LDK Solar (LDK) popped 20%. The Chinese solar stock said an internal probe by the company's audit committee found no ”material errors” in its reported silicon inventories.
Sallie Mae (SLM) popped 5%. The student loan company rehired its old CEO, Albert L. Lord, to the chief executive post - a position he had occupied for 8 years. – This is a pop after annihilation says Karen Finerman.
Aon Corp. (AOC) popped 1%. The world's second- largest insurance broker climbed after selling two units for $2.75 billion and said it would use the proceeds to buy back shares. – Guy Adami says it’s hard to argue against this story.
Harley Davidson (HOG) popped 2%. The motorcycle maker, revved higher after it announced a 20 million share buyback. “Dead cat bounce!” exclaims Jeff Macke.
Googling yourself. A Pew Internet and American Life Project survey, released Sunday, found that 47% of Internet users have searched for themselves through Google - up from 22% in 2002.
American Eagle (AEO) popped 4%. The teen retailer got an upgrade at Bear Stearns, where the analyst predicted the stock could rise nearly 50% in 2008.
Savient Pharmaceuticals (SVNT) popped 7%. Merrill Lynch upgraded the pharma firm, after last Wednesday's revelation that the company conducted a successful trial for a treatment for gout...Yes, gout.
Ambac (ABK) popped 17%. The bond insurer rose after Moody's re-affirmed their AAA rating. – Sell the pop says Jeff Macke.
Ladies night. A lawsuit brought by a male customer against New York nightclubs Lotus and China Club, that charged "Ladies Night" was a form of discrimination, has been thrown out by a U.S. district court - calling the suit "frivolous."
DROPS (stocks that slid lower)
Caterpillar (CAT) dropped 3%. The construction equipment firm led the Dow's losers after Morgan Stanley downgraded it citing declining U.S. construction volumes. – Guy Adami says if you think the global story is in tact, you can buy.
DryShips (DRYS) dropped 14%. The shipper slapped down $162 million for a 30% percent stake in Norway's Ocean Rig (a deepwater oil driller) to diversify its business. – This could be a buying opportunity says Pete Najarian.
Illinois Tools Works (ITW) dropped 6%. The maker of tools cut its forecast, due to slowing U.S. sales.
Flowserve (FLS) dropped 6%. The maker of pumps and valves slipped on no new news.
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Trader disclosure: On Dec. 17, 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 (YHOO), (DIS); Najarian Owns (BIIB); Najarian Owns (GOOG) Options, (TGT) Options,(YHOO) Options; Finerman's Firm And Finerman Own (FLS), (GS); Finerman's Firm Owns (TSO), (VLO), (WMT), (YHOO), (AEO), (DVA); Finerman's Firm Is Short (SPY), (IWM), (IYR), (IJR), (MDY), (MBI), (SUN); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (MSFT) Calls