Following are the day’s biggest winners and losers. Find out why shares of Manpower and Tempur-Pedic popped while Verizon and Expedia dropped.
POPS (stocks that jumped higher)
Manpower (MAN) popped 2%. Citi raised it’s rating on Manpower as well as Robert Half citing “improvement in the temporary employment sector over the past several months" as well as "optimism on the long-term secular trends in the staffing market." - If unemployment improves they should do better, says Karen Finerman.
Tempur-Pedic (TPX) popped 5%. The company said sales in the last quarter were 29% higher as compared to the same period last year. - I don't really follow the space, admits Joe Terranova.
Ford (F) popped 4%. Investors turned bullish on the stock after new data showed substantial sales increases in December and on word that Mustang sales outpaced those of the Chevy Camaro. - I'd be a looker in the entire auto space, says Tim Seymour.
Boeing (BA) popped 3%. The aerospace giant said on Wednesday it has won a contract from the United Arab Emirates for six C-17 military aircraft. - Could this be the end of the turbulence for Boeing, chuckles Karen Finerman.
Family Dollar (FDO) popped 12%. The value retailer reported better than expected earnings and said people with higher incomes were shopping in their stores. - Giddyup, says Pete Najarian.
Petrobras (PBR) popped 2%. The Brazil-based oil giant traded in tandem with the spot price of crude, and that was higher.
DROPS (stocks that slid lower)
Verizon (VZ) dropped 3%. The company’s CEO expressed concern that high unemployment could have a negative impact on business. - I think it's just a bit of a pullback, says Pete Najarian.
Expedia (EXPE) dropped 5%. Comments from the company’s chief executive weren’t nearly as bullish as some investors expected them to be.
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 January 6th, 2010, 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), (AA), (BAC), (EEM), (F), (INTC), (TRINA); Seymour Is Short (PBR), (POT); Najarian Owns (BG) Call Spread; Najarian Owns (CLF) Calls; Najarian Owns (CLF); Najarian Owns (FCX); Najarian Owns (MS); Najarian Owns (SOLF) Call Spread; Najarian Owns (TCK) ; Najarian Owns (TJX); Terranova Owns British Pound Futures; Terranova Owns Copper Futures; Terranova Owns (BAC); Terranova Is Short (CMA); Terranova Works For (VRTS); Finerman Owns (AAPL), (RIG); Finerman's Firm Owns (BAC) Preffered; Finerman Owns (BAC) Preferred; Finerman's Firm Owns (MSFT), (PBR), (PDE), (RIG), (WMT), (PLCE) (TJX)
For Kimberly Greenberger
Citi Owns (ANF)
Citi Owns (ARO)
Citi Owns (LTD)
Citi Owns (GPS)
Citi Owns (JCG)
Citi Owns (PLCE)
Citi Has Received Compensation from (AEO)
Citi Has Received Compensation from (ANF)
Citi Has Received Compensation from (ANN)
Citi Has Received Compensation from (JCG)
Citi Has Received Compensation from (LTD)
Citi Has Received Compensation from (PLCE)
Citi Has Received Compensation from (TJX)
(PLACE) Has Been A Client of Citi in Past 12 Months
(LTD) Has Been A Client of Citi in Past 12 Months
(GPS) Has Been A Client of Citi in Past 12 Months
For Dennis Gartman
Gartman's Canadian Fund Owns (FAX)
Gartmans' Canadian Fund Owns (PGH)