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Pops & Drops: Infosys, Cheesecake Factory...

Following are the day’s biggest winners and losers. Find out why shares of Infosys and Cheesecake Factory popped while Petrobras and Gap dropped.

POPS (stocks that jumped higher)

Infosys (INFY) popped 5%. The tech giant said it’s stronger than expected results were due to recovering demand in the US. - I like this stock with a $53 stop, says Joe Terranova.

Cheesecake Factory (CAKE) popped 6%. The restaurant chain said earnings growth should be between 4% and 12% in 2010. - I'd stay away from this stock, says Karen Finerman, but I like their food.

Federal Reserve. According to calculations by The Washington Post, the Federal Reserve booked a $4 Billion profit last year, the highest earnings in its 96-year history. Much of the profit came from Fed bond purchases aimed at driving down interest rates. However, Ben Bernanke still brings in a salary less than $200,000 a year with no bonus

DROPS (stocks that slid lower)

Petrobras (PBR) dropped 2%. The Brazil based oil giant moved in tandem with the spot price of oil, lower. - Look at this stock as a high beta emerging markets bellwether, says Tim Seymour.

Gap (GPS) dropped 3%. Goldman Sachs cut the retailer to sell from neutral saying few factors will boost profits in the near-term. - That's no good, says Karen Finerman.

Electronic Arts (ERTS) dropped 8%. The video game maker reduced its full year outlook for the second time in 2 months. - Around $15 the stock looks interesting to me, says Pete Najarian. But until then, stay away.

Brazil ETF (EWZ) dropped 2%. Weakness in commodities dragged down this ETF which tracks the largest companies based in Brazil. - It's a vehicle for hedge funds, says Tim Seymour.

CIT (CIT) dropped 1%. Published reports suggested former Merrill chief John Thain is in talks to become the company's new head. At first the stock popped on the news but then sold-off. - I wouldn't make a trade based on who the CEO may or may not be, says Joe Terranova.

Amgen (AMGN) dropped 2%. The biotech tweaked its full year earnings outlook to the lower end of previous projections, below estimates. - I think the stock is cheap at this level, says Pete Najarian.




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Trader disclosure: On Jan 12th, 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), (AKS), (BAC), (FXI), (GE), (INFY), (LVS), (MGM), (SBUX), (MOO), (INTC), (VALE); Seymour Is Short (TSO); Finerman's Firm Is Short (IJR), (MDY), (SPY), t (IWM); Finerman's Firm Is Short (USO); Finerman's Firm Is Short (UNG); Finerman Owns (AAPL); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman's Firm Owns (WFC) Preferred; Finerman Owns (BAC) Preferred, (BAC); Finerman Owns (JPM) Calls; Finerman's Firm Owns (MCD), (MSFT), (MSFT), (PBR), (STJ), (TGT), (TJX), (WMT), (YUM), (STJ), (BDX), (BCR), (BSX), (GOOG); Najarian Owns (AMAT) Calls; Najarian Owns (AA) Feb. Calls, Is Short (AA) Jan. Calls; Najarian Owns (CLF), Is Short (CLF) Calls; Najarian Owns (FCX), Is Short (FCX) Calls; Najarian Owns (MGM) Call Spread; Najarian Owns (MS); Najarian Owns (STJ) Calls; Terranova Is Long March British Pound Futures; Terranova Is Long Copper Backwardation: Long May 2009, Short July 2009; Terranova Is Short (AGU), (JCI), (CMA), (ICE), (ESS),(CAL); Terranova Owns (BAC), (QCOM), (MSFT), (EMC), (FTO), (XOM); Terranova Owns (XHB) March Puts; Adami Owns (GS), (INTC), (AGU), (BTU), (C), (MSFT), (NUE); Kaminsky Is Short (QQQQ)

GE Is The Parent Company Of CNBC

For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (SKT)

For Tim Seymour
Seygem Asset Management Is Short (EEM)
Seygem Asset Management Is Short (EWA)

For Geoff Meacham
J.P. Morgan Has An Investment Banking Relationship With (CELG), (AMGN), (OSIP) (ACOR), (MDVN)

Symbol
Price
 
Change
%Change
GPS
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PETR'
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CAKE
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INFY
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