Tyson Foods (TSN) popped 9%. This stock along with others in the sector made sharp gains after Mexico lifted its import restrictions. – Now that’s bullish, says Jeff Macke.
Alcoa (AA) popped 10%. Considering the stock is down well over 50% since September, investors gobbled up shares as a value play. – They face an inventory glut, explains Joe Terranova.
Intel (INTC) popped 4%. The chipmaker announced the launch of a new mobile quad-core chip. – I think it could pop another $1 but then I’m a seller, says Quint Tatro.
Amex Airlines Index (XAL) popped 2%. The carriers continued to trade inversely to moves in oil. – I’d look for them to pull back now, says Pete Najarian.
U. S. Steel (X) popped 8%. Investors believe government efforts to prop up GMAC and GM are bullish for this firm. – I’m a seller right here right now, says Jeff Macke.
PetroChina (PTR) popped 4%. Unrest in the Middle East buoyed China’s oil giant. – If you’re looking for an EM play look at Petrobras, says Joe Terranova.
Iron Mountain (IRM) popped 13%. The world’s largest seller of records-management services replaced UST Inc. in the S&P 500. – Don’t buy a stock because it’s been added to the S&P, says Quint Tatro.
DryShips (DRYS) popped 7%. Investors liked hearing that the company has cancelled acquisitions to free up cash. – I’d take some profits, says Pete Najarian.
Caterpillar (CAT) popped 3%. The firm bounced on speculation it could benefit from Obama’s substantial infrastructure plans. – Time to take some off the table, counsels Jeff Macke.
DROPS (stocks that slid lower)
No drops for you today!
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Trader disclosure: On Dec. 30th, 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), (TM), (WMT): Pete Najarian Owns (AAUK) And Is Short (AAUK) Calls; Pete Najarian Owns (DOW) Call Spread; Pete Najarian Owns (XHB) Call Spread; Pete Najarian Owns (ENER) Call Spread; Tatro Owns (JPM), (WPRT); Quint Tatro Is The Principal Of Tatro Capital; Tatro Capital Owns (INTC), (SDP), (DXO), (WPRT)’ Tatro Capital Is Short (AAPL), (GOOG), (XOM), (CVX)
Terranova Owned (GS) On 6/3/08; 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
GE Is The Parent Company Of CNBC