Market Overview

CNBC's Stock Pops & Drops From February 2

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On CNBC's Stock Pops & Drops, Karen Finerman commented on a 2.78 percent move higher in United Rentals, Inc. (NYSE: URI). She explained that the stock bounced after a horrible run lower in a week after earnings.

She likes the stock and she bought it on Monday.

Steve Grasso would apply a three day waiting rule before buying Pitney Bowes Inc. (NYSE: PBI). The stock dropped 7.17 percent on Monday and Grasso wants to see if it is going to hold $21. He added that Brean Capital announced that the headline risk in the stock is way overblown, and that it is a buy at this price level.

Guy Adami, meanwhile, said Lululemon Athletica inc. (NASDAQ: LULU) dropped 1.09 percent on news that the founder resigned from the board of directors. He added that JP Morgan has a $75 price target on the stock and that it might trade higher to that price level.

Shake Shack Inc (NYSE: SHAK) fell 4.16 percent in the second day of trading and Tim Seymour is not chasing the stock because there is better value in other fast food names, he said.

Posted-In: Guy Adami Karen Finerman Steve Grasso Tim SeymourCNBC Media

 

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