CNBC's Stock Pops & Drops From August 22
Guy Adami said on CNBC's Stock Pops & Drops that investors should be taking profits in Gilead Sciences (NASDAQ: GILD), because it moved from $80 to $103.96 in two months. The move was rather fast, thinks Adami. Gilead Sciences jumped 1.65 percent on Friday.
Tim Seymour said that Deere & Company (NYSE: DE) dropped 1.68 percent because large crop estimates are pushing commodity prices lower, and farmers are pulling out. He added that the stock should be trading between $84 and $95. Deere & Company closed Friday's trading session at $84.76.
Ross Stores (NASDAQ: ROST) jumped 7.39 percent on Friday, and it closed at $74.37. Steve Grasso believes that investors can sell the stock. He is not a long-term buyer.
Brian Kelly explained that Dynegy (NYSE: DYN) jumped 8.75 percent on the news that it bought some assets of Duke Energy (NYSE: DUK). He thinks that investors should be closing their long positions in this stock.
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