The traders on CNBC’s Fast Money discussed notable “Pops and Drops” for Monday August 11:
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JetBlue (JBLU) has lagged its peers in the airline industry and has struggled with margins, but finally broke out and rose 2%.
Pandora (P) jumped 5% on rumors that it might be taken over by Google or another large internet company.
ADT Corp (ADT) rose 2% on Tuesday after reporting earnings last week. Karen Finerman admitted she wasn’t sure what the catalyst was that moved it up, but ADT is worth watching.
King Digital (KING) fell 6% on a downgrade. Pete Najarian notes that King Digital reports earnings after the close on Tuesday, and if management tells a good story, it might be worth buying on a decline.
First Trades For Tuesday:
Yandex (YNDX): Tim Seymour thinks that news out of Russia might not be as dire as expected, and this will be good for Russian internet stock, Yandex.
AT&T (T) is a stock Dan Nathan thinks is a good bond equivalent, given its bountiful 5.3% yield. Since bond yields are not rising, investors are flocking to high-dividend stocks.
Karen Finerman would sell ALPS Alerian MLP ETF (AMLP), because the news that Kinder Morgan is buying up its MLP divisions may be a sign that MLPs have reached their peak.