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Pops & Drops: Barrick Gold, Sirius...

Following are the day’s biggest winners and losers. Find out why shares of Barrick Gold and Ingersoll-Rand popped while the USO and Sirius dropped.

POPS (stocks that jumped higher)

Suntrust Banks (STI) popped 11%. The regional bank announced a quarterly dividend of $0.10 per share. - March calls were extremely active in this name, says Pete Najarian.

Ingersoll-Rand (IR) popped 14%. The industrial giant reported a large fourth-quarter loss, but excluding write –downs the company beat on earnings and its 2009 outlook met the Street’s expectations. - I wouldn't go running in, muses Guy Adami.

Arcelormittal (MT) popped 4%. Fourth-quarter earnings beat estimates and the company said it anticipated a demand increase in the second quarter. - I still like the steel play, says Tim Seymour.

Barrick Gold (ABX) popped 4%. The gold miner climbed as investors flocked to safety sending the underlying commodity higher. - I think it still has room to go, says Pete Najarian.

XL Capital (XL) popped 61%. The business insurer announced it will cut 10% of its workforce and slash its dividend after a disappointing earnings report.

Coca-Cola Enterprises (CCE) popped 10%. The largest soft-drink bottler beat on fourth-quarter earnings despite reporting a loss due to write-downs on its North American franchise licenses.

Rio Tinto (RTP) popped 5%. The world’s third-largest miner climbed before trading was halted on the NYSE, as it confirmed it is in talks with Chinalco.

Dean Foods (DF) popped 7%. The firm reported fourth-quarter profits surged due to lower costs.

YRC Worldwide (YRCW) popped 18%. The trucking giant reassured investors it will be able to negotiate some of its debt covenants and they will meet the mid-February deadline to announce new terms.

PF Chang’s China Bistro (PFCB) popped 2%. Fourth-quarter earnings beat estimates largely due to cost controls, but the company cuts its outlook for '09.

DROPS (stocks that slid lower)

United States Oil Fund ETF (USO) dropped 3%. Investors bid this ETF lower on skepticism that the new bank bailout would spark life into the economy. - It's tethered to the near term price of oil, explains Joe Terranova.

Ruth Madoff. According to the Massachusetts Secretary of State, Bernie’s wife withdrew $15 million from a Madoff-related brokerage firm in the weeks before her husband’s arrest. As you probably know, Madoff was arrested Dec. 11 on allegations of running a $50 billion Ponzi scheme.

Sirius XM (SIRI) dropped 52%. Shares plunged on speculation the company may need to file for bankruptcy protection.

Elevator music. The maker of those soothing elevator tunes, Muzak Holdings, filed for chapter 11 bankruptcy protection. The company has been plagued with heavy debt between $100 million and $500 million, with assets of less than $50,000. However, the company plans to continue to operate through bankruptcy reorganization and elevator riders will still get to enjoy their music between floors.




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Trader disclosure: On Feb. 11th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (CAT) Call Spread, (ENER) Call Spread, (EEM) Call Spread, (GDX) Call Spread, (GLD) Call Spread, (STI) Call Spread, (MOS) Call Spread; Najarian Owns (CHK) Put Spread; Najarian Owns (FCX) & (FCX) Calls; Najarian Owns (GS) Calls; Najarian Owns (GE) Puts; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls; Terranova Owns (DIS), (KCE), (XBI), (FXC); Terranova Owns (IBM) Call Spread; Terranova Owns (AMGN) Puts; Seymour Owns (MT), (BAC), (EEM), (FXI); Seymour's Firm Owns (VIP), (TKC); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE)