Pops & Drops: Goldman Sachs, Chesapeake Energy...

Following are the day’s biggest winners and losers. Find out why shares of Goldman Sachs and Ford popped while Chesapeake Energy and eBay dropped.

POPS (stocks that jumped higher)

Goldman Sachs (GS) popped 3%. New York State's banking department approved Goldman's application for a state charter as the financial giant bucks the trend of major commercial banks seeking federal charters. – The stock probably has limited upside from here, counsels Joe Terranova.

Ford (F) popped 25%. Ahead of their return to Capitol Hill, investors bid this car maker higher on a belief that they will soon receive aid.

DROPS (stocks that slid lower)

Chesapeake Energy (CHK) dropped 15%. The firm said it is looking to raise about $2 billion to finance projects and acquisitions by selling shares. – I’d stay away in the short-term, says JJ Kinahan, Chief Derivatives Strategist, Thinkorswim.com.

eBay (EBAY) dropped 2%. Argus downgraded the company to 'Hold' from 'Buy'. – People are going to sell the door busters they bought on eBay but I don’t think it benefits the stock, says Jeff Macke.

Arcelor Mittal (MT) dropped 6%. The steel maker may cut up to 9,000 job, 3% of its workforce, because demand continues to slump. – I’m cautious, says Dennis Gartman.

Apple (AAPL) dropped 2%. Analysts from UBS and Kaufman Brothers said the retailer was not being aggressive enough with its Black Friday mark downs. – I like Apple, says JJ Kinahan, Chief Derivatives Strategist, Thinkorswim.com.

Panasonic (PC) dropped 18%. The electronics maker slashed its full year profit forecast by 90%. – They’re having margin problems, says Jeff Macke.

Frontline (FRO) dropped 10%. The world's largest owner of supertankers posted third quarter profits that missed analyst estimates by 14%. – I’d be careful, says Dennis Gartman.

Amazon (AMZN) dropped 2%. Worries that consumers will not spend this holiday season continue to drag down the e-tail giant. – I think people will turn to online shopping a little closer to Christmas, says JJ Kinahan, Chief Derivatives Strategist, Thinkorswim.com. I’m bullish.

Nordstrom (JWN) dropped 2%. Despite having an upscale clientele, investors are still expecting the store to have a weak holiday shopping season.

Research In Motion (RIMM) dropped 5%. The just-released Blackberry Storm continued to receive mixed to negative reviews.

Williams-Sonoma (WSM) dropped 6%. The culinary giant just can’t convince investors that they will cook up profits this holiday season.

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Trader disclosure: On Nov. 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 (MSFT), (UUP), (GM), (TM), (WMT); Kinahan Owns (CL), (GM), (HD), (JCP), (WFC), (XLF), (YHOO), (AAPL); Dennis Gartman Owns (AAPL); Gartman Owns a Natural Gas Trust; Dennis Gartman Is Short (KSS); Terranova Is Long (DIS)

Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO: rtus Diversifier PHOLIO Owns (IGE), (DBC), (DBV)

Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.: Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (CLB), (DLR), (EPR), (EXR), (MAC), (SLB), (SKT), (UA), (IGE), (DBC), (DBV); Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights; Virtus Investment Partners Owns More Than 1% Of Shares Of Essex Property Trust Inc.; Virtus Investment Partners Owns More Than 1% Of Shares Of Corporate Office Properties Trust SBI MD

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