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Biogen, JC Penney And More: Fast Money Picks For August 2

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On CNBC's Fast Money Final Trade, Pete Najarian said he noticed unusually high options activity in Bristol-Myers Squibb Co (NYSE: BMY). He believes the stock is going higher and he thinks it's going to jump above its 52-week high.

Steve Grasso closed a portion of his long position in J C Penney Company Inc (NYSE: JCP). He explained that its long-term story is intact, but he wanted to take some profit.

David Seaburg is a buyer of Biogen Inc (NASDAQ: BIIB). He thinks the stock is going to continue to move higher.

Tim Seymour likes iShares MSCI South Korea Index Fund(ETF) (NYSE: EWY).

 

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Posted-In: CNBC David Seaburg Pete Najarian Steve Grasso Tim SeymourLong Ideas Media Trading Ideas