Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Cheniere popped .
The catalyst: Regulators vote next week onCheniere's proposed liquefied natural gas (LNG) export plant at Sabine Pass in Louisiana.
The trade: “If the plant is approved, this company will become the sole exporter of liquefied nat gas,” says Steve Grasso. “I think that’s very bullish and I’m a buyer.”
Micron dropped .
The catalyst:S&P revised its outlook to negative from stable, citing weak memory market conditions, potential acquisition spending, and increased leverage.
The trade: “The stock traded down but not that much,” says Jon Najarian. “If it stabilizes around $7, I’m a buyer.”
Johnson Controls popped .
The catalyst:Deutsche Bank upgradedits rating on JCI from “Hold” to “Buy” with a $39 price target.
The trade: “I’m long the name,” reveals Mike Murphy. “I think estimates are way too low.”
Dow popped .
The catalyst: The company boosted its quarterly dividend 28 percent and said it expects earnings growth for the foreseeable future.
The trade: “In this space, I like Celenase,” says Pete Najarian. “Right now, that’s the name I’m in.”