Deere (DE) popped 6% on the week. Although JPMorgan upgraded the stock to ‘Overweight’ from ‘Neutral’ the weekly gains are more likely a bet that farmers will buy more equipment in the wake of surging crop prices. - I think the stock trades up to $101, says Guy Adami.
ARM Holdings (ARMH) popped 39%. Catalysts included an RBC upgrade to ‘Outperform’ and a Barron’s article about the upgrade; both pegged to the Microsoft decision to build its next version of Windows not just on Intel and AMD processors, but also chips using the technology of ARM Holdings. - At this level I can't be a buyer, says Brian Kelly.
DROPS (stocks that slid lower)
Sprint (S) dropped 5% for the week. Investors fear that rivals Verizon and AT&T may squeeze this company, since both now offer the extremely popular iPhone on their networks. - Tough week for Sprint, says Tim Seymour.
Supervalu (SVU) dropped 14%. The grocery store chain posted a loss for its third-quarter and lowered its guidance citing weak sales and tighter margins. - It looks more like a value trap to me, says Patty Edwards.
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