Following are the week’s biggest winners and losers. Find out why shares of AT&T (T) and JetBlue (JBLU) popped while Amazon (AMZN) and Black & Decker (BDK) dropped.
POPS (stocks that jumped higher)
AT&T (T) popped 7%. Ma bell closed up for the week after the company raised its dividend, and announced a huge buyback at its analyst meeting.
JetBlue (JBLU) popped 2%. The airline received a $300 million bid from Lufthansa for 19% of the company. Shares settled down after they spiked 25% higher mid-day Thursday.
Evergreen Solar (ESLR) popped 17%. This solar name scorched higher after a UBS upgrade. This stock is probably ahead of itself, said Pete Najarian. If you made money in solar, take profits he added.
Kiteboarding. Forget the golf course, the new "networking sport" for CEOs and other executives is "Kiteboarding." (It's like windsurfing with a kite instead of a sail). To see more on the new sport, catch High Net Worth Tonight at 8:30PM right here on CNBC.
Glow In The Dark Cats. A team of South Korean scientists created the animals by cloning cats with red fluorescence protein in their skin tissue. The protein glows when exposed to ultraviolet light. The team says the research will help further the understanding of genetic diseases.
DROPS (stocks that slid lower)
Amazon (AMZN) dropped 5%. The high-flying online retailer, slid after ComScore said internet holiday spending was slowing.
Black & Decker (BDK) dropped 10%. The maker of electric saws and more cut it’s Q4 outlook. – Guy Adami said the stock is starting to look interesting.
Homebuilders ETF (XHB) dropped 7%. The Homebuilders Index dropped as housing stocks tumbled after the Fed failed to inspire investors.
Yahoo (YHOO) dropped 6%. The search engine finished lower this week for no clear reason. – Things might not be turning for Yahoo! suggested Pete Najarian.
Quicksilver (ZQK) dropped 15%. The maker of snowboarding and surfing gear wiped out after lowering its outlook. Stay away, said Jeff Macke.
Leap Wireless (LEAP) dropped 19%. The low-cost wireless carrier said it plans to buy Hargray Communication for $30 million, however it bounced a on positive earnings. – Ouch, exclaimed Karen Finerman.
Ambac (ABK) dropped 15%. The bond insurer struggled to keep its AAA rating, and took out insurance on $29 billion in securities it guarantees.
Nordstrom (JWN) dropped 10%. The department store chain trickled lower as the holiday season grinds on.
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Trader disclosure: On Dec. 14, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian owns (CSCO), (BIIB),Najarian owns (BSC) options, (TSO) Options, (TT) Options, (GOOG) Options, (YHOO) Options; Finerman's Firm Owns (GS), (VLO), (TSO), (WMT), (YHOO), (TWX),(INTC); Finerman's Firm Is Short (IWM), (IYR), (SPY), (IJR), (MBI); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts