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Pops & Drops: Sears, Hecla Mining

Following are moves you might have missed. Find out why shares of Sears and Hecla Miningpopped while Diana Shipping dropped.

POPS (stocks that jumped higher)

Sears (SHLD) popped 3%. Perhaps this was a technical move with this stock breaking above its 50-day moving average. - I think we're seeing a classic short squeeze, says Joe Terranova. I'd sell the move.

KBR INC. (KBR) popped 4%. BB&T upgraded the stock from ‘Hold’ to ‘Buy’ and raised its price target saying rising commodity prices should boost demand for the engineering and construction firm's services. - I think it trades up to $34, says Todd Gordon.

Hecla Mining Company (HL) popped 5%. The owner of silver mines traded in tandem with the spot price of the shiny metal. - I think gold pushed this stock higher, counters Dennis Gartman. Investors thought gold would go down on China's interest rate hike, but that didn't happen; hence the buying.

DROPS (stocks that slid lower)

Diana Shipping (DSX) dropped 4%. It appears investors didn’t like hearing this firm’s board approved the spinoff of a subsidiary. - I like the shipping sector for 2011, says Pete Najarian.




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Trader disclosure: On December 28th, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Funds Managed By Dennis Gartman Own Gold; Funds Managed By Dennis Gartman Own Wheat; Funds Managed By Dennis Gartman Own Soybeans; Funds Managed By Dennis Gartman Own Crude Oil; Funds Managed By Dennis Gartman Are Short Euro; Funds Managed By Dennis Gartman Own (NSC); Funds Managed By Dennis Gartman Own (MOS); Funds Managed By Dennis Gartman Own (RJA); Funds Managed By Dennis Gartman Own (SWC); Funds Managed By Dennis Gartman Are Short (DB); Terranova owns (UPL), (C), (PEP), (VRTS), (OXY), (GS); Pete Najarian owns (BBY) calls; Pete Najarian owns (C) stock; Pete Najarian owns (F) bonds; Pete Najarian owns (GE); Pete Najarian owns (MSFT) call spreads; Pete Najarian owns (MS); Pete Najarian owns (NKE) call spreads; Pete Najarian owns (PFE); Pete Najarian owns (RSX)

JOE TERRANOVA
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (ALK)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of (CCG)
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EPR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LPHI)
Virtus Investment Partners Owns More Than 1% Of (MGRC)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DRYS)

TODD GORDON
Gordon is long U.S. Treasuries

BRIAN KELLY
Accounts Managed by Kanundrum Capital Own (ANDE)
Accounts Managed by Kanundrum Capital Own (BG) calls
Accounts Managed by Kanundrum Capital Own (DE) call spreads
Accounts Managed by Kanundrum Capital Own (JJG)
Accounts Managed by Kanundrum Capital Own (JJC)
Accounts Managed by Kanundrum Capital Own (GLD)
Accounts Managed by Kanundrum Capital Own (GDXJ) calls
Accounts Managed by Kanundrum Capital Own (TBT)
Accounts Managed by Kanundrum Capital Own USD
Accounts Managed by Kanundrum Capital Own (BBT)
Accounts Managed by Kanundrum Capital Own (FCX)
Accounts Managed by Kanundrum Capital Own (SLV)
Accounts Managed by Kanundrum Capital Own (MCP)
Accounts Managed by Kanundrum Capital Own (LYC)
Accounts Managed by Kanundrum Capital Own (AU)
Accounts Managed by Kanundrum Capital Are Short the Euro
Accounts Managed by Kanundrum Capital Are Short the Yen
Accounts Managed By Kanundrum Capital Own (MCP) and (MCP) put spreads

JEFF HARTE
Sandler O'Neill Has Received Investment Banking Compensation From (BAC), (C), (JPM) In Past 12 Month
Sandler O'Neill Expects To Receive/Seek Investment Banking Compensation From (BAC), (BK), (C), (JEF), (JPM), (NTRS) In Next 3 Months
Sandler O'Neill Has Received Non-Investment Banking Compensation From (BAC), (C), (GS), (JPM), (MS), (NTRS)
(BAC), (BK), (C), (GS), (JPM), (MS), (NTRS) Is A Client Of Sandler O'Neill (Non-Investment Banking Securities-Related Services)
(BAC), (C), (JPM) Was An Investment Banking Client Of Sandler O'Neill
Sandler O'Neill Is A Market Maker In (NTRS)

PETER BOOCKVAR
Boockvar Is Long Commodities Through ETFs
Boockvar Is Short Treasuries Through ETFs

ANTHONY SCARAMUCCI SOT
Skybridge Capital Owned (RAI) on 6/16/2010

JOSH BROWN
Brown And His Clients Own (MOO), (DBA)

SCOTT NATIONS
Scott Nations has no disclosures

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