Pops & Drops
Pops - Archer Daniels Midland(ADM Quote) traded up 7% on a strong profits report. Najarian points out what a great opportunity to sell ADM. Jacobs Engineering Group(JEC Quote) traded up 5% after profits rose 43%. Adami declares the infrastructure build out story is still real. XM Satellite Radio(XMSR Quote) traded up 12% on speculation that the merger with Sirius could get done by year end. Macke still likes Sirius Satellite Radio(SIRI Quote) more. IndyMac Bancorp(IMB Quote) traded up 10% after the CEO said the company would survive the mortgage blowup. Finerman reminds viewers they don't know what they are getting with IMB, so stay away. Church & Dwight(CHD Quote) traded up 9% after posting a 34% jump in profits. Adami suggests it's a bit rich on valuation after the move, so it's best to wait for a pullback in order to buy it. MasterCard(MA Quote) traded up 7% after Deutsche Bank upgraded the stock and slapped a $250 price target on the credit card name. Finerman predicts MA has more to go on the upside. Beazer Homes USA(BZH Quote) trades up 10% after shareholders demand the CEO be fired. Even after that, Finerman wouldn't be long BZH. Tenet Healthcare(THC Quote) popped 22% as revenues per patient rose 8%. Najarian reminded investors that THC was at $8 not long ago. Drops- NBTY(NTY Quote) fell 5%. Macke maintains these guys are suffering.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
Oil *
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6.40
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UP
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