Pops & Drops: Ameriprise Financial, BMC Software...
Here are some moves you might have missed Thursday — Find out why shares of Ameriprise Financial popped while BMC Software dropped.
POPS (stocks that jumped higher)
Ameriprise Financial (AMP) popped 12%: The Minneapolis-based financial services company reported its second quarter income increased to $259 million from $95 million the previous year. Citing strong growth among its advice and wealth management sector as a catalyst for second quarter success.
"They really put up a good quarter actually," says Karen Finerman of Metropolitan Capital Advisors, adding that this name is definitely "worth a look."
Express Scripts (ESRX) popped 5%: The pharmacy benefits manager boosted the low-end of its full year earnings forecast after its second quarter profit beat Wall Street's average estimates. Still, Steve Grasso of Stuart Frankel has concerns over what affect health care reform will have on this play.
Moody's (MCO) popped 4%: The bond rater reported Q2 profit rose by 11%, which topped analysts' estimates. Brian Kelly of Kanundrum Capital says he wouldn't be in this stock, but is considering shorting it.
DROPS (stocks that slid lower)
BMC Software (BMC) dropped 6%: The computer program maker reported a quarterly profit that trailed the 65 cent average estimate of analysts. That's reason enough for Guy Adami of Drakon Capital to recommend staying away from this stock.
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