Following are the day’s biggest winners and losers. Find out why shares of Eastman Kodak and Procter & Gamble popped while Potash and Motorola dropped.
POPS (stocks that jumped higher)
Eastman Kodak (EK) popped 25%. Strong quarterly results from licensing deals soothed concerns about Kodak’s financial health. - Very good, says Tim Seymour.
Procter & Gamble (PG) popped 2%. The company posted a better-than-expected profit with price cuts and increased advertising bringing more shoppers back to its brands. - I like this name right now, says Pete Najarian.
Time Warner Cable (TWC) popped 2%. The company initiated a regular dividend of 40 cents per share, exceeding Wall Street expectations by almost a dime. - I think it goes higher from here, says Guy Adami.
UnitedHealth (UNH) popped 1%. This and other insurance names traded higher on a belief the President may back off reform. - If you're in this stock I'd take profits, says Pete Najarian.
DROPS (stocks that slid lower)
Potash (POT) dropped 5%. The fertilizer firm reported a 70 percent drop in quarterly earnings and issued a profit outlook well below expectations. - I'd stay away, counsels Joe Terranova.
Motorola (MOT) dropped 12%. The company forecast a loss for the current quarter due to heavy spending to bring more smartphones to the market, disappointing investors who had expected the cellphone maker to post a profit. - Not good, says Tim Seymour.
Norfolk Southern (NSC) dropped 4%. The railroad posted a 32 percent decline in quarterly profit -- worse than Wall Street expected – largely due to weak freight volumes. - I think the rails have more room to fall, says Guy Adami.
3M (MMM) dropped 2%. Despite strong earnings, investors were more focussed on their outlook which was mixed. - This is a core longer-term holding for me, says Joe Terranova.
______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.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 fastmoney@cnbc.com.
Trader disclosure: On January 27th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (AAPL) Call Spread; Najarian Owns (INTC) Calls; Najarian Owns (MS), Is Short (MS) Calls; Najarian Owns (QCOM) Call Spread; Najarian Owns (XLF) Calls; Terranova Owns (BAC), (JPM), (GS), (XOM), (HAL), (EMC), (AAPL), (DELL), (MSFT), (QCOM); Terranova Owns (XLF) Feb. Calls
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 Brian Kelly
Kanundrum Capital Owns (GLD)
Kanundrum Capital Owns April Gold Futures
Kanundrum Capital Is Short (EWY)
Kanundrum Capital Is Long U.S. Dollars vs. Short Singapore Dollar
Kanundrum Capital Is Long U.S. Dollars vs. Short Yen
Kanundrum Capital Is Long U.S. Dollars vs. Short Euro
Kanundrum Capital Is Long British Pounds vs. Short U.S. Dollars
Kelly Owns (FXE) Puts
Kelly Owns (ELX) Calls
Kelly Owns (QLGC) Calls
