CNBC's Stock Pops & Drops From August 27
Jon Najarian explained that Yingli Green Energy (ADR)(NYSE: YGE) reported earnings on Wednesday and missed on both the top and bottom line. The company also lowered marginal shipments for the next quarter. When the fossil fuels are at current price level, the solar industry is also struggling, said Najarian. Yingli Green Energy dropped 5.06 percent.
JC Penney (NYSE: JCP) spiked 3.7 percent and Guy Adami thinks that there is a strong momentum in the stock and it is going even higher.
Brian Kelly said that Express (NYSE: EXPR) moved 12.75 percent higher on earnings and on the news that the company might go private. He suggested that traders with a long position should hold the stock and those who are considering buying the stock should wait for a pullback.
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