Market Overview

CNBC's Stock Pops & Drops From August 25

Related BBRY
UPDATE: Credit Suisse Downgrades BlackBerry Ltd
BlackBerry Ltd Price Target Raised At Deutsche Bank
Tech Rewind: BlackBerry Claws Back Lost Ground (Fox Business)

Steve Grasso said on CNBC's Stock Pops & Drops that every strength in BlackBerry (NASDAQ: BBRY) should be sold. BlackBerry gained 0.60 percent on Monday and closed at $10.

Credit Suisse raised U.S. Steel's (NYSE: X) price target from $25 to $50 and the stock gained 2.62 percent. Guy Adami said that U.S. Steel is a great turnaround story. The company has restructured and although it probably moved too much too fast, Adami thinks that it is going to $45.

Pete Najarian explained that Ann (NYSE: ANN) jumped 6.45 percent on news that the activists see the company as a takeover target. He thinks that the stock looks cheap.

Qihoo 360 Technology(NYSE: QIHU) fell 7.74 percent and Tim Seymour thinks that this might be an opportunity to buy the stock on the weakness. He added that earnings results were not bad, but investors expect higher growth from the company.

Posted-In: Guy Adami Pete Najarian Steve Grasso Tim SeymourCNBC Media

 

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