Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
The catalyst:Lorillard said first-quarter earnings fell more than the Street expected due to lower shipments of Lorillard’s Newport cigarettes.
The trade: “I love tobacco,” says Steve Cortes. “I’d take the decline as a chance to get in.”
The catalyst: Baidu set off alarm bells on Wall Street after a disappointing second-quarter revenue forecast raised doubts on its growth prospects.
The trade: “Baidu also seems fixated on cloud computing,” says Joe Terranova, "and will probably spend a lot of money on it. That suggests margins are going to struggle.”
The catalyst:Norfolk Southern reported higher quarterly profit that beat expectations, and said increases in general merchandise and intermodal revenue more than offset a drop in coal.
The trade: “I like this stock,” says Guy Adami.
The catalyst: GNC reported a sharp jump in first-quarter net income citing strength across all of its businesses.
The trade: “Nice move,” says Jon Najarian.