CNBC's Stock Pops & Drops From December 9

Speaking on CNBC's Stock Pops & Drops, Steve Grasso tried to explain reasons behind a 5.02 percent decline in H & R Block Inc HRB. The stock traded lower after it posted weaker than expected earnings. Grasso added that a catalyst for this name was a selling of a banking division and that he is still a buyer, but it is necessary to wait for things to settle down. Guy Adami thinks that there is a chance for Smith & Wesson Holding Corp SWHC to push above $10. He is encouraged by a 0.73 percent move higher on Tuesday. Brian Kelly said that Manchester United PLC MANU dropped 10.04 percent to $14.78 on Tuesday on the news that Glazer family is going to sell a $50 million stake. Kelly sees a decent support at $14.50 and he thinks that it is safe to hold it. Karen Finerman thinks that Burlington Stores Inc BURL is too expensive after it popped 1.75 percent on earnings results. She wouldn't buy it at current price level.
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Posted In: CNBCMediaBrian KellyGuy AdamiKaren FinermanSteve Grasso
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