popped 7%. Kelly said that traders should use the pop to get out of their long position.
fell 4%, but Grasso said the gold miners should hold up fine because the Fed's taper -- if it happens -- will not likely be strong enough to slow down gold's momentum.
Rumors surfaced late on Friday afternoon that
would be shipping iPhones over to China ahead of a yet-to-announced deal with
China Mobile Limited
Kelly said this is old news and the market has already begun to price in a deal between the two. He added the stock is vulnerable down to $440, but he would be a buyer on the dip.
Adami said that $465 is his downside target if the stock begins to breakdown, but added that it could run to $515 or $520 as well.
Lebenthal said he is a huge fan of the stock, because of the strong balance sheet and low valuation.
Delta Air Lines
jumped 5% after Friday's close, on the news that it will replace
in the S&P 500. Lebenthal said he continues to like the airlines, due to their profitability and strong management.
Adami said the pullback in
Church & Dwight
looks interesting after finding resistance near a double-top in the charts. He added that he would be a buyer after it pulls back slightly from this level.
For their final trades, Kelly was taking profits in
and Grasso said to buy
. Lebenthal was a buyer of
and Adami was buying
-- Written by Bret Kenwell in Petoskey, Mich.
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