Following are the day’s biggest winners and losers. Find out why shares of New York Times Co. (NYT) and Tyson Foods (TSN) popped while Alliance Data Systems (ADS) and YRC Worldwide (YRCW) dropped.
POPS (stocks that jumped higher)
New York Times Co. (NYT) popped 10%. Two hedge funds are pressuring "The Grey Lady" into the digital age trying to force the paper into investing in more internet properties and shed some assets. – I’m skeptical, says Karen Finerman.
Tyson Foods (TSN) popped 6%. The nation's largest meat producer posted a profit that doubled Wall Street's expectations. – Take your gains, says Jeff Macke.
Angelo Mozilo. The CEO and Founder of Countrywide Financial -- the mortgage lender with a leading role in the subprime crisis -- said he would forfeit $37.5 million in severance he would receive as a result of Bank of America's purchase of Countrywide.
Sirius Satellite Radio (SIRI) popped 7%. The radio home of Howard Stern with a pending merger with XM was up Monday for no clear reason. – If you can get in under $3, I like it, says Jeff Macke.
American Eagle Outfitters (AEO) popped 8%. The young-adult retailer added 30 million shares to its share-buyback plan. – There’s nothing I like more than tons of cash, says Karen Finerman.
Wynn (WYNN) popped 6%. The Las Vegas casino company hit the jackpot after an Oppenheimer analyst said positive things about Macau growth. – I think the numbers look good, says Pete Najarian.
Golar LNG (GLNG) popped 10%. This tanker company which transports liquid natural gas was up as natural gas itself surged 2%. – I like this company, says Karen Finerman.
Potash (POT) popped 5%. The fertilizer name recaptured gains lost since New Year's “ag” sell-off. – As long as the global economy is okay these names should perform, says Pete Najarian.
Bare Ecentuals popped 14%. This maker of make-up exploded higher for no clear reason, Monday.
Trader’s Stardom Last week, it was Jon Stewart calling Pete a "sexy bald dude" on The Daily Show. Then Guy Adami was spotted on CBS Sunday Morning. And finally, Fast Money's Jeff Macke made an encore appearance on The Daily Show Thursday night.
DROPS (stocks that slid lower)
Alliance Data Systems (ADS) dropped 35%. Shares plunged after bank restrictions put Blackstone's $6.6 billion LBO of this credit card payments processor in doubt. – Stay away, says Guy Adami.
YRC Worldwide (YRCW) dropped 15%. The nation's largest trucking company reported a $736 million dollar loss. – It’s related to an anticipated slowdown in the economy, says Pete Najarian.
Societe Generale dropped 4%. "Rogue Trader" Jerome Kerviel said that exchange officials had warned Soc Gen about unusual trades as far back as November of last year.
U.S. Spy Satellite. A spy satellite launched by the U.S. which has malfunctioned is expected to drop back to earth in the next month or so. The satellite weights 10 tons, and is approximately the size of a school bus. Experts say it may burn up on re-entry, but warn the satellite is carrying hydrazine fuel which would be hazardous to anyone nearby should it touch-down somewhere on land.
Precision Castparts (PCP) dropped 6%. The metal-parts producer posted quarterly revenue a bit shy of the street's expectations.
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Trader disclosure: On Jan 28, 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 (YHOO), (EMC); Finerman Owns (GS); Finerman's Firm Owns (AEO), (GLNG), (TSO), (VLO), (YHOO), (WMT); Finerman's Firm Is Short (MDY), (IYR), (IJR), (SPY), (IWM); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Najarian Owns (C), (EMC), (MS), (MCD), (MSFT), (BIIB); Najarian Owns (AAPL) Calls, (BBY) Puts, (COP) Calls, (CTSH) Calls, (YHOO) Calls, (YRCW) Calls; Najarian Owns (DOW) Calls; GE Is The Parent Company Of CNBC