Following are the day’s biggest winners and losers. Find out why shares of Bank Of America and the airlines popped while Hot Topic and GameStop dropped.
POPS (stocks that jumped higher)
Bank Of America (BAC) popped 3%. Credit Suisse upgraded the stock to ‘Outperform’ from ‘Neutral’ saying the banks decision to repay TARP "relieves a significant overhang on its shares." - I'd be a buyer, says Karen Finerman.
Airlines (XAL) popped 2%. The 19 largest U.S. airlines reported that 88.6% of their flights arrived on time, a new record. - Until we start to see fare discounting, I expect the trade to work, says Gary Kaminsky.
The Buckle (BKE) popped 5%. Better than expected same store sales sent shares of this specialty store higher. - Not too shabby, says Tim Seymour.
Boeing (BA) popped 4%. The aerospace giant said it delivered 29% more aircraft in 2009 than in 2008. - I can't get on board, says Karen Finerman.
Lennar (LEN) popped 13%. The homebuilder posted its first quarterly profit in almost three years. - I don't like the space, says Gary Kaminsky.
Infospace (INSP) popped 22%. The company raised its fourth-quarter revenue and pretax income outlook, helped by strong volumes from existing customers and newly launched accounts. - I really like this name, says Joe Terranova.
Vivus (VVUS) popped 11%. Trials of the company’s experiment weight-loss drug showed it reduced sleep apnea. - Very impressive, says Tim Seymour.
DROPS (stocks that slid lower)
Hot Topic (HOTT) dropped 8%. The teen retailer reported a double digit decline in same stores sales and cut its outlook. - This stock is not getting it done, says Joe Terranova.
GameStop (GME) dropped 15%. The company’s stock declined the most in seven years after fourth-quarter earnings fell short of estimates, largely due to disappointing holiday sales.
Got something to to say? Send us an e-mail at email@example.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 .
Trader disclosure: On January 7th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Kaminsky Is Short (QQQQ); Finerman's Firm Owns (GME), (MSFT), (PLCE), (WMT); Finerman's Firm Is Short (IJR), (SPY), (IWM), (MDY), (UNG), (USO); Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spread; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (GOOG); Finerman's Firm Owns (TJX); Finerman's Firm Is Short 30-Year Treasury Options; Finerman's Firm Is Short (TBT); Finerman Owns (AAPL); Terranova Owns (BAC); Terranova Is Short February Crude Oil Futures; Terranova Is Short (CMA), (SHLD); Terranova Is Long Copper Backwardation, Is Long May 2010 Futures, Is Short July 2010 Futures; Seygem Asset Management Owns (EEM) Puts, Seymour Owns (EEM), (AAPL), (AA), (BAC), (CHL), (FXI), (INTC)
Add’ls Disclosures 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 Jon Najarian
Jon Najarian Owns (APOL) Time Spread
Pete Najarian Owned (XLF) Calls Today