CNBC's Stock Pops & Drops From September 2
Speaking on CNBC's Fast Money, Tim Seymour said that Tesla Motors (NASDAQ: TSLA) spiked 5.35 percent on Tuesday on an upgrade from Stifel, which increased the price target to $400. Seymour thinks that Tesla won't be able to reach necessary production levels.
Dan Nathan explained that Groupon (NASDAQ: GRPN) gained 3.82 percent on the news that RBC Capital upgraded the stock. He thinks that this is not a bad speculative name to have in a portfolio, but he would place a $6 stop loss.
Guy Adami said that Boeing (NYSE: BA) has not performed well since January and dropped 1.04 percent on a downgrade by Buckingham Research Group. He added that the chart doesn't look good because it has a series of lower highs and lower lows and that $120 is a key support level.
Karen Finerman likes Molina Healthcare (NYSE: MOH), which fell 3.28 percent on Tuesday. She said that there was no relevant news on Tuesday and that the stock traded lower because it was overdone on the upside in the August.
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