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Pops & Drops: BHP Billiton, Yahoo...

Following are the day’s biggest winners and losers. Find out why shares of BHP Billiton and Yahoo popped while Electronic Arts and Eastman Kodak dropped.

POPS (stocks that jumped higher)

General Growth Properties (GGP) popped 3%. Pershing Square Capital's Bill Ackman bought another 18% of the debt-ridden company, after acquiring a 7.5% stake last month. – They’re clinging to life, says Karen Finerman.

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