Pops & Drops: Barrack Gold, Amazon...

Following are the day’s biggest winners and losers. Find out why shares of Barrack Gold and Standard Pacific popped while Amazon and Disney dropped.

POPS (stocks that jumped higher)

Satyam Computer Services (SAY) popped 6%. The Indian software company said it terminated an acquisition. – I’d keep an eye on this stock, counsels Pete Najarian.

Barrack Gold (ABX) popped 2%. This gold mining company as well as gold itself closed higher after Israel’s attack on the Gaza Strip left investors seeking a safe haven. – I’d sell the rally, says Joe Terranova.

Standard Pacific Corp. (SPF) popped 11%. UBS upgraded the company to “Buy” from “Neutral,” and said the company has sufficient liquidity. – I wouldn’t chase this stock, muses Guy Adami.

Carmike Cinemas (CKEC) popped 14%. Billionaire Marc Cuban reported that he has acquired a 9.4% stake in the company. – He’s jumpin’ in big, says Pete Najarian.

DROPS (stocks that slid lower)

Amazon (AMZN) dropped 5%. Retail sales this holiday season are expected to be among the worst on record although Amazon says it did well. – Look at the valuations, says Guy Adami. That’s why it was sold.

Disney (DIS) dropped 3%. Investors took profits after the studio’s new movie “Bedtime Stories,” came in second for the weekend with $28 million, just behind Marley & Me. – It was the news that they’re not making another Narnia that sent the stock lower, says Pete Najarian.

General Motors (GM) dropped 2%. Financing arm GMAC, which won Fed approval to become a bank holding company, reviewed the results of its debt exchange with bondholders. – Also, December auto sales are going to be down 42%, reminds Joe Terranova.

Cabela’s Inc. (CAB) dropped 23%. The specialty retailer of hunting and fishing gear plunged as disappointing holiday sales weighed on the sector. – I can’t hunt or fish or find any reason to get long, exclaims Jeff Macke.

Ann Taylor (ANN) dropped 12%. The retailer said it plans to shut down stores after one of the worst holiday shopping seasons in 40 years. – Not a good sign, reminds Guy Adami.

Nordstrom (JWN) dropped 3%. This department store known for luxury goods and higher prices was among the hardest hit this holiday season. – Also, they put their credit card business on the balance sheet, explains Joe Terranova.

Cal-Maine (CALM) dropped 7%. The egg producer said second-quarter profit fell 32%. – Their imput costs are going higher, says Jeff Macke.

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Trader disclosure: On Dec. 29th, 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 (DIS), (WMT), (SDS), (TM), (MSFT); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (DOW) Call Spread; Najarian Owns (MSFT) And Is Short (MSFT) Calls

GE Is The Parent Company Of CNBC

Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO; Virtus 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), (OFC), (DLR), (EXR), (IGE), (MAC), (DBC), (DBV), (SKT), (UA), (CLB); Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights