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Stephanie Link Eyeing This Pullback

Monday, 16 Jul 2012 | 1:45 PM ET

Following are Monday's Pops & Drops.

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

Cummins

The catalyst: Although the catalyst was unclear, the latest retail sales data suggested the US economy was facing further weakness; on the news industrials took a hit broadly.

The trade: I like it long term says Stephanie Link, director of research at TheStreet. I’m a buyer in the low $80’s.

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Barclays

The catalyst: According to published reports, Barclays told U.S. regulators as early as April 2008 that it was making artificially low London interbank offered rate submissions to avoid the perception that the British bank was struggling to fund itself.

The trade: I’m not surprised to see the stock breaks below $10, says Jon Najarian, co-founder OptionMonster.com.

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Facebook

The catalyst: No clear catalyst other than a growing belief that the upcoming technology earnings reports will be weaker than expected.

The trade: I think we’ve seen all we’re going to see from this stock until after the lock up, says Stephen Weiss, managing partner at Short Hills Capital.

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Supervalu

The catalyst: Investors may be playing the stock for a bounce after it dropped almost 50% last week, after a weaker than expected earnings report.

The trade: I’d stay away, says Simon Baker, CEO at Baker Avenue Asset Management.


Posted by CNBC's Lee Brodie

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Trader disclosure: On July 16, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephen Weiss is short JCP; Stephen Weiss is long QCOM; Jon Najarian is long AAPL; Jon Najarian is long C; Jon Najarian is long JPM; Jon Najarian is long EAT; Jon Najarian is long INTC; Jon Najarian is long CIGX; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long GLUU

For Nicole Miller Regan
The following companies have been investment banking clients of Piper Jaffray during the past 12 months BBRG
The following companies have been investment banking clients of Piper Jaffray during the past 12 months GMCR
The following companies have been investment banking clients of Piper Jaffray during the past 12 months IRG
Piper Jaffray expects to have the following companies as investment banking clients within the next three months: BAGL
Piper Jaffray expects to have the following companies as investment banking clients within the next three months: IRG
Other material conflicts of interest for Nicole Miller Regan or Piper Jaffray regarding companies in my universe for which I am aware include: IRG
Piper Jaffray received non-investment banking securities-related compensation from the following companies during the past 12 months: SONC
Piper Jaffray makes a market in the securities of the following companies, and
will buy and sell the securities of these companies on a principal basis: BAGL
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: BBRG
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: BJRI
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: BKW
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: CAKE
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: CBOU
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: CCSC
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: DNKN
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: GMCR
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: IRG
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: PEET
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: PNRA
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: RRGB
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: RUTH
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: SBUX
Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: SONC

For Anthnoy Polini
Raymond James & Associates received non-investment banking securities-related compensation within the past 12 months from C

For Robert Carroll
UBS Securities LLC makes a market in the securities and/or ADRs of this company: MAT



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