POPS&DROPS
POPS-Altria (MO) rose 6% after Barron’s said the stock was undervalued. and Karen Finerman said this market doesn’t keep people from smoking. Yahoo! (YHOO) popped 10%. Najarian disclosed he owns call options on Yahoo!. Gilead (GILD) jumped 5% ahead of its earnings report set for next week. Adami said he likes the stock.
DROPS- Chesapeake Energy (CHK) dropped 5%. Najarian said it moved later in the week. CME Group (CME) plunged 11%. Macke had nothing nice to say about the exchange stock. Wachovia (WB) plunged 22% after RBC Capital Markets lowered its price target on the name. Adami said buy the stock if the cut the dividend. MGM Mirage (MGM) fell 14%. DineEquity (DIN) dropped 22% after the company lowered its 2008 sales forecast. Finerman said said Applebee’s performance is hurting the stock. EMC (EMC) plunged 15% afte VMWare (VMW) said its CEO was leaving the company and lowered its 2008 guidance. Adami said nothing is working for EMC. Najarian said that Tesoro’s (TSO) fell 15%. Njarian explaiend that the run in oil doesn’t help them.
Final Trade
Adami picked Johnson & Johnson (JNJ). Finerman likes Pilgrim’s Pride (PDE). Najarian selected McDonald’s (MCD). Macke congratulated all the longs in Anheuser-Bush (BUD).