×

Pops & Drops: Chesapeake Energy, Valmont...

Following are moves you might have missed. Find out why shares of Chesapeake Energy and Valmont Industries popped while Seattle Genetics dropped.

POPS (stocks that jumped higher)

Chesapeake Energy (CHK) popped 7%. Ticonderoga issued a note suggesting the natural-gas driller would be worth $58 a share as a take out target. – Giddyup! says Pete Najarian.

Valmont Industries (VMI) popped 7%. The maker of irrigation equipment posted quarterly results that beat estimates and forecast full-year profit above market estimates on expectations of improving demand. – I think it say farmers have a lot of money, says Patty Edwards.

DROPS (stocks that slid lower)

AT&T (T) dropped 1%. Perhaps investors were spooked by the $39 billion acquisition of T-Mobile, which reports suggested could be completed as soon as early next year. – I’d rather buy Apple, says Brian Kelly.

Seattle Genetics (SGEN) dropped 8%. The company’s experimental blood cancer drug Adcentris won the backing from a U.S. advisory panel along with more trials. – Those trials are costly, explains Jon Najarian.




______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our Web site send your e-mail to fastmoney@cnbc.com.


Trader disclosure: On July 15 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Pete Najarian owns (AAPL); Pete Najarian owns (AKAM); Pete Najarian owns (C);Pete Najarian owns (MS);Pete Najarian owns (MRVL);Pete Najarian owns (HPQ);Pete Najarian owns (RSX);Pete Najarian owns (TCK);Pete Najarian owns (VLO);Pete Najarian owns (GE);Pete Najarian owns (PEP);Pete Najarian owns (PFE);Pete Najarian owns (MRK);Pete Najarian owns (TEVA);Pete Najarian owns (TER);Pete Najarian owns (XOM);Pete Najarian owns (F) bonds; Pete Najarian owns (V) calls; Pete Najarian owns (HAL) calls; Pete Najarian owns (CROX) calls; Jon Najarian is long (AAPL) call spreads; Jon Najarian is long (BIDU) call spreads; Jon Najarian is long (BRCM) call spreads; Jon Najarian is long (CLX) call spreads; Jon Najarian is long (HK) call spreads; Jon Najarian is long (UA) call spreads

For Brian Kelly
Accounts Managed By Brian Kelly Capital Own (ATW)
Accounts Managed By Brian Kelly Capital Own (CLF)
Accounts Managed By Brian Kelly Capital Own (CLNE)
Accounts Managed By Brian Kelly Capital Own (GDXJ)
Accounts Managed By Brian Kelly Capital Own (SLV)
Accounts Managed By Brian Kelly Capital Own (FCX)
Accounts Managed By Brian Kelly Capital Own (INTC)
Accounts Managed By Brian Kelly Capital Own (IPI)
Accounts Managed By Brian Kelly Capital Own (KRE)
Accounts Managed By Brian Kelly Capital Own (WFC)
Accounts Managed By Brian Kelly Capital Own (MON)
Accounts Managed By Brian Kelly Capital Own (VIX) calls

For Patty Edwards
Edwards Owns (AAPL) For Clients
Edwards Owns (AMZN) For Clients
Edwards Owns (PG) For Clients
Edwards Owns (QCOM) For Clients
Edwards Owns (MCD) For Clients
Edwards Owns (BMO) For Clients
Edwards Owns (KO) For Clients
Edwards Owns (XLB) For Clients
Edwards Owns (MSFT) For Clients
Edwards Owns GOLD For Clients
Edwards Owns SILVER For Clients
Edwards is long (XLK)
Edwards is long the Canadian Dollar

For David Hilder
SFG is a market maker in the securities of Citigroup, Inc. (C). SFG and/or its affiliates beneficially own 1% or more of the securities of Citigroup, Inc. (C).

For Willie Williams
**No Disclosures