Stocks On The Move: Mattel, Boeing...

Following are the day’s biggest winners and losers. Find out why shares of Mattel (MAT) and Boeing (BA) popped while Quiksilver (ZQK) and California Pizza Kitchen (CPKI) dropped.

POPS (stocks that jumped higher)

Mattel (MAT) popped 8%. Needham & Co. upgraded the world's largest toymaker, saying all possible headwinds (from slower consumer spending to toy recalls) had been priced into shares. – Stay away, says Jeff Macke.

Boeing (BA) popped 3%. Shares of the airplane maker climbed higher, despite the announcement of further delays in production of their 787 model. – I like this stock for valuation, says Guy Adami.

Wal-Mart (WMT) popped 1%. The world's largest retailer, came back from the dead Wednesday for no clear reason. – I think Wal-Mart has done well in this tape, says Karen Finerman.

Sun Microsystems (JAVA) popped 4%. This maker of computer servers picked-up software company "MySQL" for $1 billion...They also said profit exceeded analysts' estimates last quarter. – Hit the exit ramp, says Jeff Macke.

Rats. In a study released Wednesday, paleontologists revealed that they had discovered fossil evidence of a 1-ton rodent, thought to live in South America 4 million years ago. Dubbed "Josephoartigasia monesi" its skull alone was nearly 2 feet long. The previous rodent record holder weighed a mere 1500 pounds.

Linear Technology Corp. (LLTC) popped 4%. The chipmaker's profit beat analyst expectations -- and they raised their quarterly dividend. – Sell the pop, says Pete Najarian.

Starbucks (SBUX) popped 2%. The java chain announced it would stop carrying organic milk, but would now sell Pepsi's "Naked Juice" drinks. – Jeff Macke likes this stock.

DROPS (stocks that slid lower)

Quiksilver (ZQK) dropped 5%. The maker of wetsuits, boardshorts, and other swimwear said it sees a larger-than-expected 1st quarter loss. – Retail is having a hard time, says Pete Najarian.

California Pizza Kitchen (CPKI) dropped 18%. The pizza chain blamed its profit shortfall on slower consumer spending. – Don’t forget the high cost of cheese, adds Karen Finerman.

Scientific Games Corp. (SGMS) dropped 31%. Morgan Stanley, downgraded this maker of instant lottery tickets and betting terminals. – They lost 3 contracts in a month, says Guy Adami. Walk away.

Apple (AAPL) dropped 6%. Shares continued to fall after the new products revealed at Macworld yesterday (MacBook Air, iTunes Movie Rentals) failed to dazzle investors as much as they dazzled tech enthusiasts. – If you want to play Apple put on a call spread, says Pete Najarian.

Google (GOOG) dropped 3%. There’s word that Google will be allowed to bid in the FCC's auction of government airwaves. – Earnings are probably the next catalyst for this stock, says Guy Adami.

Conoco Phillips (COP) dropped 4%. Refiners were knocked as crude sunk toward $90. – Take a look, says Karen Finerman, it could be worth buying.

Clowns. Researchers at the University of Sheffield conducted a survey among children on their feelings about clowns -- finding that all 250 subjects (ranging in age from 4 to 16) said they didn't like them, or found them scary.

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Trader disclosure: On Jan 16, 2008, 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 (INTC), (YHOO); Najarian Owns (C), (CSCO), (BIIB), (FRE),(MCD), (TIBX); Najarian Owns (AAPL) Options, (YHOO) Options, (WM) Options; Finerman's Firm And Finerman Own (CROX); Finerman Owns (GS), (TSO), (VLO), (WMT), (YHOO); Finerman's Firm Owns (MS) Options; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns (MDY) Puts And Is Short (MDY); Finerman's Firm Owns Russell 2000 Puts And Is Short (IWM); Finerman's Firm Owns S&P 500 Puts And Is Short (SPY); Finerman's Firm Is Short (IJR), (IYR); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts