Pops & Drops: McDonald's, Coach...

Following are the day’s biggest winners and losers. Find out why shares of McDonald’s and US Bancorp popped while Cash America and Coach dropped.

POPS (stocks that jumped higher)

Proshares UltraShort Lehman 20 + Treasury (TBT) popped 6%. The ETF which corresponds to twice the inverse of Lehman’s 20 year Treasury index popped as investors fled bonds for stocks. - This ETF is up nicely, muses Karen Finerman.

BlackRock (BLK) popped 5%. The largest publicly traded US asset manager first dropped after missing on fourth quarter results, but rallied with the market by the end of the day. - That's impressive, says Tim Seymour.

McDonald’s (MCD) popped 3%. Goldman added Ronald and company to its conviction buy list.

US Bancorp (USB) popped 5%. Despite selling off early in the session, investors bid shares higher by the close even after a 65% decline in fourth quarter income.

PNC Financial (PNC) popped 37%. The firm said losses related to its acquisition of National City were less than previously estimated.

Comcast (CMCSA) popped 7%. The largest US cable operator made gains even as Microsoft sold its entire 7.3% stake in the company.

American Axle (AXL) popped 13%. Deutsch upgraded the firm to “hold” from “sell”, saying it is approaching bottom valuations and may recover in 2010.

DROPS (stocks that slid lower)

Coach (COH) dropped 7%. Second quarter income fell 14% on weak sales. - They're also slowing expansion, reminds Jeff Macke.

Cash America International (CSH) dropped 17%. The firm predicted a 15% decline in fourth quarter income and they cut their 2009 earnings outlook.

American Airlines (AMR) dropped 23%. American Airline’s parent AMR Corp and United Airlines’ parent UAL Corp posted wider than expected fourth-quarter losses on higher fuel costs.

United Technologies (UTX) dropped less than 1%. Profit taking sent shares lower around lunchtime, but they marched higher into the close after the firm reported fourth quarter earnings rose 8% over last year.

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Trader disclosure: On Jan. 21th, 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 (MCD), (BAC), (C), (TM), (MSFT); Seymour Owns (AAPL), (BAC), (F), (EEM), (FXI), (TSO); Finerman's Firm Owns (DNA), (AEO), (MSFT), (PM); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO); Najarian Owns (EEM) Call Spread; Najarian Owns (FCX) & (FCX) Short Calls; Najarian Owns (MS) Stock; Najarian Owns (MS) Short Calls & Short Put Spread; Najarian Owns (NVLS) Calls; Najarian Owns (PALM) Call Spread; Najarian Owns (XME) Long Calls; Najarian Owns (APPL) Call Spread; Najarian is Long (PALM) Call Spread; Najarian Owns (GGB) Long Calls