Following are the day’s biggest winners and losers. Find out why shares of Capital One (COF) and Potash (POT) popped while eBay (EBAY) and Wal-Mart (WMT) dropped.
POPS (stocks that jumped higher)
Capital One (COF) popped 8%. Investors brushed off Capital One's 42% profit decline and saw a brighter future for this credit card issuer. – I guess what’s in people’s wallets isn’t that bad, says Tim Seymour.
Potash (POT) popped 8%. The fertilizer name skyrocketed after profits more than doubled due to surging demand from soybean, corn, and wheat farmers. – Unbelievable company, says Guy Adami.
C.V.R.D (RIO) popped 7%. This metals and mining company led the Brazilian index higher. Incidentally, it rose the most since 2004 Thursday.
Western Digital (WDC) popped 8%. Second quarter profit at this disk maker more than doubled and its forecast exceeded analyst estimates. – A lot of good things happening here, says Guy Adami.
Fighting With Your Spouse. "Just fight it out" is the conclusion reached by a team of researchers at the University of Michigan. They claim couples who air their differences release stress and tend to live longer. The study found that 23% of couples classified as "supressive" died during the study period, whereas only 6% of "non-supressive" couples died.
Trimble (TRMB) popped 25%. After blowing away estimates for profits and sales and coupled with a $250 share buyback, this GPS navigation device maker surged higher.
Take Two Interactive (TTWO) popped 11%. Mark your calendar: "Grand Theft Auto IV" will be on store shelves on April 29th of this year. News that the controversial game would indeed be released spiked shares.
DROPS (stocks that slid lower)
eBay (EBAY) dropped 6%. The online auctioneer's CEO Meg Whitman stepped down and the company announced it was cutting auction fees for sellers on the site. – They’re losing one of the great business leaders, says Pete Najarian.
Wal-Mart (WMT) dropped 3%. CEO Lee Scott's manifesto on responsible business practices - which included selling hybrid and electric autos at their stores and forcing its suppliers to cut energy use - failed to inspire shareholders. - I still like this stock, says Karen Finerman.
Tommy Hilfiger. Sour market conditions led Apax Partners to cancel its planned IPO of Tommy Hilfiger. Apax bought the fashion brand in 2006 for $1.6 billion.
Sunpower (SPWR) dropped 7%. Fourth quarter profit at the nation's second-largest maker of solar panels was down 57%, on losses relating to writing down debt. – It’s starting to look interesting to me, says Tim Seymour.
Solarfun (SOLF) dropped 4%. The Chinese solar name moved down again. SOLF shares have lost 50% of their value since New Year's. – It’s still not fun, says Karen Finerman.
THQ Inc. (THQI) dropped 22%. The videogame company behind titles like "Frontlines: Fuel of War" and "Ratatouille: The Game" cut its sales forecast and predicted a loss.
Textron (TXT) dropped 6%. This maker of everything from golf carts to helicopters said profit was up 31% -- but it was their profit forecast that disappointed investors.
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Trader disclosure: On Jan 24, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Najarian Owns ( C), (COP), (CSCO), (EBAY); Najarian Owns (AAPL) Options, (WM) Options, (YHOO) Options; Finerman Owns (GS), (HD), (MO), (MSFT); Finerman’s Firm Owns (HD), (MO), (SUN), (TSO),(VLO),(WMT), (YHOO),(SPG); Finerman is Short (FS); Finerman is long (FS) and long (FS) puts; Tim Seymour is Owns (AA), (DELL), (INTC), (MER), (MSFT); Tim Seymour’s firm owns (AAPL), (COP)