Fast Money Pops & Drops, November 1st (AMD, BAC, BHI, ICLK, AMT, GM)
CNBC Fast Money's Joe Terranova said on the show that Advanced Micro Devices, Inc. (NYSE: AMD) is not his favorite chip maker. He explained that he prefers Intel Corporation (NASDAQ: INTC), because it is taking market share in the space. Mr. Terranova also spotted an island reversal pattern on AMD's chart. Advanced Micro Devices, Inc. (AMD) fell 9.09% today, and closed at $5.30.
Pete Najarian thinks that you should stay away from financials for a little while longer. He added that the Bank of America Corp (NYSE: BAC) is trading more than others on the news from Europe. Bank of America Corp (BAC) lost 6.30% today, and it closed at $6.40.
Guy Adami is a buyer of Baker Hughes Incorporated (NYSE: BHI) with a stop loss at $51. He said that BHI fell to $41.91 on October 3rd, which was its 52 - week low, and its recent high was at $61.90. The 50% retracement of this range was today's intraday low of $51.37. Baker Hughes (BHI) fell 7.67% today, and closed at $53.54.
interCLICK Inc (NASDAQ: ICLK) jumped 20.81% today, and Jon Najarian explained that Yahoo (NASDAQ: YHOO) wants to take over this company.
Karen Finerman said that American Tower Corporation (NYSE: AMT) jumped 3.30%, after the company reported better than expected earnings results. She added that she thought that this stock was expensive for the last 11 years, and she has been wrong.
Mike Khouw explained that General Motors Company (NYSE: GM) dropped 9.75% today as it reported the U.S. delivery numbers , which were well below the expectations.
