Palm (PALM) popped 91%. The firm unveiled its new touch-screen phone, the Pre, at the Consumer Electronics Show, to great reviews. Some analysts think this may be the product to help the company regain market share. - They were the only story out of CES, says Pete Najarian.
Petrobras (PBR) popped 4%. The Brazil based oil company popped this week, despite oil’s decline. - I'm short the name, says Tim Seymour.
Deere (DE) popped 11%. This stock as well as other ag names and grain haulers moved higher this week. - Holy smokes, they've got it going on, exclaims Pete Najarian.
Freeport-McMoRan (FCX) popped 8%. As copper prices rose so did this mining stock. - Industrial metals are rallying, muses Tim Seymour.
Monsanto (MON) popped 10%. First quarter profits more than doubled, and the company increased its 2009 profit forecast.
YRCW Worldwide (YRCW) popped 49%. S&P raised its credit rating on the company, Wachovia upgraded the stock, and new union pay cuts will save the company millions.
DROPS (stocks that slid lower)
Wells Fargo (WFC) dropped 16%. Shareholders approved the Wachovia deal however the combined company will need to start slashing jobs. - It's more of a bad financials story than a bad Well Fargo story, says Zach Karabell
Orexigen Therapeutics (OREX) dropped 15%. A new study on its Contrave obesity pill didn’t produce substantial results. - There could be more to come, muses Karen Finerman.
Coach (COH) dropped 18%. The maker of luxury leather goods reduced its second quarter profit forecast due to weak holiday sales.
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