The Shaw Group (SGR) popped 10%. Third-quarter earnings beat Wall Street estimates. – They have a backlog of $16 billion, adds Pete Najarian.
Davita (DVA) popped 7%. The dialysis center provider climbed for no clear reason. – If you own this stock take some profits, says Karen Finerman. It used to be undervalued but not anymore.
Excel Technology (XLTC) popped 36%. The GSI Group announced it will buy Excel for $32 a share
Pilgrim's Pride (PPC) popped 13%. BMO Capital Markets upgraded the company to 'Outperform' from 'Market Perform.'
Children's Place (PLCE) popped 3%. The children's clothing retailer said June same-store sales beat Wall Street expectations.
DROPS (stocks that slid lower)
Marriot International (MAR) dropped 7%. The hotel operator announced second-quarter earnings dropped 24% due to a decline in travel. – The economy is not their friend, says Guy Adami.
J.C. Penney Company (JCP) dropped 10%. The department store said June same-store sales slid 2.4%. – Department stores aren’t doing so well right now, says Karen Finerman.
NYSE Euronext (NYX) dropped 2%. The big board lost ground due to investor concerns that a weaker economy means investors will trade less. – Everything seems to be going right except the stock price, says Guy Adami.
IntercontinentalExchange (ICE) dropped 11%. Legislators questioned whether commodities regulators have enough control over futures markets. – I wouldn’t touch exchanges for as long as the government wants to get into their business, says Jeff Macke.
Cox Radio (CXR) dropped 9%. Citi downgraded the broadcaster to 'Sell' from 'Hold,' citing increased near-term downside risk. – Interesting, says Guy Adami.
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