Fast Money Traders Take Position On Stocks Making Headlines
CNBC Fast Money's Jon Najarian spoke on the show about the reasons for a 13.91 percent increase in price in Buffalo Wild Wings (NASDAQ: BWLD). The company posted better-than-expected earnings and Najarian commented that same-store sales were great. He also thinks that the largest short interest since July had some impact on this move higher.
Pete Najarian said that he has a long position in Pfizer Inc. (NYSE: PFE) and he is disappointed with the performance of the stock. The company lowered its guidance because of higher generic competition and the stock traded 0.12 percent lower on the news. He decided to stay long because of the yield and if the company manages to make a new deal and build its pipeline it will go higher.
Mike Murphy thinks that there are not a lot of positives for Coach Inc (NYSE: COH), which fell 6.09 percent after posting earnings. Traders who wish to take a long position should place a tight stop and hope that the stock could bounce on some kind of announcement.
Stephen Weiss believes that traders should sell Kohl's Corporation (NYSE: KSS) after the stock dropped 6.46 percent. Instead, he would buy Macy's, Inc. (NYSE: M), which is in his opinion, the only stock in the sector worth owning.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.