Following are Fast Money's Pops & Drops from Thursday's 5pm broadcast.
Find out what’s going up, what’s going down and whether the CNBC traders would double down, fade or run in the other direction!
The catalyst: The ETF that tracks nat gas traded higher with investors likely betting that hot weather gripping much of the nation will boost demand for air conditioning.The trade: It looks like nat gas is going above $3, says Fast trader Joe Terranova, chief market strategist for Virtus. I’d stay with it.
The catalyst: Pros including Dennis Gartman are starting to predict higher meat prices are much more likely in the wake of the dwindling corn crop. (Cattle are fed corn.)
The trade: I would not be a buyer of the dip, says Fast trader Steve Grasso, director of institutional sales trading at Stuart Frankel.
The catalyst: With the ECB and China cutting rates , investors may be interpreting the moves as a sign the economic landscape is worsening.Page 1 of 5 | Next Page