Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Red Hat popped .
The catalyst: The business software maker reported a profit that beat analysts' expectations for the fifth straight quarter withRed Hat benefiting from the broad migration to cloud-related data center build-outs.
The trade: I think this stock will be a winner for a while, says Brian Kelly.
Illumina popped .
The catalyst: The battle for Illuminaappears to be far from over with shares trading above Roche’s new offer of $51 a share.
The trade: I think all pharma has had a terrific run. Now it’s time to take profits, says Steve Cortes.
Sprint popped .
The catalyst: According to published reports, Sprint is opening to selling a 4G LTE version of Apple's iPhone, whenever Apple builds a phone running on the latest cellular technology.
The trade: I think they have a great line coming out and think they will benefit in the near term, says Steve Grasso.
Walgreens dropped .
The catalyst:Walgreen said its quarterly profit fell almost 8 percent, largely as a result of its exit from the Express Scripts pharmacy network.
The trade: I’d short this stock, says Stephanie Link. Express Scripts and Medco plan to merge and that’s a problem for Walgreens.