Following are Tuesday's Pops & Drops.Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!Mosaic
The catalyst: The drought devastating the U.S. corn crop likely won't dent fertilizer sales, Mosaic said on Tuesday as it reported better-than-expected quarterly results.
The trade: I think the price of fertilizer will go even higher, says Tim Seymour, founder of EmergingMoney.com.
The catalyst: Sprint turned on its new wireless data network, providing a much-needed boost to the carrier, whose data speeds lag those of its largest competitors.
The trade: I’m seeing a lot of interest in this name, says Steve Grasso, Director of Institutional Sales Trading at Stuart Frankel.
The catalyst: Analysts at Citigroup lowered their price target on shares of J.C. Penney from $40.00 to $24.00 in a research report issued to clients and investors on Tuesday.
The trade: Be careful not to price in a turnaround that hasn’t happened, says Karen Finerman, president of Metropolitan Capital.
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