Market Overview

CNBC's Stock Pops & Drops From August 15

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Pete Najarian spoke on CNBC's Stock Pops & Drops about Autodesk (NASDAQ: ADSK).

He was surprised to see the stock trading 6.43 percent lower because the company posted better-than-expected earnings and revenues and it also raised its guidance. Autodesk opened the session higher, but it failed to keep the gains as it turned lower together with the market. Najarian decided to buy the stock on the weakness.

Monster Beverage (NASDAQ: MNST) spiked 30.48 percent on Friday and Brian Kelly explained that the stock traded higher on the news that The Coca-Cola Company (NYSE: KO) bought a stake in Monster Beverage. Although the stock is up, Kelly finds it difficult to buy it at this price level. He would take profits.

Tim Seymour thinks that J.C. Penney (NYSE: JCP) is showing signs of stabilization as it managed to post three consecutive earnings reports above the market's expectations. He believes that you can stay in this name despite Friday's pullback of 2.46 percent.

Gilead Sciences (NASDAQ: GILD) popped 3.25 percent and Guy Adami thinks that it will continue to trade higher

Posted-In: Brian Kelly Guy AdamiCNBC Long Ideas Short Ideas Fast Money Media Trading Ideas

 

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