Publish date:

'Fast Money' Pops and Drops: Costly Corn

The trading panel says rising costs will hurt ConAgra.

Before Erin Burnett started the "Pops and Drops" segment of CNBC's "Fast Money," she mentioned that Ambac Financial Group (ABK) was rallying more than 12% in after-hours trading after the news that one of its subsidiaries was granted regulatory approval in Wisconsin to offer municipal bond insurance.

Burnett also highlighted

ConAgra Foods

(CAG) - Get Conagra Brands, Inc. Report

, which dropped 5% after the company cut its first-quarter forecast due to rising input costs. Macke said get out of ConAgra.


Prudential Financial

(PRU) - Get Prudential Financial, Inc. Report

popped 5% to $77.44 off a bullish story in Barron's over the weekend. Finerman said she is lukewarm on the stock.

Goodyear Tire and Rubber

(GT) - Get Goodyear Tire & Rubber Company Report

jumped 4% to $20.44. Macke said it's moving up because people are buying more autos.



rose 2% to $24.77 ahead of the company's earnings report set for Tuesday. Finerman said she isn't optimistic.


TheStreet Recommends

(CCL) - Get Carnival Corporation Report

added 5% to $39.13. Macke said that if he were long Carnival, he would be "cruising" over to the phone to call his broker and sell his shares.


Gilead Sciences

(GILD) - Get Gilead Sciences, Inc. (GILD) Report

lost 4% to $50.28. Adami pointed out that drop was due to a downgrad out of Bank of America. He thinks the stock is a buy on any dip.

Chesapeake Energy

(CHK) - Get Chesapeake Energy Corporation Report

dropped 6% to $45.24 after the natural gas company announced it sold some of its assets to


(BP) - Get BP p.l.c. Sponsored ADR Report

. Najarian said that as commodities dip, this is one of those stocks that will fall with it.

Bucyrus International


plunged 10% to $62.48. Adami pointed out that the big drop was due to a call from JPMorgan which started the stock with a "neutral" rating. He says the stock is getting interesting here.

This article was written by a staff member of