CNBC's Stock Pops & Drops From August 6

On CNBC's Stocks Pops & Drops, Pete Najarian said that Macy's M still trades at attractive valuation. Najarian believes that the stock is going to trade higher and that it will test its 52-week high, at $61.26. Macy's jumped 2.03 percent on Wednesday and it closed at $58.81. Steve Grasso thinks that Tesla Motors TSLA has to break $265, its 52-week high, to be buy-able again. He added that Model X is going to be a huge tailwind for the company and this makes him wary to trade Tesla at this level. Tesla jumped 4.38 percent on Wednesday and it closed at $248.40. Guy Adami commented that Groupon GRPN had a terrible quarter, but the sell-off of 16 percent in after-hours trading on Tuesday was exaggerated. The trading in Wednesday's session was adequate, in his opinion. Adami thinks that there is no reason to own the stock other than trying to catch a bounce in this name after a huge volume day. Groupon fell 12.72 percent and closed at $6.14. Take-Two Interactive Software TTWO fell 6.37 percent on Wednesday and closed at $20.57. The company posted weaker than expected revenue outlook. Tim Seymour explained that a release of a new game, called Evolve, was delayed and this is a big deal for Take-Two.