Stocks On The Move: NewsCorp, ArcelorMittal...

Following are the day’s biggest winners and losers. Find out why shares of NewsCorp (NWS) and ArcelorMittal (MT) popped while AMR Corp. (AMR) and Office Depot (ODP) dropped.

POPS (stocks that jumped higher)

NewsCorp (NWS) popped 1%. Ruper Murdoch's media empire rose as Dow Jones shareholders approved News Corp purchase.

ArcelorMittal (MT) popped 4%. The largest steelmaker in the world announced plans to buyback 44 million shares over two years.

Manitowoc (MTW) popped 10%. Higher demand for cranes led this construction equipment maker to raise its 2008 forecast.

Xinuan Real Estate Co. (XIN) popped 20%. This Chinese residential real estate developer popped in its market debut.

Cummins (CMI) popped 6%. The truck-engine maker announced its second 2-for-1 stock split this year. – Guy Adami likes this story because it’s international.

Nextest Systems Corp. (NEXT) popped 59%. This maker of semiconductor testing equipment was bought by Teradyne for $20 per share -- a total price of approximately $325 million.

Fantasy Fishing Again. We told you last night 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. However, it turns out they've upped the ante: a chance at winning $5 Million for anyone that signs up on FantasyFishing.com between now and December 28.

DROPS (stocks that slid lower)

AMR Corp. (AMR) dropped 7%.Oil surged and Morgan Stanley downgraded the airline sector. – The stock could go lower says Adami.

Office Depot (ODP) dropped 11%. The office supply chain forecast "continued erosion of sales and earnings." – Get out of this stock, says Jeff Macke.

Schering Plough (SGP) dropped 4%.A congressional panel decided to investigate Schering's handling of a clinical trial for cholesterol drug Zetia, according to the New York Times.

Belden (BDC) dropped 4%.The maker of electronic cables forecast a lower profit, tied to the company's efforts to buy-out employees over the age of 50. – Move along, says Jeff Macke.

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