Following are the days biggest winners and losers of the week. Find out why shares of Cisco (CSCO), Countrywide Financial (CFC) and KB Home (KBH) poppedwhile Apple (AAPL) and Tiffany & Co. (TIF) dropped.
POPS (stocks that jumped higher)
Cisco (CSCO) - Cisco is up nearly 5% on the week on strong earnings. CEO Chambers says this is the strongest global economy he's ever seen. – Pete Najarian says this stock is rockin’!
Countrywide (CFC) - Despite today's action, the nation's largest home mortgage lender finishing the week 11% higher after a steep rally on Monday and Tuesday that was impart fueled by comments by The Fed. – Jeff Macke says sell.
Freddie Mac (FRE) & Fannie Mae (FNM) - Both stocks popped, 17% and 11% respectively. The nations biggest buyers of home loans are rising on hopes that regulators will relax lending limits that will allow them to buy more loans. – Tim Seymour says Federal regulators have eased restrictions to allow them to grow their books.
KB Home (KBH) - The nation's fifth largest homebuilder jumped 15% on a week that saw many of the homebuilders rally after touching multi-year lows. – Pete Najarian says sell.
CME (CME) - It popped 7%. All that volatility means more volume. More volume equals more money. And more money equals a higher stock. – Pete Najarian says the stock is up $175 in nearly a year.
Peabody Energy (BTU) - The coal producer rose 15% after a government report said coal demand should increase this year. – Guy Adami says he’s not surprised given what Joy Global reported earlier.