Pops & Drops
Pops - Freddie Mac(FRE Quote) traded up 4% after the lender exceeded its capital requirements in the third quarter. However, Adami predicts the stock is going lower. Warner Music Group(WMG Quote) traded up 2% after the record publishing firm added its catalogue to Amazon's download service. Macke implied that a bottom could be forming here for WMG. Cirrus Logic(CRUS Quote) traded up 4% after billionaire investor George Soros increased his stake to 4.6 million shares from 679,000 shares. Najarian doesn't like the industry and feels the stock will drop on Friday. Drops - Noven Pharmaceuticals(NOVN Quote) fell 1% after the firm received a tentative FDA approval for their new bipolar treatment Stavzor. Najarian explained a tentative agreement means nothing right now. Simon Properties Group(SPG Quote) fell 3%. Finerman thinks SPG is safe short. Sallie Mae(SLM Quote) fell 11% after the student loan lender announced a $2.5 billion stock sale. Macke warns investors to get out of this stock because there is no bottom. Boeing(BA Quote) fell 1% off the drop in durable goods orders. Adami commented that the stock is cheap on a valuation basis around $88.Final Trade
The team shares the trades they think have the most potential.- Macke advises taking a five-day weekend from the markets.
- Najarian recommended Archer Daniels Midland(ADM Quote).
- Adami likes Intel(INTC Quote).
- Finerman favors staying short the iShares Dow Jones U.S. Real Estate Index Fund(IYR Quote).
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
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