Market Overview

CNBC's Stock Pops & Drops From August 28

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Brian Kelly said on CNBC's Stock Pops & Drops, that Abercrombie & Fitch (NYSE: ANF) fell 4.84 oercent on Thursday because of problems with its logo business. The company is planning to give up on logo business. Mr. Kelly thinks that traders should stay away from this stock.

T-Mobile (NYSE: TMUS) jumped 1.36 percent and Steve Grasso explained that Deutsche Telekom opened the talks about sale of T-Mobile at $35. He thinks that the price might be $33 or $35 and he is long the stock.

J C Penney Company (NYSE: JCP) got downgraded by BTIG on Thursday and the stock fell 3.12 percent . Guy Adami thinks that they are wrong and that J C Penney still has positive momentum and upside potential. He likes the stock.

GoPro (NASDAQ: GPRO) spiked 7.47 percent on Thursday and Dan Nathan feels that it wouldn't be wise to chase the stock. He would wait for a pullback to buy the stock.

Posted-In: Brian Kelly Dan Nathan Guy Adami Steve GrassoCNBC Media


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