Following are the day’s biggest winners and losers. Find out why shares of Potash and NewsCorp popped while Barrick Gold and Denny’s dropped.
POPS (stocks that jumped higher)
Potash (POT) popped 4%. Goldman upgraded the fertilizer name to ‘conviction buy’ from ‘buy’ citing a recovery in demand in 2010 and last week’s sell off providing a good opportunity to get in. - I like the story, says Joe Terranova, but I'd rather be long Intrepid Potash.
NewsCorp (NWSA) popped 3%. The company's film Avator topped the box office, bringing in almost $300 million domestically. - $14.50 looks like resistance, says Guy Adami.
Chattem (CHTT) popped 33%. Sanofi agreed to buy the consumer drug maker for $1.9 billion, at a 34% premium to its close on Friday. - That's a huge takeout, muses Tim Seymour.
CVS Caremark (CVS) popped 3%. Reports that health care reform had advanced in the Senate sparked buying in the space, broadly. - I like this stock here, reveals Karen Finerman.
DROPS (stocks that slid lower)
Barrick Gold (ABX) dropped 2%. Dollar short covering dragged down gold prices and this miner too. - I like FCX better, says Joe Terranova.
Denny’s (DENN) dropped 6%. Two key executives resigned, citing “challenging” sales and the “external operating environment” amid increasing competition. - I don't like seeing people jump ship, says Guy Adami. I would not be a buyer.
E Trade Financial (ETFC) dropped 2%. The online brokerage failed to find a permanent replacement for its CEO and instead named board member Robert Druskin its interim chairman and chief.
Visa (V) dropped 2%. After last week’s rally, investors appeared to take profits.
______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your e-mail to fastmoney@cnbc.com.
Trader disclosure: On December 21st, 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), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Seymour Owns (AAPL), (AA), (BAC), (ETFC), (INTC); Finerman Owns (AAPL), (GOOG); Finerman's Firm Owns (MSFT), (NDAQ), (SKS), (TGT), (WMT), (BDX), (BCR); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (TLT); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Call Spread; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (CVS); Finerman's Firm And Finerman Own (WFC) Preferred
For Tim Seymour
Seygem Asset Management Owns (CZZ)
For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)
For Mark Mahaney
Citi Employees Own (YHOO), (GOOG)
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (YHOO), (PCLN), (NFLX), (AKAM)
Citigroup Global Markets Or Affiliates Expects To Receive/Seek Investment Banking Compensation from (EBAY) In Next 3 Months
(EBAY) Is Or In Past 12 Month Was An Investment Banking Client Of Citigroup Global Markets
(AMZN), (EBAY), (YHOO), (GOOG) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Securities-Related)
(AMZN), (EBAY), (YHOO), (GOOG), (EXPE) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Non-Securities-Related)
Citigroup Global Markets Is A Market Maker In (AMZN), (EBAY), (YHOO), (EXPE), (PCLN), (NFLX), (AKAM), (GOOG)
Citigroup Global markets And/Or Affiliates Has A Significant Financial Interest In Relation To (EBAY), (YHOO), (EXPE), (GOOG)
Citigroup Global Markets Or Affiliates Owns 2% Or More Of (YHOO)
For Gene Munster
Piper Jaffray Is A Market Maker In (AAPL), (GOOG), (YHOO), (AMZN), (EBAY)
