Fast Money Traders Comment On Stocks Making Headlines: GameStop, Foot Locker And More
On CNBC's Fast Money Halftime Report, Stephanie Link spoke about a 7 percent move higher in Ross Stores, Inc. (NASDAQ: ROST), which managed to post better-than-expected results. She thinks that the stock deserves to be trading at its all-time highs, but she wouldn't chase it. She would rather buy TJX Companies Inc (NYSE: TJX).
Mike Murphy explained that GameStop Corp. (NYSE: GME) dropped approximately 13 percent after it failed to meet earnings estimates and reduced the guidance. He wouldn't buy the stock because it has to compete with Wal-Mart Stores, Inc. (NYSE: WMT) in old games sales.
Josh Brown thinks that a deal by SolarCity Corp (NASDAQ: SCTY) and Sunedison Inc (NYSE: SUNE) to install solar panels at 400 Wal-Mart locations is positive for the industry. He added that Wal-Mart wants to have a 100 percent electricity supply from solar energy and Brown believes that more companies will follow. Both stocks traded significantly higher on the news.
Jon Najarian said that Foot Locker, Inc. (NYSE: FL) traded 3.77 percent lower despite posting positive earnings results.
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