Limited Brands, Cummins and Other Tradable Movers
By: Following are mid-day movers you might have missed.
Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Limited Brands
The catalyst: Although Limited Brands posted a quarterly profit that topped Wall Street's view its forecast fell short of analysts' expectations.
The trade: “This is an unforgiving market,” says Stephanie Link. “Expect the Street to sell news like this.”
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Dollar Tree
The catalyst: Although Dollar Tree posted a higher quarterly profit, much like Limited Brands, its forecast also missed expectations and investors cashed out.
The Trade: “If you’re in it, I’d wait for the next pop, then I'd take profits,” says Brian Kelly.
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Cummins
The catalyst: Investors may be taking profits in Cummins, a diesel engine manufacturer, due to fears that the crisis in Greece could ripple across the economies of Europe in unexpected ways.
The Trade: “I’m short and staying short as a comment on the entire industrial complex,” says trader Stephen Weiss.
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Posted by CNBC's Lee Brodie
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Trader disclosure: On May 17, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Stephen Weiss is long JPM; Stephen Weiss is long AIG; Stephen Weiss is long QCOM; Stephen Weiss is short JCP; Stephen Weiss is short CMI; Stephen Weiss is short AEI; Stephen Weiss is short CHK; Stephen Weiss is short FXA; Stephen Weiss is short JEC; Stephen Weiss is short X; Stephen Weiss is short MT; Brian Kelly is long Nat Gas; Brian Kelly is long FDX; Brian Kelly is long UPS; Brian Kelly is long WFC; Brian Kelly is long USG; Brian Kelly is short EUROSTOXX 50; Brian Kelly is short CAC 40; Brian Kelly is short FTSE 100
For Andy Busch
Nothing to disclose
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