Market Overview

CNBC's Stock Pops & Drops From February 6

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On CNBC's Stock Pops & Drops, Guy Adami said that Yelp Inc (NYSE: YELP) dropped 21.51 percent on decelerating unique user growth and increased spending. He added that this is not a good sign, especially when it is trading at 100 times forward earnings.

Although it fell on huge volume, Adami would wait for the stock to settle.

Brian Kelly thinks that Priceline Group Inc (NASDAQ: PCLN) slipped 2.12 percent in a sympathy trade with Expedia Inc (NASDAQ: EXPE).

Kelly believes it is important for Priceline to hold above the $1,000 price level.

Tim Seymour, meanwhile, believes that valuation doesn't justify a 7.12 percent move higher in Buffalo Wild Wings (NASDAQ: BWLD). He would rather own McDonald's Corporation (NYSE: MCD) and Yum! Brands, Inc. (NYSE: YUM).

Steve Grasso would stay long NXP Semiconductors NV (NASDAQ: NXPI) after it jumped 5.14 percent. He thinks there is more room on the upside.

Posted-In: Brian Kelly Guy Adami Steve Grasso Tim SeymourCNBC Media

 

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