'Fast Money' Traders Share Their Thoughts On Beaten Down Stocks

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On CNBC's "Fast Money," Guy Adami spoke about Microchip Technology Inc. MCHP. He doesn't see a potential catalyst that could move the stock higher. Microchip Technology dropped sharply in May and Adami sees more room on the downside.

Tim Seymour likes Macy's, Inc. M. He said it trades at six times earnings and it pays a high dividend. Seymour thinks its balance sheet can support the dividend.

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Steve Grasso said he also likes Macy's. He added that he has a long position in General Electric Company GE. He thinks General Electric has stabilized as it stopped moving down on headlines that used to take it down.

Posted In: Long IdeasMediaTrading IdeasCNBCGuy AdamiSteve GrassoTim Seymour
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