CNBC's Stock Pops & Drops From October 13

On CNBC's Stock Pops & Drops, Karen Finerman said that she likes Darden Restaurants, Inc. DRI as over time it will do a good job. The stock dropped 2.67 percent on the downgrade by Piper Jaffray. Dan Nathan explained that Symantec Corporation SYMC continued to move higher on the news from last week, when the company announced that it is going to split its storage and security business. Although the stock gained 1.41 percent on a weak day for the rest of the market, Nathan wouldn't buy the stock because he believes that the company is a value destroyer. Steve Grasso said that Vale SA (ADR) VALE traded 5.23 percent higher on the news of higher iron ore price. He expects a short term bounce, but if the global growth is not where it should be the stock should sell off, thinks Grasso. Yahoo! Inc. YHOO dropped 3.08 percent on Monday and Guy Adami thinks that this stock could return to the $45 price level.
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Posted In: CNBCMediaDan NathanGuy AdamiKaren FinermanSteve Grasso
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