'Fast Money Pops and Drops': U.S. Steely-Eyed
Here's what CNBC's "Fast Money" traders had to say about some of the market's biggest movers on their "Pops and Drops" segment Tuesday.
Pops
Thornburg Mortgage (TMA Quote) rocketed up 119%. Tim Seymour said the stock is nevertheless down 93% on the year. The Fed move doesn't help Thornburg, he said. U.S. Steel (X Quote) jumped 8%. Guy Adami said that if a company has pricing power in this environment, it has everything. The steel names have that power, he said. Vornado (VNO Quote) climbed 9%. Karen Finerman said it was a very nice move. With the stock down to $85 from $117 a few months ago, it needed a pop. It seems fair, she said. Inter Parfums (IPAR Quote) rose 21%. Finerman said it smells nice when you guide profit higher than expectations. India Fund (IFN Quote) ticked up 16%. Seymour said a the move was mostly short covering. Potash (POT Quote) added 9%. Adami said that you have to buy this stock on dips. JA Solar (JASO Quote) popped 18%. Pete Najarian said that ahead of earnings tomorrow several analysts issued bullish reports on the company. North American Palladium (PAL Quote) was up 10%. Seymour said he loves palladium names. He cautioned that many precious metal companies are locked into long-term contracts, so spot prices don't help.Drops
Dick's Sporting Goods (DKS Quote) dropped 1%. Adami said the great story of 2007 was not so hot in 2008.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,383.46 | 1,102.34 | 2,185.15 | 34.44 |
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