CNBC's Stock Pops & Drops From September 18

Speaking on CNBC's Fast Money, Pete Najarian said that Rite Aid Corporation RAD dropped 18.52 percent after the company posted lower than expected guidance. Najarian added that the reported earnings numbers were better than expected, but it is all about the guidance and the margins from the pharmaceutical side, which are killing them, and they make 70 percent of the company's sales. SanDisk Corporation SNDK jumped 2.99 percent on the news that it might benefit from Apple Inc.'s AAPL iPhone 6. Jon Najarian said that he is bullish on the stock. Air Products & Chemicals, Inc. APD jumped 1.62 percent after the announcement of a major reorganization. Guy Adami said that it is unusual to see a company that is reorganizing when it is trading close to its 52-week high. He believes that it is even better run now. Adami added that, in the space, the viewers can own Air Products & Chemicals, Inc. and Praxair, Inc. PX. Dan Nathan thinks that 1.59 percent increase in price in Kohl's Corporation KSS could be a beginning of a turnaround. The stock jumped on an upgrade from Citigroup and Nathan believes that it is a cheap stock, which might trade higher to $70 over the next six months.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCMediaDan NathanGuy AdamiJon NajarianPete Najarian
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!