Pops (stocks that went higher)
Boeing (BA) popped 3%: The jetliner maker said it will deliver the 787 in the third-quarter. The Chicago-based company has delayed release of the 787 for seven times now, said Terranova, only now the Street understands these things take time. Terranova said he likes BA and expects it will take out its 52-week high at $76 a share.
Yum! Brands (YUM) popped 2%: The restaurant chain operator is diversifying away from its A&W and Long John Silver's brands to concentrate on expanding in China, said Edwards. She thinks that makes sense.
Cinemark Holdings (CNK) popped 2%: Morgan Stanley upgraded the motion picture company to 'equal weight' from 'under weight' and increased its price target to $20 from $17. Kelly said he likes its chart, adding that if it stays at around this level in the next few days, investors could buy shares.
Drops (stocks that went lower)
NVIDIA dropped (NVDA) 3.81%: BMO Capital downgraded the technology company to 'market perform' from 'outperform,' citing shares are fully valued at current levels, said Najarian. He would stay away from NVDA right now.
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CALL THE CLOSE
As the "Fast Money Halftime Report" came to a close, the panel guessed where the market could go and revealed how they plan to play it.
Najarian blew off concerns over Apple CEO Steve Jobs taking another medical leave of absence.
"I love Steve Jobs and I love Apple here," he said.
Terranova is also bullish Apple.
Meanwhile, both Edwards and Kelly think the market could go higher.
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Trader disclosure: On Jan. 18, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova Owns (GLD) Puts. Joe Terranova Owns (FCX) Puts. Joe Terranova Owns (UPL). Joe Terranova Owns (VRTS). Joe Terranova Owns (PVH). Joe Terranova Owns (GM). Joe Terranova Owns (CVI). Joe Terranova Owns (CNQ). Joe Terranova Owns (LTD). Joe Terranova Owns (C). Joe Terranova Owns (PEP). Jon Najarian owns (BA), is short (BA) calls. Jon Najarian owns (DE), is short (DE) calls. Jon Najarian owns (GM), is short (GM) calls. Jon Najarian owns (F), is short (F) calls. Jon Najarian owns (CBOE), is short (CBOE) calls. Jon Najarian owns (CME), is short (CME) calls. Jon Najarian owns (GS), is short (GS) calls. Jon Najarian owns (JPM), is short (JPM) calls. Jon Najarian owns (MCD), is short (MCD) calls. Jon Najarian owns (WMT), is short (WMT) calls. Jon Najarian owns (RIMM), is short (RIMM) calls.
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 (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 (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 (NCRI)
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)
PATTY EDWARDS
Edwards owns (SPY) for clients
Edwards owns (GLD) for clients
Edwards owns (SLV) for clients
Edwards owns (PGM) for clients
Edwards owns (BA) for clients
Edwards owns (AMZN) for clients
Edwards owns (F) for clients
Edwards owns (V) for clients
Edwards owns (JNJ) for clients
Edwards owns (AAPL) for clients
Edwards owns (GOOG) for clients
Edwards owns (VZ) for clients
Edwards owns (MSFT) for clients
Edwards owns (RIMM) for clients
Edwards owns (GS) for clients
Edwards owns (C) for clients
Edwards owns (GE) for clients
Edwards owns (MCD) for clients
Edwards owns (ALK) for clients
Edwards owns (TGT) for clients
BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (TAN)
Accounts Managed By Kanundrum Capital Own (IPI)
Accounts Managed By Kanundrum Capital Own (ANDE)
Accounts Managed By Kanundrum Capital Own (RKH)
Accounts Managed By Kanundrum Capital Own (YGE)
Accounts Managed By Kanundrum Capital Own (XLE)
Accounts Managed By Kanundrum Capital Own (MS)
Accounts Managed By Kanundrum Capital Own (LVS)
Accounts Managed By Kanundrum Capital Own (MON)
Accounts Managed By Kanundrum Capital Own (QLGC)
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Own (TBT)
Accounts Managed By Kanundrum Capital Are Long USD
Accounts Managed By Kanundrum Capital Are Short The Euro
Accounts Managed By Kanundrum Capital Are Short The Yen
SHAW WU
Kaufman Brothers is a market maker in (AAPL)
Kaufman Brothers is a market maker in (GOOG)
CNBC.com with wires.