Market Overview

CNBC's Stock Pops & Drops From September 2

Share:
Related TSLA
Tesla: The Street's Talking…Again
Pacific Crest: Tesla Demand Concerns Are Overdone
Tesla Motors: Did Elon Musk Already Lower 2015 Delivery Guidance? (Seeking Alpha)

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.

Posted-In: Dan Nathan Guy Adami Karen Finerman Tim SeymourCNBC Fast Money Media Trading Ideas

 

Related Articles (BA + GRPN)

Around the Web, We're Loving...

Get Benzinga's Newsletters