CNBC's Stock Pops & Drops From August 28

Brian Kelly said on CNBC's Stock Pops & Drops, that Abercrombie & Fitch ANF fell 4.84% on Thursday because of problems with its logo business. The company is planning to give up on logo business. Mr. Kelly thinks that traders should stay away from this stock. T-Mobile TMUS jumped 1.36% and Steve Grasso explained that Deutsche Telekom opened the talks about sale of T-Mobile at $35. He thinks that the price might be $33 or $35 and he is long the stock. J C Penney Company JCP got downgraded by BTIG on Thursday and the stock fell 3.12%. Guy Adami thinks that they are wrong and that J C Penney still has positive momentum and upside potential. He likes the stock. GoPro GPRO spiked 7.47% on Thursday and Dan Nathan feels that it wouldn't be wise to chase the stock. He would wait for a pullback to buy the stock.