'Fast Money' Pops and Drops: Chips Ahoy
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 Wednesday.
Pops
Iomega
( IOM) popped 5%. Pete Najarian said everyone's been talking about this company, and something finally happened.
Sealy
(ZZ)
was up 7%. Jeff Macke said that this is an opportunity to sell.
Sandisk
(SNDK)
up 7%. Pete Najarian said that the company raised prices overseas. The news is good for
Micron
(MU) - Get Report
and for Sandisk today.
California Pizza Kitchen
( CPKI) jumped 6%. Tim Seymour said the stock is 46% off its highs. He said he doesn't think people are rushing in here.
Drops
The Pantry
(PTRY)
dropped 26%. Adami said the stock is down 67% from June. The company guided to a loss because of hedging losses, and that accounts for the drop, he said.
Cosan
(CZZ) - Get Report
fell 2%. Tim Seymour said the company is the largest ethanol producer in Brazil, but the government is taxing them heavily. It's an interesting story, but a challenging market, he said.
Amazon.com
(AMZN) - Get Report
was down 4%. Macke said Lehman Brothers lowered estimates on the online retailer.
Visa
(V) - Get Report
slipped down 3%. Adami said the stock still has downside.
Ternium
(TX) - Get Report
gave up 10%. Seymour said that he believes the stock is overdone to the downside, but we don't know the end of the story.
Men's Wearhouse
(MW)
plummeted 7%. It's a tough time to be a retailer, Macke said.
Greenbrier
(GBX) - Get Report
was off 6%. Adami said the company is a Carl Icahn favorite. He said he likes the stock, and he recommended buying it on a pullback.
AT&T
(T) - Get Report
tumbled 2%. Najarian said that when the market started to fall, investors took profits in AT&T.