Analysts on CNBC’s Fast Money had this to say about 8 stocks on Tuesday August 12.
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Your First Calls For Wednesday Morning
Tim Seymour says Nokia (NOK) has an analysts day, and this could be a catalyst for the stock; “Get long.”
Twitter (TWTR) is interesting, but not necessarily as a takeover. Dan Nathan says if it improves on its metrics, TWTR goes to $50.
Brian Kelley would keep an eye on the HYG (HYG) ETF as a gauge of high-yield stocks. He said he sold some on Tuesday, since the ETF bounced.
Karen Finerman would keep an eye on Kate Spade (KATE). If it opens down, she would buy it. “If not, let it go.”
Pops & Drops
Intercept rose 17%, but it isn’t really that impressive, says Karen Finerman, because it is down dramatically from where it was not long ago. The news about its drug was good, but it wasn’t unexpected.
Trina Solar (TSL) has purchased a U.K Solar company, and Tim Seymour, who is long the stock, thinks it has bitten off more than it can chew, and so do investors, who created a 5% sell-off in the stock.
Nuance (NUAN) fell 9%, and Brian Kelley would wait and see what management says during earnings.
Rackspace (RAX) reported strong earnings, reaffirmed guidance , but fell 6%. Dan Nathan says it might be worth picking up as a bargain, but it is very risky, since it has put itself up for sale and may not get any buyers.