Merck (MRK) popped 2%. Although their '08 forecast may miss analyst estimates, investors were still bullish on the drugmaker. - I think Merck was sandbagging exclaims Pete Najarian.
Gilead (GILD) popped 4%. Shares of the biotech rallied on little new news. – Guy Adami predicts GILD will go higher still from here.
Oracle (ORCL) popped 6%. A strong recommendation from a Lehman analyst gave the software maker a pop. – Karen Finerman says a rising tide lifts all boats.
Paccar (PCAR) popped 8%.The truckmaker picked up an upgrade from Merrill Lynch. – It’s an international play worth a look, says Guy Adami.
Blyth (BTH) popped 22%. The maker of scented candles smelled like cold hard cash Wednesday. It shot up the most in over 10 years, posting an '08 forecast well ahead of estimates. – Karen Finerman says, who knew?!
Adolor (ADLR) popped 20%. Pfizer cut a $264 million deal with this biotech to develop two experimental pain drugs. – It’s a lottery ticket, says Guy Adami, but take a look.
Marriage. Cops in Jackson, Mississippi said a wedding ring saved the life of a man who was the victim of an armed robbery. Donnie Register was held up in his antique store and when the perpetrators fired a bullet, it ricocheted off his wedding ring. Although it tore through two fingers and his neck, the injury is not life threatening.
DROPS (stocks that slid lower)
Comcast (CMCSA) dropped 9%. The nation's biggest cable company fell the most in half-a-decade after cutting its 2007 forecasts for sales, new customers and cash flow. Don’t buy companies that blame outside forces “of evil” for their misses, says Jeff Macke.
MBIA'S (MBI) drops 16%. The bond insurer plunged after Moody's said downgrade likely. – Karen Finerman thinks they will be able to raise capital going forward.
IHop (IHP) dropped 3%.Shares of the pancake house, which recently acquired Applebee's, were down after a JP Morgan analyst said new estimates on the Applebee's turnaround suggest at least another two years before they return to a 'low risk, stable cash flow' position. – I like this stock and am going to take a look, says Karen Finerman.
Chico's (CHS) dropped 13%. The women's retailer slid after Tuesday’s after-hours miss. – Jeff Macke says walk away!
Western Digital (WDC) popped 8%.The world's second- largest hard-drive maker, raisied its sales and profit forecasts for the second quarter. – Pete Najarian likes this stock.
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Trader disclosure: On Dec. 5, 2007, 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), (ATVI); Pete Najarian Owns (BSC) Options, (COP) Options, (GOOG) Options, (XMSR) Options, (YHOO) Options, (TSL) Options (EMC) Options, (BIDU) Options, Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (BEAS), (BWS), (CROX), (TSO), (YHOO), (NMX), (NYX), (PLCE); Finerman's Firm Is Short (SPY), (IJR), (IYR), (IWM), (MBI); Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (MSFT) Options; GE Is The Parent Company Of CNBC