Following are the day’s biggest winners and losers. Find out why shares of Freddie Mac (FRE) and Warner Music Group (WMG) popped while Noven Pharmaceuticals (NOVN) and Simon Properties Group (SPG) dropped.
POPS (stocks that jumped higher)
Freddie Mac (FRE) popped 4%. The second-largest provider of money for U.S. home loans exceeded its capital requirements in the third quarter, after selling stock and cutting dividends. – Guy Adami doesn’t like this stock.
Warner Music Group (WMG) popped 2%. The record publishing home to P. Diddy and Led Zeppelin has added its catalogue to Amazon's download service. – Stay away, Jeff Macke says.
NFL fans. The NFL Network will share the feed from its in-house cable outlet with CBS and NBC, for this weekend's historic Patriots/Giants match-up, in which the Patriots will try to become the first team in history to complete the 16-game regular season with an undefeated record. It's the league's first three-network simulcast.
Cirrus Logic (CRUS) popped 4%. Billionaire investor George Soros increased his stake in Cirrus, which makes chips for sound equipment and PCs. Soros now owns 4.6 million shares, up from 679,000 shares. – It’s a dying industry and it will probably be a drop tomorrow says Pete Najarian.
DROPS (stocks that slid lower)
Noven Pharmaceuticals (NOVN) dropped 1%. The stock surged at the open on tentative FDA approval of its new bipolar treatment, Stavzor, but then trickled into negative territory by the close. – A tentative agreement means nothing, explains Pete Najarian.
Simon Properties Group (SPG) dropped 3%. On Wednesday Karen Finerman told you to stay away from commercial real estate firm. – I don’t like the exposure they have to retail says Karen Finerman. Stay short.
Sallie Mae (SLM) dropped 11%. The student loan lender, announced a $2.5 billion stock sale that would increase the number of outstanding shares, diluting the value of already-existing shares. – Get out of this stock, says Jeff Macke.
Boeing (BA) dropped 1%. The drop in durable goods orders was bad news for this airline maker. – I think this stock on a valuation basis is cheap, but it's getting hammered, says Guy Adami.
Reply All. Constant work-day interruptions from emails sent using the "reply all" feature are cutting down on worker productivity, says research firm Basex, which estimates the overall cost of the reduced productivity at $650 Billion per year.
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Trader disclosure: On Dec. 27, 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 (DIS), (YHOO), (INTC); Najarian Owns (C), (CSCO), (MS), (MSFT), (BIIB); Najarian Owns (YHOO) Options; Najarian Owns (CSUN) Options; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD), (FLS); Finerman's Firm Owns (PLCE), (SKS), (VLO), (YHOO); Finerman's Firm Is Short (IYR), (IJR), (SPY), (IWM), (SPG), (TCO); Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; NBC Universal Is The Parent Company Of CNBC