infrastructure play."
Disney drops 5%. The media giant is being sued by the Screen Actors Guild, which has urged its members to strike in order to pressure studios to restart contract talks. DryShips entering the discount cruise business may also impact the entertainment company, says Macke.
PepBoys plummets 26%. It's about the "haves and have-nots," says Karen, pointing out how AutoZone fared well today in comparison.
Toy Train Enthusiasts. According to Bloomberg, the holiday train show which has been on display in the Citigroup Center in Manhattan every holiday season since 1987 has been canceled this year. Citigroup, hit hard by the credit crisis, has canceled the event in order to save the $240,000 involved in sponsoring the event.
iShares FTSE/Xinhua China 25 Index Fund drops 4%. Tim says it's 60% off its low and believes China is still the emerging market to look into, especially with tonight's central economic policy team meeting.
Con-way drops 13%. Pete points to the company's cut in outlook, layoffs, slowing demand and sums it up: "Not so good."
T. Rowe Price drops 6%. Goldman rated it a Sell. "They've all been downgraded," notes Tim.
Kroger drops almost 6%. Macke's reasoning for the grocer's dip: residents of New Jersey can now hunt their own wild boar and get their "pigs for free."
Got something to to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your e-mail to firstname.lastname@example.org.
Trader disclosure: On Dec. 10th, 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 (DIS), (WMT), (MSFT), (MCD); Seymour Owns (AAPL), (BAC), (ETFC), (F), (MER), (CX); Seygem Asset Management Owns (FXI); Finerman's Firm Owns (MSFT); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY), (USO), (BBT), (VNO), (SPG), (COF), (FDO); Najarian Owns (ETFC), (CIEN); Najarian Owns (DRYS) And Is Short (DRYS) Calls; Najarian Owns (STX) Calls; Najarian Owns (UYG) Calls
GE Is The Parent Company Of CNBC: NBC Universal Is The Parent Company Of CNBC: Charles Schwab Is A Sponsor Of "Fast Money"
Piper Jaffray Is A Market Maker In (AAPL)
Piper Jaffray Is A Market Maker In (GOOG)
Piper Jaffray Is A Market Maker In (YHOO)
Piper Jaffray Is A Market Maker In (AMZN)
Piper Jaffray Is A Market Maker In (EBAY)
CIBC Gartman Index Owns Natural Gas And Is Short Crude Oil