The traders of CNBC’s Fast Money on Friday August 15, discussed what to trade first thing on Monday
Tim Seymour is selling Oracle (ORCL). He doesn’t think it is a bad stock, but it has been selling down, and there is too much opportunity cost in waiting for it to rebound.
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Brian Kelley would buy the JJC (JJC) ETF, because he feels that with problems in Russia, grain security is an issue. Grain prices have been low, but this is likely to change.
Guy Adami thinks there is a lot of unmerited negative chatter about Hain (HAIN), and he would buy the stock.
Pops and Drops
Autodesk (ADSK) fell 6%, even though it beat earnings and revenue estimates, reported strong stales and raised guidance. Pete Najarian thinks it fell along with the market, and he would use the decline as a buying opportunity.
Monster Beverage (MNST) soared yet another day on news that Coca-Cola (KO) is buying a stake. Its huge 30% upsurge is a bit rich, and Brian Kelley would take profits.
J.C. Penney (JCP) seems to be doing everything right, with a restructuring, strong brands and its 3rd consecutive earnings beat. However, the market is not kind to retail these days, and it fell 2%. Tim Seymour would be a buyer.
Gilead (GILD) rose 3%. Guy Adami likes the story behind that stock and thinks it could go to $125.
