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, Dan Nathan said that he would not chase
General Mills, Inc.GIS after it jumped 2.07 percent. He said that the company reaffirmed the guidance, but it posted 3 percent lower sales. The stock is trading at 18 times earnings with no growth, added Nathan.
Guy Adami thinks that there is more room on the upside for
Seadrill LtdSDRL because the shorts will have to start to cover after the stock spiked 10.55 percent on Wednesday. He added that the all clear sign is still not there.
Karen Finerman said that
VeriFone Systems IncPAY gained 9.00 percent on an analyst upgrade. The company should have new revenue streams according to the analysis.
Steve Grasso explained that
Cliffs Natural Resources IncCLF dropped 5.74 percent after Credit Suisse lowered its price target to $1, claiming that the company needs recapitalization. Grasso would not buy the stock.
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