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Buyers Are Getting Interested in This Stock

Following are Tuesday'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!

Mosaic

The catalyst: The drought devastating the U.S. corn crop likely won't dent fertilizer sales, Mosaic said on Tuesday as it reported better-than-expected quarterly results.

The trade: I think the price of fertilizer will go even higher, says Tim Seymour, founder of EmergingMoney.com.

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Sprint

The catalyst:Sprint turned on its new wireless data network, providing a much-needed boost to the carrier, whose data speeds lag those of its largest competitors.

The trade: I’m seeing a lot of interest in this name, says Steve Grasso, Director of Institutional Sales Trading at Stuart Frankel.

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JCPenney


The catalyst: Analysts at Citigroup lowered their price target on shares of J.C. Penney from $40.00 to $24.00 in a research report issued to clients and investors on Tuesday.

The trade: Be careful not to price in a turnaround that hasn’t happened, says Karen Finerman, president of Metropolitan Capital.

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KBHome

The catalyst: Although the catalyst was unclear, cautious comments from Ben Bernanke about the economy certainly didn’t help the stock.

The trade: I think the sector is really stretched, says Mike Khouw, managing director and head of equity derrivatives CRT Capital. It might be time to hit the pause button on the home builders.

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Comerica

The catalyst: Comerica posted a better-than-expected quarterly profit, helped by an increase in commercial loans. Net income attributable to common shareholders rose to $142 million, or 73 cents per share. Analysts on average expected Comerica to earn 62 cents per share, according to Thomson Reuters I/B/E/S.

The trade: If you must play financials, banks with little overseas exposure such as this one are safer bets, says Stephen Weiss, managing partner at Short Hills Capital and author of “The Big Win”.


Posted by CNBC's Lee Brodie

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Trader disclosure: On July 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; Tim Seymour is long BAC; Tim Seymour is long SBUX; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long GOOG; Karen Finerman is long M; Karen Finerman is short SPY; Karen Finerman is short MDY; Karen Finerman is short IWM; Steve Weiss is long QCOM; Steve Weiss is long DVN; Steve Weiss is long T; Steve Weiss is long VZ; Steve Weiss is long WLP; Steve Weiss is long BCE; Steve Weiss is long VOD; Steve Weiss is short PCAR; Steve Weiss is short APPLE PUTS; Steve Weiss is short JCP; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long LF; 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 VLO; Steve Grasso is long XLU

For Doug Freedman
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For Ann Duignan
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