BHP Billiton (BHP) popped 9%. The world’s largest miner popped as commodities continued their climb higher. – And aren’t shareholders happy they didn’t buy RIO for all that money, adds Tim Seymour.
Yahoo (YHOO) popped 10%. CNBC reported that a large shareholder wants Yahoo to do a search deal with Microsoft. – I wonder who that large Yahoo shareholder could be, chuckles Karen Finerman.
Peabody Energy (BTU) popped 19%. This firm along with all the coal stocks moved up along with rising coal futures. – The stock is still down 75% since June, reminds Guy Adami.
Agrium (AGU) popped 11%. The company affirmed guidance for second-half earnings. – Nitrogen based fertilizer makers are holding their ground, says Tim Seymour.
Macy’s (M) popped 3%. This store along with most retailers climbed on a report that sales rose last week on deep discounts. – There are 1.4 billion people in China and no department stores there, says a disgruntled Jeff Macke.
DROPS (stocks that slid lower)
Electronic Arts (ERTS) dropped 12%. The world’s second-largest maker of video games said 2009 revenue and profits will be less than previously forecast, due to slow holiday sales. – If you want to take a flier look at this one, says Guy Adami.
Eastman Kodak (EK) dropped 8%. The firm lowered its sales and profit forecasts; it continues to struggle in the current economic environment. – I’ll take a picture at their funeral, bristles Jeff Macke.
XL Capital (XL) dropped 33%. The biggest Bermuda based insurer dropped after reporting huge investment losses, and said it is seeking a buyer. – No good, says Karen Finerman.
Nike (NKE) dropped 5%. Bank of America cut the shoe maker to “neutral” from “buy” on slowing demand. – They have inventory issues, says Guy Adami.
eBay (EBAY) dropped 3%. The world’s largest online auctioneer fell despite winning an appeals court ruling that found the firm did not violate patents for Internet billing.
Apple (AAPL) dropped 2%. A new report from Morgan Stanley says two-thirds fewer people are planning to buy computers this holiday season.
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Trader disclosure: On Dec. 10th, 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 (SDS), (MSFT), (WMT), (MCD); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Seymour Owns (AAPL), (BAC), (F), (MER); Seygem Asset Management Owns (EEM), (FXI), (RIO); Finerman's Firm Owns (DSX), (DEO), (MSFT), (MO), (PM), (RAI), (DVN), (DYN; Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM), (COF), (GNK), (SPG), (USO); GE Is The Parent Company Of CNBC