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Facebook: Probably Bottomed, Has Bullish Catalyst - Mike Murphy

Thursday, 14 Jun 2012 | 1:22 PM ET

Following are Thursday's 'Pops & Drops.'

Find out what’s going up, what’s going down and whether CNBC's Fast Money traders would double down, fade or run in the other direction!

Facebook

The catalyst:Facebook began testing a new advertising model, intended to boost the growth of its digital ad sales.

The trade: It’s positive news and it looks like the stock may have finally bottomed, says Mike Murphy. I think it could go higher.

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Alpha Natural

The catalyst:Alpha Natural announced plans to further scale back production, with lower supply potentially putting a floor under prices.

The trade: A note from Tudor Pickering said coal names are undervalued, adds trader Steve Grasso. I’m cautious, the note has put a bid in the entire space.

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Supervalue

The catalyst: Published reports suggested that Supervalu would make a good takeout candidate for private equity.

The trade: Supervalu has a lot of debt and traffic has been weak, says trader Stephanie Link. If you’re looking for a retail trade, I’d look at Target.

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Regions Financial

The catalyst: Goldman Sachs upgraded Regions to Buy from Neutral saying it still has further upside as real estate values recover in the U.S. southeast.

The trade: I agree, says Simon Baker, I think it could have more room to run.

Halftime Pops & Drops
Insight on stocks making the biggest moves in the market today, with the Fast Money traders.



Posted by CNBC's Lee Brodie

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Trader disclosure: On June 14, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Michael Murphy is long FB; Michael Murphy is long PHM; Michael Murphy is long TGT; Michael Murphy is short WMT; Baker Ave. is long CF; Baker Ave. is long CVX; Baker Ave. is long MCD; Baker Ave. is long MSFT; Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephanie Link is long MCD; Stephanie Link is long EMC; Stephanie Link is long DVN; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long S; Steve Grasso is long VLP; Steve Grasso is long XLU

For Camilla Sutton
Nothing to Disclose

For Richard Peterson
Nothing to Disclose

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