Airlines (XAL) popped 7%. With crude dropping to a 2 month low investors turned bullish on the airlines sector. - That's a big pop, says Pete Najarian.
Sprint (S) popped 10%. Citi upgraded the company to 'buy' from 'hold' partly due to a belief it could strike a deal with T-Mobile. - I like the name, says Guy Adami.
UnitedHealth (UNH) popped 11%. This and other health insurance stocks climbed on news out of Washington that a public option might be off the table. - Cigna and Wellpoint are also worth a look, says Joe Terranova.
Suntech (STP) popped 10%. Barclays upgraded this stock as well as rival Sunpower saying they expect strong demand for solar to continue into the first half of 2010. - I like TSL better, says Guy Adami.
DROPS (stocks that slid lower)
Kroger (KR) dropped 11%. The supermarket reported disappointing earnings due to deflation, increased competitive activity, and cautious spending behavior from its customers. - If you want to be in the space, play it with Walmart, says Karen Finerman.
Eli Lilly (LLY) dropped 6%. JPMorgan said its long term outlook is shaky and could see margin erosion. - Keep an eye on this stock, says Pete Najarian. It may get too cheap.
Activision (ATVI) dropped 3%. The NPD Group reported sales of equipment and software fell 7.6% in November. - But in the space I think GameStop had some positive news, adds Karen Finerman.
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Trader disclosure: On Dec. 11th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Najarian Owns (AAPL) Calls; Najarian Owns (BAC); Najarian Owns (DELL) Calls; Najarian Owns (FCX) Call Spread; Najarian Owns (GE) Calls; Najarian Owns (GCI) Call Spread; Najarian Owns (INTC), Is Short (INTC) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (UUP) Calls; Najarian Owns (TXN), (TXN) Call Spread; Najarian Owns (CLF); Finerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (UNG), (KFT), (TLT); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spreads; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm Owns (CBY), (MSFT), (TGT); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (WMT); Finerman Owns (AAPL); Finerman Owns (GOOG); Finerman's Firm Owns (BSX)
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For Brian Stutland
Stutland Owns (ORCL)
For Peter Schiff
Schiff Owns Gold