Pops & Drops: Apple, Whirlpool...
Following are the day’s biggest winners and losers. Find out why shares of Apple and Whirlpool popped while NYSE Euronext and Rio Tinto dropped.
POPS (stocks that jumped higher)
Apple (AAPL) popped 3%. Analysts at FTN Equity Capital upgraded this company to ‘buy’ from ‘neutral’. - If you buy this stock also buy some puts to protect yourself, counsels Pete Najarian.
Whirlpool (WHR) popped 2%. Investors shrugged off news that fourth-quarter profits missed estimates and bid shares higher. - If you were short you got lathered, rinsed and thrown in the dryer, says Jeff Macke.
Barclays (BCS) popped 11%. Profits for the second-half of the year beat analysts’ expectations suggesting the company won’t need new capital. - I think it could be an impressive story, says Tim Seymour.
Textron (TXT) popped 8%. Investors liked hearing that the aircraft maker had made changes to its senior finance team. - It bounced off a 17-year low, says Pete Najarian. I think they have some issues.
Hasbro (HAS) popped 7%. The toymaker said income should grow in 2009 unless conditions significantly decline, further. - Looking good, says Jeff Macke.
DROPS (stocks that slid lower)
NYSE Euronext (NYX) dropped 5%. The stock exchange reported a fourth-quarter loss mainly due to charges on its Euronext merger and a slowdown in trading volume. - The stock looks attractive here, says Karen Finerman.
Rio Tinto (RTP) dropped 7%. The mining company said it is searching for a new chairman following the resignation of Jim Leng, who left less than a month into the position. - It was probably time to take profits anyway, says Tim Seymour
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Trader disclosure: On Feb. 9th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;Seymour Owns (MT), (BAC), (EEM), (FCX), (VIP), (BIDU); Seymour's Firm Owns (VIP); Macke Owns (MOS), (TM), (SDS), (AAPL), (BAC), (DIS); Najarian Owns (FCX) & (FCX) Calls; Najarian Owns (MT) Calls, (GS) Calls; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls; Najarian Owns (CAT) Call Spread, (ENER) Call Spread, (EEM) Call Spread, (GDX) Call Spread, (MOS) Call Spread; Najarian Owns (GE) Puts; Finerman's Firm Owns (MSFT), (PM), (RIG); Finerman's Firm Owns (DNA) & (DNA) Calls; Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO)