Here's what traders had to say in the "Pops and Drops" segment of CNBC's "Fast Money" show.
Pops American Eagle Outfitters(AEO Quote) popped 3% to $15.57 after the retailer reported same-store sales that fell 5%. Finerman said "this is what happens when you have a retail with a great balance sheet." Chico's FAS(CHS Quote) added 3% to $6.28, despite the company's announcement that same-store sales dropped 10%. Macke said this is a good opportunity to sell the stock. Collective Brands(PSS Quote) surged 11% to $17.44 after the shoe company reported good earnings. Finerman thinks it's time to take profits. Drops Caterpillar(CAT Quote) dropped 5% to $63.94. Adami thinks the stock is a buy at $61. American Express(AXP Quote) fell 5% to $38.75 after Lehman Brothers cut their numbers for the credit card issuer. Finerman said she likes the name 10% lower. Hovnanian Enterprises(HOV Quote) plunged 17% to $6.40 after the homebuilder posted a third-quarter loss that doubled last year's loss for the same period. Najarian said that's a problem. Limited Brands(LTD Quote) lost 6% to $20.70. The company announced its August same-store sales fell 7%. Macke said, "Why would you possibly want to be long this stock." Yahoo!(YHOO Quote) slipped 5% to $17.75. Adami feels that Jerry Yang is the worst CEO this year. Lockheed Martin(LMT Quote) traded down 2% to $113.82. Najarian said it's time for a pullback with Lockheed. The Gap(GPS Quote) shed 4% to $19.14. The retailer said same-stores sales dropped 8% for August. Adami thinks the stock is a buy at $17.50. Ciena(CIEN Quote) plunged 24% to $13.09 after the telecom equipment maker issued a weak outlook and warned of order delays. Najarian told viewers to "stay away." Abercrombie & Fitch(ANF Quote) dropped 6% to $50.99 after the retailer's August sales disappointed Wall Street. Macke said, it's a tough market for expensive clothes with the bad economy.- Loading Comments...
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