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Pete Najarian spoke on
CNBC's Fast Money Halftime Report about a sharp decline in
Peabody Energy CorporationBTU. The stock closed the session on Tuesday 6.45 percent lower after missing the earnings estimates and cutting dividend. Najarian wouldn't buy the stock.
Freeport-McMoRan IncFCX also missed on earnings and it dropped 6.03 percent. Jim Lebenthal thinks that it is still too early to buy the stock. He expects that the company will have to cut the dividend.
Ian Winer explained that
AK Steel Holding CorporationAKS bounced 4.94 percent after posting better than expected earnings.
David Kudla said that
Zions BancorporationZION is making lower highs and lower lows. It dropped 1.63 percent on Monday and because this bank has exposure in the energy space Kudla wouldn't buy it until things in the energy space settle down.
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