Fast Money 'Pops and Drops': Moody's Blues
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
Safeco
(SAF) - Get Saratoga Investment Corp. 6.25 % Notes 2018-31.08.25 Report
popped 46%. Karen Finerman said she was jealous of shareholders. She said she wished she owned the stock.
Raymond James Financial
(RJF) - Get Raymond James Financial Inc. Report
jumped 20%. Guy Adami said management said that it still faces headline risk but said the worst is over. He said he likes the stock.
Broadcom
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was up 16%. Pete Najarian said chips have started to come back. He said the company performed very well for the quarter.
Moody's
(MCO) - Get Moody's Corporation Report
climbed 3%. Jeff Macke said the company is only now noticing problem in financials. It's a sell, and the business model is broken, he said.
Coach
(COH)
rallied 6%. Finerman said she doesn't love the conference call. She said she wouldn't get on board here.
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Tupperware
(TUP) - Get Tupperware Brands Corporation Report
ticked up 12%. Macke said this company continues to rock despite high crude oil prices.
Drops
Gannett
(GCI) - Get Gannett Co. Inc. Report
dropped 6%. Finerman said ads are declining and newspapers face a real problem. She doesn't know the way out, she said.
Ameriprise Financial
(AMP) - Get Ameriprise Financial Inc. Report
lost 6%. Adami said the only good thing about the company was its $1.5 billion share repurchase authorization. He apologized for being wrong about the company.
XTO Energy
( XTO) fell 4%. Najarian said that after a 52-week high yesterday, the story for natural gas is still intact.
Rockwell Automation
(ROK) - Get Rockwell Automation Inc. Report
tumbled 9%. Adami said other companies such as
Manitowoc
(MTW) - Get Manitowoc Company Inc. (The) Report
are better.
Mosaic
(MOS) - Get Mosaic Company (The) Report
slipped 5%. Najarian said that the stock is down a little today, but after yesterday's rise, it's OK.
