Pops & Drops: Amazon, Sears...

Following are the week’s biggest winners and losers. Find out why shares of Amazon and Sears popped while Beoing and Alcoa dropped.

POPS (stocks that jumped higher)

Amazon.Com (AMZN) popped 13%. Barclays upgraded the company to “overweight” from “equal weight,” citing reduced competition. – Cyber Monday was good for them, says Pete Najarian.

Sears (SHLD) popped 29%. The largest US department store soared this week after it announced a $500 million stock buyback. – It seems strange when they could buy back debt, says Zach Karabell.

Lennar (LEN) popped 27%. This homebuilder along with the entire sector rallied after CNBC confirmed that the Treasury was exploring initiatives to lower mortgage rates. – If you want to play the space look at Home Depot, counsels Guy Adami.

Constellation Energy Group (CEG) popped 13%. Electricite de France offered to buy half the company’s nuclear business for $4.5 billion. – That’s a nice pop, says Pete Najarian.

Saks (SKS) popped 23%. The high-end department store reported same-store sales that were better than expected. –Tim Seymour doesn’t know what to say.

Prudential Financial (PRU) popped 31%. The second-largest US life insurer popped after rival Hartford Financial lifted its full-year forecast. – Some financials are in better shape than we think, says Zach Karabell.

DROPS (stocks that slid lower)

Boeing (BA) dropped 7%. The WSJ reported the aviation giant may, once again, delay the first deliveries of the 787 by at least 6 months. – We landed on the moon in 1969, exclaims Guy Adami. What’s the problem?!

Freeport-McMoRan (FCX) dropped 30%. The metal miner dropped as copper prices plummeted this week. The firm also suspended its dividend and scaled back production. – I like this stock, says Tim Seymour.

Alcoa (AA) dropped 24%. Deutsche Bank said mining stocks and metal companies will start to slash dividends.

Oil Service Holdrs ETF (OIH) dropped 23%. Merrill Lynch predicted oil could drop to $25 a barrel.

Total SA (TOT) dropped 10%. Europe’s third-largest oil company dropped this week after ditching plans to acquire Nexen.

Big Lots (BIG) dropped 9%. The firm lowered its earnings forecast for the current fiscal year after last quarter’s sales fell.





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Trader disclosure: On Dec. 3rd, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Pete Najarian Owns (AMR) And Is Short (AMR) Calls; Pete Najarian Owns (FCX) And Is Short (FCX) Calls; Pete Najarian Owns (HIG) Calls; Pete Najarian Owns (UYG); Pete Najarian Owns (SBUX) Calls; Karabell Owns (AAPL), (FCX), (GLD), (GOOG), (JPM), (UYG), (DRYS); Seymour Owns (AAPL), (BAC), (F), (MER); Seygem Asset Management Owns (FCX)

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