plunged following its earnings report. Finerman said she expects
Jos. A. Bank Clothiers
to also trade lower because of these results.
At the TechCrunch Disrupt conference, Marissa Mayer, CEO of
, said the site is getting 800 million monthly active users, without counting
, a recent acquisition. She continued to stress that the company is focusing on mobile and finding ways to expose its potential growth.
Nathan said Yahoo! could break out with even the slightest fundamental improvement.
Grasso said the stock could break out going into the
IPO. Yahoo! owns a stake in Alibaba.
Thomas Flexner, global head of real estate at
, was a guest on the show and said rising rates could be a threat to the real estate market. However, if the 10-year Treasury yields go to 4% or 4.5%, then it could really weigh on housing demand and the commercial real estate market. He added that as debt gets more expensive to obtain, demand will go down.
For their final trades, Nathan was a buyer of
and Finerman said to buy
Bank of America
. Haugerud was a buyer of coffee and Grasso said to trim long positions.
-- Written by Bret Kenwell in Petoskey, Mich.
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