Find out what’s going up, what’s going down and whether our traders would double down, fade or run in the other direction!
Amazon dropped .The catalyst: Bank of America Merrill Lynch downgraded the stock to neutral, saying a "protracted" investment cycle may weigh heavier on the online mega-retailer's bottom line than expected.The trade: “Over the long-term this is a stock I want to be in,” says trader Patty Edwards. “Betting against Jeff Bezos is a bad move.”
Express Scripts popped .The catalyst: The FTC approved Express Scripts purchase of rival Medco Health Solutions following an arduous eight-month review.The trade: “I like the stock,” says Joe Terranova, but not at current levels. I’m a buyer around $52.”
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