Stocks On The Move: Lowes, LDK Solar...

Following are the day’s biggest winners and losers. Find out why shares of Lowes (LTR) and LDK Solar (LDK) popped while Caterpillar (CAT) and DryShips (DRYS) dropped.

POPS (stocks that jumped higher)

Lowes (LTR) popped 2%. The conglomerate will spin off its Lorillard tobacco division, which includes the Newport and Kent brands. – Jeff Macke likes the move.

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