Fast Money 'Pops and Drops': Amgen Hangs Tough
Here's what CNBC's "Fast Money" traders had to say about some of the market's biggest movers on their "Pops and Drops" segment Thursday.
Pops
Amgen
(AMGN) - Get Report
popped 6%. Jon Najarian said a judge says
Roche
can't sell its anemia drug because of patent infringement. He said Amgen has been smart to play hardball with Roche.
Home Depot
(HD) - Get Report
was up 3%. Jeff Macke said that companies are responding well to bad news. He also said he likes
Costco
(COST) - Get Report
.
Millennium Pharmaceuticals
( MLNM) rocketed 49%. Najarian said
Takeda Pharma
paid a huge premium for Millennium. He said the news is bullish for
Imclone
(IMCL)
, among others.
Westlake
(WLK) - Get Report
jumped 7%. Guy Adami said Morgan Stanley upgraded the stock. Chemical companies are huge energy users but are doing well, he said.
Siliconware Precision Industries
(SPIL)
tacked on 5%. Tim Seymour said the stock is starting to break out.
Peabody Energy
(BTU) - Get Report
rose 3%. Najarian said coal was running like crazy. He said that coal is a demand-driven story.
Western Digital
(WDC) - Get Report
climbed 5%. Adami said that the stock popped on no news today.
Dell
(DELL) - Get Report
moved up 1%. Macke said Michael Dell's return to the company as CEO has not been much of a comeback.
Drops
First Marblehead
(FMD)
dropped 3%. Don't go near it, Seymour said.
Rite Aid
(RAD) - Get Report
lost 5%. Adami said he loves CEO Mary Sammons, but he's been wrong on the stock for a long time.
Focus Media
( FMCN) went down 9%. It's still an interesting play, Seymour said.
TJX
(TJX) - Get Report
lost 4%. Macke said flat same-store sales caused a drop in the stock. That should tell you something, he said.