The Duggar Family - Arkansas couple welcomed 17th child into the world yesterday. Guy Adami says, “Talk about a pop!” However, he suggests a TV in the bedroom going forward.
Drops For The Week (Stocks That Slid Lower)
Apple (AAPL) dropped 8%. After riding the iPhone euphoria to the top, unconfirmed speculation about iPod production cuts took a bite out of the stock. – Guy Adami says the stock was due for a correction.
Amgen (AMGN) dropped 8%. Biotech falls to the lowest level in more than 4 years after the government restricted reimbursements for one of its top drugs. – Jon Najarian thinks the stock bounces from here. Jeff Macke says don’t buy this stock.
Countrywide (CFC) dropped 11%. The biggest mortgage lender in the land collapsed along with the rest of the housing market. – The traders are afraid of this stock.
Jones Soda (JSDA) dropped 19%. The once high-flying soft drink company fell flat on its face after earning a whopping 0 cents a share last quarter. – Jon Najarian says the stock is a buy at this level.
E*trade (ETFC) dropped 17%. Market sell-off and disappointing forecast sends the online broker reeling. Jon Najarian thinks this stock could go lower still.
Chiquita (CQB) dropped 18%. The fruit company got bruised after earning barely half what the analysts reported and amid an investigation the firm funded terrorism in South America. Jeff Macke says get out of this stock. He likes Del Monte (DLM) much more.
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Trader disclosure: On Aug 3 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Jon Najarian Owns (JNPR), (AXP), (AAPL), (BZH), (JSDA), (LEND), (NKE), (OATS), (UA), (WFMI), Is Short (HD), (WM); Macke Owns (ATVI); Finerman's Firm and Finerman Own (BAC), (C), (HD), (KALU), Finerman's Firm Owns (COP), (DVA), S&P Puts, Russell Puts; Macke Owned (ATVI) CNBC is a service of NBC Universal and Dow Jones