Stocks On The Move: Audible, CVS...

Following are the day’s biggest winners and losers. Find out why shares of Audible (ADBL) and CVS Caremark (CVS) popped while Adobe (ADBE) and Cadence Design Systems (CDNS) dropped.

POPS (stocks that jumped higher)

Audible (ADBL) popped 22%. Amazon spent $300 million to buy Audible, which sells digital audiobooks. – I think they overpaid, says Jeff Macke, but they’ve cornered the book market.

CVS Caremark (CVS) popped 8%. The acquisition of pharmacy benefits manager Caremark led to a near-doubling of profits for CVS. – I’m not thrilled with this stock, says Guy Adami.

Starwood Hotels & Resorts (HOT) popped 6%. European travelers spent more per room, and that led to a smaller profit decline than analysts had anticipated. – Nice day for a company that hasn’t had a nice year, says Karen Finerman.

Mattel (MAT) popped 11%. The lead toy fiasco well behind them, the world's largest toy maker beat expectations on both revenues and profits. – Stay away, says Jeff Macke.

Raytheon (RTN) popped 3%. The Iraq War provided steady demand for Raytheon's night vision goggles, missiles, and mobile satellite systems; profit was up 84% for the quarter. – I like this stock, says Guy Adami.

Pzena Investment Management (PZN) popped 23%. The financial services firm, run by Richard Pzena, popped mid-afternoon for no clear reason. – Good for them, says Karen Finerman.

Western Union (WU) popped 7%. The money transfer giant said foreign exchange transactions sent profit up 12%

JetBlue (JBLU) popped 9%. The airline hasn't stopped gaining altitude since posting its first full-year profit in 3 years earlier this week.

DROPS (stocks that slid lower)

Adobe (ADBE) dropped 3%. A Jefferies analyst cut this software designer to "underperform" from "buy." - Only 3% drop; that’s not so bad, says Pete Najarian.

Snow In China. The worst blizzard in China in nearly 50 years is wreaking havoc on the country's transportation system.

Cadence Design Systems (CDNS) dropped 33%. Revenue figures at Cadence, which makes software that designs semiconductors, missed estimates. – They don’t have many orders, says Pete Najarian.

Tesoro (TSO) dropped 4%. The refiner posted an unexpected loss for the quarter.

Bristol Myers Squibb (BMY) dropped 1%. Another victim of subprime exposure, the drug maker said its investments in mortgage-backed securities led it to a $275 million charge.

Croatian Smurfs. A group of 400 Croatians, covered in blue paint and wearing white floppy hats, were devastated to learn that they had failed in their attempt to break a Guinness World Record. The gathering was to set the record for most Smurfs in one place, only to learn that the record was, in fact, 451 Smurfs -- leaving the Croatians short by a few dozen. The group's organizer said he had read on the internet that he only needed to get 291 Smurfs to break the record.

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Trader disclosure: On Jan 31, 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), (INTC), (ATVI); Najarian Owns (BR), (C), (CSCO), (EMC), (MS), (MSFT), (YRCW); Najarian Owns (EBAY) Calls, (CMC) Calls, (GOOG) Calls, (YHOO) Calls; Finerman Owns (GS); Finerman's Firm Owns (PZN), (TSO), (VLO), (YHOO), (BR); Finerman's Firm And Finerman Own (CROX); Finerman's Firm Is Short (SPY), (IYR), (IJR), (MDY), (CME), (WFC), (COF); Finerman's Firm And Finerman Own (HD); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts