US Steel, Express Scripts and More Stocks on the Move
Following are stocks that were on the move, Thursday.
Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
United States Steel – Pete Najarian sees enthusiasm for the space, broadly. “The metals led this morning when the market was down but then reversed higher. I like this play a lot," he says.
Express Scripts – Jon Najarian thinks new developments have buoyed optimism. “They have a dispute going on with Walgreen but say they’re open to negotiations,” he explains.
First Solar – Zach Karabell says, just stay away. “The whole space is troubled and I would not be in it,” he says
C-TRIP.com – Brian Stutland thinks the stock was oversold. “This stock fell apart after its earnings,” he explains, “and since then the March 24 and March 25 calls have been very active.”
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Trader disclosure: On Feb. 23, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: P. Najarian is long AAPL; P. Najarian is long C; P. Najarian is long YHOO; P. Najarian is long MSFT; P. Najarian is long SCCO; P. Najarian is long SLV calls; P. Najarian is long PG calls; P. Najarian is long HPQ; J. Najarian is long AAPL call spreads; J. Najarian is long INTC call spreads; J. Najarian is long MSFT call spreads; J. Najarian is long SLV call spreads;
For Zach Karabell
Karabell is long AAPL
Karabell is long IBM
Karabell is long GOOG
River Twice is long AAPL
River Twice is long IBM
River Twice is long GOOG
River Twice is short XLF
For Brian Stutland
Stutland is long C corporate bonds
Stutland is short NFLX, short puts and long calls
Stutland is long TLT and short TLT puts
Stutland is long XLF
Stutland is short GOOG puts
Stutland is long MSFT and corporate bonds and short MSFT calls
Stutland is long CTRP
Stutland Equities is a market maker holding hedged positions in VIX futures and options
For MacNeil Curry
BoAML firm makes a market in Euro currency and Norwegian Krone
For Colin Gillis
(AAPL) Investment banking (next 3 months): BGC Financial LP and/or its affiliates, expect to receive, or intend to seek, compensation for investment banking services within the next three months from all of the companies referenced within this report.
BGC Financial LP and/or its affiliates, has not acted as lead or co-manager in a public offering of equity and/or debt securities for Apple within the last 12 months. BGC Financial LP and/or its affiliates has not received compensation for investment banking services in the last 12 months from Apple.
For Jeff Kilburg
Kilburg is long TLT
Kilburg is USO
For Ed Maguire
(SALESFORCE.COM): Credit Agricole Securities (USA) Inc and/or the analyst(s) involved in the preparation of this report have reason to know that an affiliate of Credit Agricole Securities (USA) Inc received compensation from this company for non-investment banking products/services in the past 12 months.
For Mike King
Rodman & Renshaw, LLC may make a market in the securities being discussed.
Rodman & Renshaw, LLC and/or its officers or employees may have positions in any of the securities of this (these) issuer(s).