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Following are Thursday'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!
Texas IndustriesThe catalyst: Texas Industries surprised the Street with fourth quarter net income of $60 million or $2.15 per share; on average the Street expected a loss of $0.34 per share according to Thomson Reuters. It was the first time the company was profitable in 10 quarters.The trade: If you’re in this name, take profits, says Mike Murphy, founder and managing partner at Rosecliff Capital. Earnings strength was due more to cost cutting than anything else.
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Autozone The catalyst: Citi reiterated its Buy rating on Autozone and said the company is well positioned to benefit from improving trends in the auto parts sector following a "tough" June.
The trade: In the short-term, I think the stock wants to push higher, says Guy Adami, managing director of stockMONSTER.com.
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