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Following are moves you might have missed. Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
GapThe catalyst: Lazard Capital upgraded shares of Gap to buy from neutral.
The trade: I’d just stay away, says Pete Najarian.
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Urban OutfittersThe catalyst: Urban Outfitters reported a quarterly profit above market expectations as the clothing retailer managed to sell more women's apparel at regular prices,.The trade: I’m not so sure they can keep the momentum going, says Patty Edwards.------------------
Homebuilders ETFThe catalyst: Investors bid the XHB higher after a new report showed builder confidence for newly built, single-family homes was up five points in May 2012; it's the best reading since May of 2007.The trade: I covered all my shorts last week expect for homebuilders, says Steve Cortes. Just look at the gap lower in Lowes.
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GoogleThe catalyst: Google completed its $12.5 billion acquisition of phone maker Motorola Mobility and said it has appointed a Google executive as the new CEO of the business.
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