The traders of CNBC’s Fast Money discussed the following stocks:
First Trades for Tuesday
Hewlett Packard (HPQ): Pete Najarian thinks its transition is going the right way, and it is going higher.
Apple (AAPL): Tim Seymour thinks it has a great long-term risk/reward.
Macy’s (M): Karen Finerman noted that expectations are now low for M, the weather is good, employment is improving and the back to school season is here.
Michael Kors (KORS): Guy Adami thinks the selloff in the stock is overdone, and it can be bought.
Pops and Drops from Monday
Sea World (SEAS) rose 1% after getting pummeled last week on lower attendance and poor numbers. Pete Najarian would stay away.
General Electric (GE) rose 2%, because an analyst reiterated the “outperform” rating, and Guy Adami thinks it should be over $30. He thinks Honeywell (HON) is the best stock in the space.
Family Dollar (FDO) is the object of a competing bids and is going higher, even though it rose 5% on Monday.
Monster Beverage (MNST) dropped 5%, and Karen Finerman thinks it is just backtracking from its huge rise last week after it was announced that Coca-Cola (KO) would buy a stake. She notes it is still too expensive.