Pops & Drops: Manpower, Tempur-Pedic...
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.
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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)
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