Following are the day’s biggest winners and losers. Find out why shares of Mastercard (MA) and Blockbuster (BBI) popped while H&R Block (HRB) and Boeing (BA) dropped.
POPS (stocks that jumped higher)
Mastercard (MA) popped 1%.The credit card company received an upgrade at Keefe, Bruyette & Woods. – Guy Adami likes this stock.
Blockbuster (BBI) popped 7%.BMO Capital markets said the video rental chain, which is down 38% year to date, had sunk to "unwarranted" lows.
McDonald's (MCD) popped 2%.The golden arches came through again Monday, after posting an 8.2% increase in same store sales. – Jeff Macke says MCD is working!
FuelCell Energy (FCEL) popped 16%. The maker of eco-friendly power plants said its 4th quarter loss was smaller than expected, and said it received orders for 4.8 megawatts from a unit of South Korean steelmaker Posco. Posco has ordered a total of 12.6 megawatts from FuelCell since March, and said sales to South Korea will increase.
Synchronoss (SNCR) popped 3%.The maker of iPhone activation software said it added a new client to its roster: Sprint-Nextel will use the company in its consumer wireless business.
Fantasy Fishing A new website, FantasyFishing.com, is offering a $1 million prize to the winner of the online competition site, which allows you to choose a roster of real-life anglers to create a fantasy team of fishermen.
DROPS (stocks that slid lower)
H&R Block (HRB) dropped 3%. The nation's biggest tax preparation company said losses sustained in Q2 had widened on write-downs related to closing its "Option One" mortgage business.
Boeing (BA) dropped 4%. The airplane maker said it was working through "wrinkles" in its 787 Dreamliner supply chain. – Guy Adami says he still likes the stock.
Medarex (MEDX) dropped 21%.The company's experimental skin care drug failed in a clinical trial. – Pete Najarian says this drop illustrates the risk investors take on with biotech.
Echostar (DISH) dropped 3%.AT&T said it would wait until 2008 to make a decision between DirectTV and Echostar to become its sole future satellite television partner.
Gray Hair In China. The Wall Street Journal reported that a new cultural norm for businessmen and politicians in China is dyeing their hair jet black, disguising their gray locks to appear more youthful.
Wyndham Worldwide (WYN) dropped 10%. The hotel and timeshare operator forecast a Q1 profit that missed estimates.
Starbucks (SBUX) dropped 4%. Goldman dropped its rating on the coffee chain to "Neutral" from "Buy" citing consumer demand and U.S. competition. – Guy Adami thinks the stock drops to $18.
Kroger (KR) dropped 6%.The biggest grocery chain in the nation said Q3 profit was up 18%, but wheat and cheese prices were higher.
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Trader disclosure: On Dec. 11, 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 (SWY), (INTC), (EMC), Najarian Owns (BIIB) Options, (CCL) Options, (CSCO) Options, (EMC) Options, (BIDU) Options, (GOOG) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (NMX), (NYX), (TXI); Finerman's Firm Owns (BIIB) Options, (MSFT) Options; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Is Short (IWM), (SPY), (IYR), (IJR), (MBI); Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; GE Is The Parent Company Of CNBC