BlackBerry Ltd, AutoNation & CNBC's Stock Pops And Drops From September 25
Speaking on CNBC's Stock Pops & Drops, Jon Najarian said that AutoNation, Inc. (NYSE: AN) was one of the few stocks trading higher on Thursday. The stock jumped 0.66 percent and Najarian thinks that lower interest rates have to be good for the company.
Guy Adami thinks that Tiffany & Co.'s (NYSE: TIF) 1.03 percent decline is not a huge drop when considering the market's performance on Thursday. He added that it is imperative for the stock to hold $96 to trade higher. Adami believes that it will be able to hold that level and he thinks that it is a good idea to buy the stock right now, but with a stop loss below the $96 level.
BlackBerry Ltd (NASDAQ: BBRY) fell 6.76 percent and Brian Kelly explained that people didn't like its new product, the Passport. He closed the stock position he had in BlackBerry Ltd on Wednesday, but he holds call options going into earnings.
Pete Najarian said that Magnum Hunter Resources Corp (NYSE: MHR) gained 9.89 percent on the news that the company managed to find an incredible producing well. He doesn't think that it is a good idea to chase the stock and he added that a short squeeze could also be the reason for the move higher.
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