Campbell Soup (CPB) popped 4%. “The Tale of Desperaux,” a film in which Campbell’s is a partner, features a kingdom built around the love of soup. – I saw that movie, exclaims Zach Karabell.
Southwest Airlines (LUV) popped 4%. The carrier announced plans to fly between the U.S and Canada. – Interesting, says Pete Najarian.
Prologis (PLD) popped 31%. Deutsche and Wachovia upgraded the warehouse owner after the company agreed to sell operations in China. – It’s a really leveraged company, reveals Karen Finerman.
Owens-Illinois (OI) popped 9%. The world’s largest maker of glass containers popped after it replaced Wachovia in the S&P 500. – Sad to see the financial name gone, says Joe Terranova.
Gamestop (GME) popped 5%. Last minute Christmas shoppers picked up gifts for the gamer in their family. – Games appear to be doing okay this season, explains Zach Karabell.
Starbucks (SBUX) popped 2%. For its latest cost cutting measure, the coffee chain told employees it will no longer guarantee company matching for 401(k)s. – Interesting, says Pete Najarian.
Sun Life Financial (SLF) popped 3%. CIBC World Markets upgraded the stock to “sector outperform” from “sector perform,” citing a strong position and balance sheet. – It’s not that exciting, says Karen Finerman. But it’s Christmas Eve.
DROPS (stocks that slid lower)
New York Times (NYT) dropped 5%. The newspaper publisher dropped after reporting ad revenue fell 21% in November. – I don’t think you’ll find Christmas cheer here, says Karen Finerman.
Hess (HES) dropped 2%. The firm followed crude prices which fell on larger-than-expected inventory levels. – They’re tethered to the price of oil, explains Joe Terranova.
Alpha Natural Resources (ANR) dropped 7%. The coal producer moved lower along with the rest of the space. – I’d walk away, says Zach Karabell.
Astrazeneca (AZN) dropped 1%. The FDA asked for additional information on its application for the depression drug Seroquel XR. – I think when they get more information you’ll see a pop, speculates Pete Najarian.
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Trader disclosure: On Dec. 24 th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Najarian Owns (AMR) And Is Short (AMR) Calls: Najarian Owns (MSFT): Najarian Owns (XHB) Calls: Finerman's Firm Owns (AEO): Finerman's Firm Owns (MSFT) And (MSFT) Put Spreads; Finerman's Firm Owns (OIH) Puts; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (BBT), (COF), (USO); Finerman's Firm Owns (ROH) Call Spreads; Karabell Owns (AAPL), (GOOG), (JPM), (CSCO)
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)
Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.: Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (OFC), (DLR), (EXR), (IGE), (MAC), (DBC), (DBV), (SKT), (UA), (CLB): Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights