Following are the day’s biggest winners and losers. Find out why shares of Waste Managment and Jones Apparel popped while Genzyme and Dean Foods dropped.
POPS (stocks that jumped higher)
3Com (COMS) popped 10%. A $2.2 billion bid from Bain Capital and Huawei Technologies appeared to be back on track, after Bain offered concessions that eased national security concerns raised by the deal. The U.S. government had been worried about giving a Chinese company access to 3Com's anti-hacking software, which is used by some government agencies. – Interesting, says Pete Najarian.
Waste Managment (WMI) popped 3%. One man's trash is another man's treasure: The nation's #1 trash hauler was able to offset declining volumes with price increases, boosting profits. – They made more with less, says Karen Finerman.
Jones Apparel Group (JNY) popped 11%. The clothing company behind the Ann Klein and Nine West brands narrowed its fourth-quarter loss. – The stock might be at a bottom, says Jeff Macke.
Volcano Corp. (VOLC) popped 17%. The full year forecast for this heart disease diagnosis firm doubled the street's expectations. – I’m surprised they’re doing well, says Pete Najarian.
Amazon.com (AMZN) popped 4%. The online retailer resisted NY Gov. Eliot Spitzer's plan to collect sales tax from online shoppers. – It’s a darn good merchant, says Jeff Macke.
Goodyear Tire (GT) popped 3%. Goodyear gained traction ahead of Thursday’s earnings. – I expect good numbers out of GT, says Guy Adami.
Bob Evans Farms (BOBE) popped 7%. The sausage maker and restaurant operator said profits were up, helped by $6.6 million in un-redeemed gift certificates and gift cards. – I like it, says Pete Najarian.
General Cable Corp. (BGC) popped 10%. The maker of wires and cables said an acquisition boosted profits 32% for the quarter. – Very good, says Karen Finerman.
Intuitive Surgical (ISRG) popped 4%. The maker of the DaVinci robotic surgical system moved higher Wednesday for no clear reason. – They’re killing the competition, says Pete Najarian.
Uno The Beagle. We told you Monday night that Uno the Beagle had won 'Best in Breed' for the hound group - the first time since 1939. Well now he's broken another barrier for his breed: Last night, Uno became the first EVER Beagle to win "Best In Show" in the history of the Westminster Kennel Club Dog Show. Initially an underdog, Uno beat out two poodles, a Sealyham terrier, a Weimeraner, an Australian shepherd and an Akita to take the top prize.
DROPS (stocks that slid lower)
Genzyme (GENZ) dropped 2%. Although it popped on the open after swinging to a 4th quarter profit, shares fizzled by the end of the day. – I like other names in this space better, says Guy Adami.
Dean Foods (DF) dropped 6%. The nation's largest dairy producer said soaring food and input costs led to a 55% drop in profits. – Go away, says Jeff Macke.
Daktronics (DAKT) dropped 10%. The maker of electronic billboards posted a forecast below analyst expectations, sending shares to a 52 week low.
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Trader disclosure: On Feb.12, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (YHOO), (DIS); Najarian Owns (BIIB), (C), (CSCO), (MCD), (MS), (MSFT), (YHOO), (XLF); Najarian Owns (AAPL) Calls; Najarian Owns (FRE) Puts; Finerman Owns (GS); Finerman's Firm Owns (AAPL), (GE), (MSFT), (WMT), (YHOO); Finerman's Firm And Finerman Own (HD); Finerman's Firm Is Short (SPY), (IJR), (IYR), (MDY), (IWM); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts