Following are the day’s biggest winners and losers. Find out why shares of Priceline.com and Sprint popped while Wells Fargo and gold dropped.
POPS (stocks that jumped higher)
Priceline.com (PCLN) popped 16%. Fourth-quarter earnings beat expectations due to strong growth in bookings. - I can't figure them out, muses Pete Najarian.
Sprint Nextel (S) popped 20%. The phone company reported a smaller-than-expected loss and said its recapturing some of its subscriber losses. - I wouldn't buy it, counsels Joe Terranova.
Target (TGT) popped 2%. A bullish report in Barron’s said that patience in the stock could be nicely rewarded and cited Pershing Square’s faith in the company. - This stock hasn't been this cheap in a long time, explains Karen Finerman.
CVS Caremark (CVS) popped 6%. The store beat on fourth-quarter earnings; also sales and margins rose. - I think it's a buy, says Joe Terranova.
Dress Barn (DBRN) popped 11%. The clothing retailer said profits for its fiscal year ending in July could exceed expectations; also same-store sales rose in the early months of 2009. - They look better than a lot of other retailers, says Tim Seymour.
Gamestop (GME) popped 7%. Fourth-quarter sales came in above estimates and its full-year forecast also exceeded expectations. - I think they're looking pretty good, says Joe Terranova.
Reliance Steel & Aluminum (RS) popped 20%. Profits beat estimates by about 40%, but the firm warned of continuing deterioration in demand. - I foresee more weakness, speculates Tim Seymour.
Rick Santelli. CNBC’s Santelli made the top post on the Drudge report today, after inciting a small riot on the Chicago trading floor; upset over the President’s new foreclosure plan.
DROPS (stocks that slid lower)
SPDR Gold ETF (GLD) dropped 1%. This ETF lost ground as investors took profit in the underlying commodity. - I still think gold goes to $1000, says Tim Seymour.
Veggies. It turns out, greens these days contain far fewer nutrients than they did 50 years ago. According to the Journal of Hortschience, vegetables have been negatively affected by the use of chemical fertilizers and pesticides and the veggies have experienced genetic and environmental dilution. Researchers think they could contain 5% to 40% less minerals than those harvested 50 years ago.
Wells Fargo (WFC) dropped 8%. This stock was likely dragged down by the same nationalization fears that sent shares of Citigroup and Bank of America considerably lower. - The pressure is on, says Pete Najarian.
Pool Corp (POOL) dropped 12%. The swimming pool distributor reported a fourth-quarter loss and revenues that were worse than expected, and the company did not provide guidance for 2009. - Move on, says Karen Finerman.
LDK Solar (LDK) dropped 22%. The Chinese maker of silicon wafers used in solar cells reported fourth-quarter revenue that was less than analysts had estimated. - The credit crisis is hitting this industry, adds Pete Najarian.
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Trader disclosure: On Feb. 19th, 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 (AAPL), (BAC), (EEM), (FXI), (PBR), (TM); Seymour's Firm Owns (VIP); Terranova Owns (KCE), (XBI), (AMGN), (FXC), (DIS); Terranova Owns (AMGN) Puts; Terranova Owns (IBM) & (IBM) Call Spread; Finerman's Firm Owns (RIG), (MSFT), (NKE), (FL); Finerman's Firm Owns (DNA) & (DNA) Call Spreads; Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO), (BBT), (VNO); Najarian Owns (CELG); Najarian Owns (EEM) Call Spread, (GDX) Call Spread, (GLD) Call Spread, (MOS) Call Spread, (STI) Call Spread; Najarian Owns (AMAT) Put Spread, (CHK) Put Spread; Najarian Owns (FCX) & (FCX) Calls; Najarian Owns (GS) Calls; Najarian Owns (GE) Puts; Najarian Owns (HPQ) Spread; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls; Najarian Owns (WFC) & (WFC) Calls