Stocks On The Move: Activision, Joy Global...

Following are the day’s biggest winners and losers. Find out why shares of Activision (ATVI) and Joy Global (JOYG) popped while Palm (PALM) and Virgin Media (VMED) dropped.

POPS (stocks that jumped higher)

Activision (ATVI) popped 2% after hours. The video game publisher raised its outlook for revenue and earnings in the third quarter, citing a strong consumer response to its holiday slate. – Own all the videogame makers, says Jeff Macke.

Joy Global (JOYG) popped 7%. The mining equipment maker popped after it predicted a strong '08, saying sales could increase by 18%.

Master Card (MA) popped 5% The credit card company first dropped at the opening after the the EU ordered it to scrap fees on card payments, but then popped 5% after it said the ruling would have little affect on earnings going forward. – Guy Adami likes this stock.

Take Two Interactive (TTWO) popped 4%. The maker of Grand Theft Auto forecast '08 profits above consensus estimates. – Don’t short the videogame makers, Jeff Macke bellows!

Videsh Sanchar (VSL) popped 22%. The global voice data provider popped after it announced Wednesday morning that it is constructing a new cable system linking Mumbai directly to Paris.

Dell (DELL) popped 1%. The computer maker popped on relatively little news. – A rising tide lifts all boats says Guy Adami. He thinks the stock is going north.

Clearwire (CLWR) popped 6%. The wireless provider popped again mysteriously.

Chemtura (CEM) popped 10%. The specialty chemical maker popped after saying it would consider "strategic alternatives." – Tim Seymour speculates they’re looking at a takeover.

DROPS (stocks that slid lower)

Palm (PALM) dropped 7%. The maker of the Treo fell 7% on disappointing earnings. – Pete Najarian is very bearish on this stock.

Virgin Media (VMED) dropped 3%. Investors spotted unusual options activity in Richard Branson's pay-tv service. – Get out of this stock says Tim Seymour.

Rambus (RMBS) dropped 5%. The chipmaker fell after the company cut its quarterly revenue forecasts. – There are too many companies in the space, Pete Najarian says.

General Mills (GIS) dropped 2%. The Food maker offered a forecast that was below expectations and suggested that inflationary pressure is worsening.

Coach (COH) dropped 2%. The luxury goods maker dropping after a Bank of America analyst noted that the company has been lowering prices for some items. – Get out of this position, says Jeff Macke.

Lynne Spears. Book by Britney's mom about parenting has been delayed indefinitely. The publisher declined to comment on whether the delay was connected to the revelation that Spears' 16 year old daughter Jamie Lynn is pregnant.

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Trader disclosure: On Dec. 19, 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 (ATVI), (DIS), (SWY); Najarian Owns (C), (MS), (ORCL); Najarian Owns (RIMM) Options; Najarian Owns (BSC) Options; Seymour Owns (MER), Seymour Owns (MSFT); Seygem Asset Management Owns (CCJ) Uranium One; NBC Universal Is The Parent Company Of CNBC