CNBC's Stock Pops & Drops From February 24: Macy's, Shake Shack, MGM Resorts, Transocean

On CNBC's Stock Pops & Drops, Karen Finerman said that Macy's, Inc. M fell 3.21 percent on disappointing guidance. She thinks that the selloff is overdone and the valuation is cheap. She likes the stock. Pete Najarian believes that Shake Shack Inc SHAK is expensive after it jumped 4.50 percent on Tuesday. He thinks that the stock is going to retreat from its current price. Steve Grasso explained that MGM Resorts International MGM has proved that it can hold a $21.30 range for him to buy the stock. He added that the company is less dependent to Macau than the rest of the space. Guy Adami thinks that a Tuesday's 1.91 percent decline in Transocean LTD RIG is a late reaction to a dividend cut and a resignation of the CEO. He said that the stock is getting towards levels that are interesting, but he sees it below $15.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCMediaGuy AdamiKaren FinermanPete NajarianSteve Grasso
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!