‘Fast Money’ Pops and Drops: ConAgra
September 4th, 2008 | by admin |Before Erin Burnett started the “Pops and Drops” segment of CNBC’s “Fast Money,” she mentioned that Lehman Brothers(LEH - Cramer’s Take - Stockpickr) was moving up in after-hours trading>(MSFT - Cramer’s Take - Stockpickr) plans to cut the U.S. prices of its Xbox 360 video-game console. Macke said Nintendo(NTDOY - Cramer’s Take - Stockpickr) has won this war.
Pops
Smurfit-Stone Container(SSCC - Cramer’s Take - Stockpickr) soared 30% to $6.67. Adami said he wouldn’t chase the stock up here.
Shanda Interactive Entertainment(SNDA - Cramer’s Take - Stockpickr) surged 9% to $28.91 after the Chinese>(SPLS - Cramer’s Take - Stockpickr) added 2% to $25.18 following the office supply company’s second-quarter earnings report. Finerman said the Street thought the numbers were OK.
Honda(HMC - Cramer’s Take - Stockpickr) popped 4% to $32.80. Najarian said don’t jump in right here; it’s just a play>(UNFI - Cramer’s Take - Stockpickr) traded up 4% to $19.58. Macke said the company should get away from natural and go toward the fake stuff.
IAC/InterActiveCorp(IACID - Cramer’s Take - Stockpickr) moved up 1% to $16.94. Finerman didn’t have anything to add with the stock>(CAG - Cramer’s Take - Stockpickr) fell 8% to $19.63 after a J.P. Morgan analyst downgraded the stock to neutral from overweight. Macke said sell CAG.
Joy Global(JOYG - Cramer’s Take - Stockpickr) dropped 19% to $53.05 after the mining equipment company announced disappointing third-quarter earnings. Adami said avoid the stock until the next quarter.
Forest Laboratories(FRX - Cramer’s Take - Stockpickr) plunged 13% to $31.35. Najarian said the drop was due to some negative data for the company’s phase III clinical study on a chronic obstructive pulmonary disease drug.
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