'Fast Money' Pops and Drops: Yahoo! - TheStreet

'Fast Money' Pops and Drops: Yahoo!

A trader calls Jerry Yang the worst CEO of the year.
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Here's what traders had to say in the "Pops and Drops" segment of CNBC's "Fast Money" show.

Pops

American Eagle Outfitters

(AEO) - Get Report

popped 3% to $15.57 after the retailer reported same-store sales that fell 5%. Finerman said "this is what happens when you have a retail with a great balance sheet."

Chico's FAS

(CHS) - Get Report

added 3% to $6.28, despite the company's announcement that same-store sales dropped 10%. Macke said this is a good opportunity to sell the stock.

Collective Brands

(PSS)

surged 11% to $17.44 after the shoe company reported good earnings. Finerman thinks it's time to take profits.

Drops

Caterpillar

(CAT) - Get Report

dropped 5% to $63.94. Adami thinks the stock is a buy at $61.

American Express

(AXP) - Get Report

fell 5% to $38.75 after Lehman Brothers cut their numbers for the credit card issuer. Finerman said she likes the name 10% lower.

Hovnanian Enterprises

(HOV) - Get Report

plunged 17% to $6.40 after the homebuilder posted a third-quarter loss that doubled last year's loss for the same period. Najarian said that's a problem.

Limited Brands

(LTD)

lost 6% to $20.70. The company announced its August same-store sales fell 7%. Macke said, "Why would you possibly want to be long this stock."

Yahoo!

(YHOO)

slipped 5% to $17.75. Adami feels that Jerry Yang is the worst CEO this year.

Lockheed Martin

(LMT) - Get Report

traded down 2% to $113.82. Najarian said it's time for a pullback with Lockheed.

The Gap

(GPS) - Get Report

shed 4% to $19.14. The retailer said same-stores sales dropped 8% for August. Adami thinks the stock is a buy at $17.50.

Ciena

(CIEN) - Get Report

plunged 24% to $13.09 after the telecom equipment maker issued a weak outlook and warned of order delays. Najarian told viewers to "stay away."

Abercrombie & Fitch

(ANF) - Get Report

dropped 6% to $50.99 after the retailer's August sales disappointed Wall Street. Macke said, it's a tough market for expensive clothes with the bad economy.

This article was written by a staff member of TheStreet.com.