Potash (POT) popped 5%. The firm reported a fourth-quarter profit that more than doubled on Thursday and its shares surged even though it issued weaker than expected forecasts for 2009. - I'm not sure they can hold the gains, speculates Jeff Macke.
Southwest Airlines (LUV) popped 17%. Fourth quarter earnings, excluding fuel-hedging costs, were not as bad as the Street had expected. - I love LUV just for CEO Herb Kelleher, muses Guy Adami.
UnitedHealth Group (UNH) popped 9%. The firm met earnings expectations and reiterated its full year forecast for 2009. - Their story is pretty good, says Karen Finerman.
Brinker International (EAT) popped 32%. The owner of Chili’s restaurants posted much better-than-expected quarterly results, due in part to their ability to control costs.
DROPS (stocks that slid lower)
Sony (SNE) dropped 14%. The firm forecast a full-year loss of almost $3 billion, far worse than expected, due to the slowdown in consumer spending. - I think it could go lower, muses Tim Seymour.
Nokia (NOK) dropped 10%. The firm offered a bleak forecast for 2009 and slashed its dividend. - Not a lot of good things here, says Tim Seymour.
eBay (EBAY) dropped 12% A weaker-than-expected forecast raised investor fears the company will not see growth any time soon in its main online auctions. - I've been cautionary on this stock for some time, says Jeff Macke.
Freeport-McMoRan (FCX) dropped 4%. FBR downgraded the firm to “underperform” from “market perform.” - It's a volatile space, says Guy Adami.
Barclays (BCS) dropped 18%. The U.K. bank continued to slide on concerns of nationalization. - I think they need more capital, says Tim Seymour. The question is do they get it from the government.
Fifth Third Bancorp (FITB) dropped 29%. Ohio’s second-largest bank posted a quarterly loss of $2.2 billion, its third straight loss. - Not good, says Karen Finerman.
Jacobs Engineering (JEC) dropped 12%. The engineering firm slid after one of its most important clients, Suncor Energy, slashed its 2009 spending.
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Trader disclosure: On Jan. 22nd, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AAPL), (BAC), (EEM), (F), (FXI); Macke Owns (MCD), (BAC), (C), (TM), (SDS); Adami Owns (AGU), (C), (BTU), (GS), (INTC), (MSFT), (NUE); Finerman's Firm Owns (MSFT), (UNH), (AET); Finerman's Firm Owns (DNA) & (DNA) Call Spread; Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (USO), (ANF)