Shifting to the energy space, Lee noted that
announced plans to slash 1 billion cubic feet of natural gas.
Dan Dicker, a senior contributor for
, said Chesapeake will need to build support from other energy companies before the cuts can make a difference in the demand structure and spark a rise in the price natural gas.
He said he's not sure whether Chesapeake CEO Aubrey McClendon can secure 6.3 billion cubic feet's worth of committements, but if he can, the move might cause natural gas prices to go up 30 to 40 cents. And that, he said, would help higher beta, small cap names like
In the final trades, Seymour said he would fade the solar rally. Najarian liked
(TTWO - Get Report)
, noting the aggressive February call action in the stock. Finerman said she would take some money off the table in Apple. And Terranova liked
(SWN - Get Report)
Written by David Tong in San Francisco.
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