TSC Staff
Before Erin Burnett started the "Pops and Drops" segment of CNBC's "Fast Money," she mentioned that Ambac Financial Group(ABK Quote - Cramer on ABK - Stock Picks) was rallying more than 12% in after-hours trading after the news that one of its subsidiaries was granted regulatory approval in Wisconsin to offer municipal bond insurance.
Burnett also highlighted ConAgra Foods(CAG Quote - Cramer on CAG - Stock Picks), which dropped 5% after the company cut its first-quarter forecast due to rising input costs. Macke said get out of ConAgra. Pops Prudential Financial(PRU Quote - Cramer on PRU - Stock Picks) popped 5% to $77.44 off a bullish story in Barron's over the weekend. Finerman said she is lukewarm on the stock. Goodyear Tire and Rubber(GT Quote - Cramer on GT - Stock Picks) jumped 4% to $20.44. Macke said it's moving up because people are buying more autos. Staples(SPLS Quote - Cramer on SPLS - Stock Picks) rose 2% to $24.77 ahead of the company's earnings report set for Tuesday. Finerman said she isn't optimistic. Carnival(CCL Quote - Cramer on CCL - Stock Picks) added 5% to $39.13. Macke said that if he were long Carnival, he would be "cruising" over to the phone to call his broker and sell his shares. Drops Gilead Sciences(GILD Quote - Cramer on GILD - Stock Picks) lost 4% to $50.28. Adami pointed out that drop was due to a downgrad out of Bank of America. He thinks the stock is a buy on any dip. Chesapeake Energy(CHK Quote - Cramer on CHK - Stock Picks) dropped 6% to $45.24 after the natural gas company announced it sold some of its assets to BP(BP Quote - Cramer on BP - Stock Picks). Najarian said that as commodities dip, this is one of those stocks that will fall with it. Bucyrus International(BUCY Quote - Cramer on BUCY - Stock Picks) plunged 10% to $62.48. Adami pointed out that the big drop was due to a call from JPMorgan which started the stock with a "neutral" rating. He says the stock is getting interesting here.
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