Market Overview

CNBC's Stock Pops & Drops From August 7

Related AGU
Agrium's (AGU) Q2 Earnings & Revenues Top on Retail Strength
Earnings Scheduled For August 6, 2014

Brian Kelly said CNBC's Stock Pops & Drops that he would stay away from Agrium (NYSE: AGU) completely.

The company announced that its mine is going to stay closed longer than expected and the stock fell 1.82 percent. Kelly thinks that this is a tough and volatile trade.

Karen Finerman said that she is very disappointed with the earnings results of Cumulus Media (NASDAQ: CMLS). The stock dropped 8.42 percent Thursday and closed at $4.24.

Jack in the Box (NASDAQ: JACK) spiked 10.46 percent to $61.25 and Dan Nathan said that the stock is now in a trading range. He said that he would use $55 as a stop on the downside and added that he wouldn't chase it because the stock could see some overhead resistance.

Steve Grasso said that Mobileye NV (NYSE: MBLY) is a great company that will be in every self-driven car. He thinks that the stock is eventually going to be a buy, but it recently had an IPO and the price action is still very volatile. Mobileye fell 5.4 percent on Thursday.

Posted-In: Brian Kelly CNBC Dan NathanCNBC Long Ideas Short Ideas Media Trading Ideas

 

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