was the first stock on the show's "Pops & Drops" segment. Finerman said it's a great stock and always performs well.
dropped 3% on Thursday. Kelly said the stock got hit on a bad market day and that there should be support near $16.
will go higher and he is sticking with the name.
dropped 1.5%. Hickey said the firm's stock portfolio has underperformed the
and is likely responsible for some of the selling pressure.
Jos. A. Bank Clothiers
missed earnings. Finerman said that she loves the stock but the selloff gives the activist investors a stronger hand.
On the show's "Street Fight" segment, Hickey defended the homebuilders, saying the negativity is too high. He added that the situation is a "win-win" because although rising interest rates will hurt housing demand, it also means the economy is improving, meaning consumers can afford housing. If the economy doesn't improve, the
will continue quantitative easing and rates will stay low.
Kelly took the bear side and said that sellers are selling for a reason: They feel the cash is more valuable than the asset. He added that rising interest will continue to hurt demand and that's reflective in the plunging mortgage applications. He added that traders could short on a rip higher.
Gold and silver saw strong pops to the upside on Thursday and Kelly said he thinks we'll get a better idea for how the trend will develop for metals over the next couple of days. He added that silver is much more volatile and that it's the best option for traders.
seems desperate at this point and wouldn't be surprised if there was a "takeunder," or an offer at a price less than its current market price.
Grasso said he's not a huge fan of the solar sector, and would take a pass on
and go with
Kelly said he is still short Treasury notes and that the long
ProShares UltraShort 20+ Year Treasury ETF
trade can continue to work.
Hickey said a down dollar is good for
, but he remains short the stock.
For their final trades, Finerman took a long position in
SPDR S&P MidCap 400 ETF
via short puts and Grasso said to buy
. Hickey was a buyer of
and Kelly said he was a seller of
-- Written by Bret Kenwell in Petoskey, Mich.
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