Following are the week’s biggest winners and losers. Find out why shares of Ford and Take-Two popped while C.R. Bard and Palm dropped.
POPS (stocks that jumped higher)
Ford (F) popped 7%. CEO Alan Mullay said the economic storm that battered the US automotive industry forced Ford into a better position and added his firm is on a ‘clear path to profitability now.’ - I think Ford wants to go to $10, says Guy Adami.
CarMax (KMX) popped 11%. The used car seller reported a larger than expected third quarter profit due to improving sales. - The stock is up 200% this year, explains Karen Finerman. That's a lot.
Take-Two Interactive (TTWO) popped 15%. Word that Carl Icahn took an 11% stake in the company buoyed investor sentiment. - There's speculation that the company may be up for sale soon, explains Pete Najarian.
Oil Service Stocks (OIH) popped 3%. After Exxon bought XTO energy, investors bid rival firms higher on the potential of further M&A. - I wouldn't play the OIH, counsels Joe Terranova.
Celgene (CELG) popped 6%. The firm reported positive results from a late stage study involving one of its top cancer drugs.
DROPS (stocks that slid lower)
C.R. Bard (BCR) dropped 5%. The company forecast 2010 sales and earnings growth below usual targets citing continued economic pressure on hospitals.
Palm (PALM) dropped 16%. The maker of the Pre smartphone reported slow phone sales in its most recent quarter leading to speculation it may not hit current revenue targets.
Carnival (CCL) dropped 1%. The cruise line said deep discounts and slower bookings combined to drag down fourth-quarter profit by 48 percent.
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Trader disclosure: On Dec. 18th, 2009, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Pete Najarian Owns (M) Calls; Pete Najarian Owns (MS), Is Short (MS) Calls; Pete Najarian Owns (UUP) Call Spread; Pete Najarian Owns (MRVL); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (UNG); Finerman Owns (AAPL); Finerman's Firm Owns (BCR), (M), (MSFT), (NOK), (TGT), (WMT); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spread; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (WFC) Preferred; nerman's Firm And Finerman Own (FLS)
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)
For Jim Iuorio
Iuorio Owns (FXA) Calls
Iuorio Owns (SH), Owns (SDS) Calls, Is Short S&P Futures
Iuorio Owns (GIS)
Iuorio Owns (UN)
Iuorio Owns (EWC)
Iuorio Owns (FXA) Calls
Iuorio Owns (FXE) Calls
For Brian Stutland
Stutland Owns (GLD), Is Short (GLD) Dec. Call Spread, Owns (GLD) Jan. Put Spreads, Is Short (GLD) Jan. Calls
For Liz Dunn
Thomas Weisel Partners Or Affiliate Has Managed Or Co-Managed A Public Offering In Past 12 Months For (CACH), (ULTA), (LULU)
Thomas Weisel Partners Or Affiliate Has Received Investment Banking Compensation In Past 12 Months From (CACH), (ULTA), (LULU)
Thomas Weisel Partners Or Affiliate Expects To Receive/Seek Investment Banking Compensation In Next Three Months From (ANF), (ANN), (CACH), (CWTR), (ULTA), (LULU)
Thomas Weisel Partners Is A Market Maker In (CACH), (CWTR), (PSUN), (ULTA), (URBN), (LULU)
Thomas Weisel Partners Or Affiliate Has Provided In Past 12 Months Or Is Providing Investment Banking Services To (CACH), (ULTA), (LULU)