Real-Time Quote
Quote | News | Chart | Details
CHK News & Analysis
LinkedIn, Baker Hughes Plus Other Pops & Drops
21 Mar 2012 EDT - CNBC.com
Page 1 of 3 | Next Page
Show Entire Article

Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!LinkedIn popped . The catalyst: Goldman Sachs upgraded Linkedin to a "buy" rating, citing factors such as strong demand for its hiring-related services.The trade: "On a valuation basis it’s expensive," says trader Brian Stutland. "I'd stay away."Baker Hughes dropped . The catalyst: " Baker Hughes said profit margins will contract from 19% to 13%," explains Joe Terranova. The trade: "Although the stock was $80 in July and now trades around $46, I’d stay away," Terranova counsels.Chesapeake dropped . The catalyst: "It’s a play on the Utica shale, (which is buried below the Marcellus shale), explains trader Steve Grasso. Many think it contains oil and natural gas liquids.The trade: "There are other ways to leverage it. I’d rather do it with CRZO," says Grasso.

Deutsche Bank dropped The catalyst: According to the WSJ , the bank said in its annual report that it faces nearly $4 billion in "remote" legal risks related to litigation in the U.S. and elsewhere.The trade: "I’m short DB," reveals trader Steve Cortes. "I prefer US financials. I’m long Goldman and short DB against it."

Page 1 of 3 | Next Page
Show Entire Article
CHK News & Analysis
Real-Time Quote
omniture pixel