Following are moves you might have missed. Find out why shares of Yahoo and CBS popped while Borders and Motorola Mobility dropped.
POPS (stocks that jumped higher)
Yahoo (YHOO) popped 2%. Pacific Crest upgraded the stock to ‘Outperform’ from ‘Sector Perform’. - This is all about what you think the sum of the parts is, says Brian Kelly.
CBS Corp. (CBS) popped 3%. Deutsche upgraded the stock to ‘Buy’ from ‘Hold’ and lifted its price target from $18 to $23 citing strong ad sales. - But it's a difficult business, counters Zach Karabell.
Pall Corp (PLL) popped 13%. The company said Eric Krasnoff plans to retire as chairman, president and CEO by his 60th birthday next March, or earlier if a successor is found, after 17 years with the company. - Investors took the move as a signal a takeover is more likely, says Steve Cortes.
DROPS (stocks that slid lower)
Borders (BGP) dropped 14%. For the second time, the company said it needed to delay payments to vendors and landlords. - That's generally not good, says Joe Terranova.
Motorola Mobility (MMI) dropped 6%. UBS initiated coverage with a Hold rating and a $33 price target, saying the company’s long-term success is uncertain in a highly competitive wireless market. - I don't think it's the time to jump in, says Guy Adami.
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Trader disclosure: On Jan. 31, 2011, 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); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); Cortes owns (PM); Cortes owns (MO); Cortes owns (EXC); Cortes owns (MS); Cortes owns (GS); Cortes is long U.S. Treasuries; Cortes owns (TSN); Cortes is short (LVS); Cortes is short (BAC); Terranova Owns (VRTS); Terranova Owns (C); Terranova Owns (UPL); Terranova Owns (GM); Terranova Owns (PEP); Terranova Owns (MS); Terranova Owns (POT); Terranova Owns (LTD); Terranova Owns (SU); Terranova Owns (CVI); Terranova Owns (CVE); Terranova Owns (CPX); Terranova Owns (CNQ)
Comcast is the parent company of CNBC
Comcast is the parent company of NBCUniversal
GE owns 49% of NBCUniversal
GE owns 49% of CNBC
BRIAN KELLY
Accounts Managed by Kanundrum Capital Own (BAC)
Accounts Managed by Kanundrum Capital Own The Yen
Accounts Managed by Kanundrum Capital Own (TLT)
Accounts Managed by Kanundrum Capital Own (SDS)
Accounts Managed by Kanundrum Capital Own (MON)
Accounts Managed by Kanundrum Capital Own (DBA)
Accounts Managed by Kanundrum Capital Own (JJG)
Accounts Managed by Kanundrum Capital Own (DO)
Accounts Managed by Kanundrum Capital Own (RDC)
Accounts Managed by Kanundrum Capital Own (ATW)
Accounts Managed by Kanundrum Capital Are Short Australian Dollar
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)
ZACHARY KARABELL
River Twice Capital is short (HAL)
Karabell Owns (RIMM)
DENNIS GARTMAN
Funds managed by Dennis Gartman are long Gold
Funds managed by Dennis Gartman are short Yen
Funds managed by Dennis Gartman are short Euro
Funds managed by Dennis Gartman are short Sterling
Funds managed by Dennis Gartman are long Corn
Funds managed by Dennis Gartman are long Nat Gas
Funds managed by Dennis Gartman are long Swiss Franc
Funds managed by Dennis Gartman are long Canadian Dollars
Funds managed by Dennis Gartman are long Australian Dollars
Funds managed by Dennis Gartman are long Wheat
Funds managed by Dennis Gartman are long Crude
Funds managed by Dennis Gartman are long Soybeans
CRAIG BERGER HALFTIME PLAY OF THE DAY
FBRCM is a market maker or liquidity provider for (BRCM)
FAST 360
DAVID CAMPBELL, SCOTT NATIONS, CARTER WORTH
Campbell has no disclosures
Worth has no disclosures
Nations has no disclosures
DAVID RIEDEL
Riedel has no disclosures
REBECCA PATTERSON
Patterson has no disclosures
PETE NAJARIAN
Pete Najarian owns (CNI)
MIKE KHOUW
Cantor Fitzgerald & Co is a market maker in (PCX)
