Pops & Drops: Dell, Boeing...
Following are moves you might have missed. Find out why shares of Dell and Boeing popped while Massey and Children’s Place dropped.
POPS (stocks that jumped higher)
Dell (DELL) popped 2%. Perhaps investors were impressed by the company’s new 7-inch touchscreen tablet, which debuted at CES; it will run on T-Mobile's high-speed 4G network. - I don't like Dell, says Joe Terranova.
Boeing (BA) popped 2%. News from the plane maker was mixed with net orders sharply higher than they were a year ago, however on a negative note it delivered 462 planes in 2010, meeting its target for the year but down from 481 in 2009. - I'm looking for more appreciation in this name, says Anthony Scaramucci.
Toll Brothers (TOL) popped 5%. Barclays upgraded the stock to ‘Overweight’ from ‘Equal Weight’ and lifted its price target to $23 citing an expected increase in home sales in 2011. - If you're long and we get a good jobs number, I'd sell the strength, says Brian Kelly.
DROPS (stocks that slid lower)
Massey (MEE) dropped 4%. The company said when it reports earnings on February 1st, results will be hurt by lower-than-expected production and shipments and by charges related to the former CEO's retirement. - Demand is still strong, reminds Stephen Weiss, and that's what matters.
Children’s Place(PLCE) dropped 4%. Buckingham downgraded the stock to ‘Neutral’ from ‘Buy” according to a wire report. - I think the sell-off is an opportunity, says Karen Finerman. I'm long.
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our Web site send your e-mail to email@example.com.