Finerman said the next catalyst for Hospira (HSP) won't come until it reports earnings. The stock closed higher by 2%.
Goodrich Petroleum (GDP) soared 30%. Nathan found bullish options activity in the stock after a trader bought 20,000 June $22.50 call options for $3.90 per contract. The break-even point for the trade is at $26.40 per share on June expiration.
Finerman said Macy's (M) has good management and a reasonable valuation. She was a buyer at $55.
Adami said Amgen (AMGN) should trade at 17 times forward earnings, not 13 times forward earnings (which it currently does). Based on a valuation of 17 times forward earnings, the stock should be trading closer to $147.
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Finerman said investors could buy CVS Caremark (CVS) at current levels.
For their final trades, Kelly was a buyer of Microsoft MSFT with a "tight" stop-loss, while Finerman was a buyer of JPM. Nathan was a seller of the iShares MSCI Germany ETF (EWG) via long put options and Adami was buying Paychex (PAYX), which he called "dirt cheap."
-- Written by Bret Kenwell in Petoskey, Mich.