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Fast Money Pops & Drops, January 7th (KBH, MSFT, SHAW, BHI, OIH)

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On CNBC's Fast Money, traders shared their thoughts on mid-day market movers.

Pete Najarian suggested to the viewers to sell a part of their position in KB Home (NYSE: KBH). He said that KBH managed to beat the forecast, but this sector has been hot, and it got a little bit hotter. KB Home (KBH) trades 5.51% higher today.

Patty Edwards said that The Shaw Group Inc. (NYSE: SHAW) missed on earnings, but she believes that the second half could be better for this stock. The Shaw Group Inc. (SHAW) currently trades 4.84% lower.

Goldman Sachs upgraded Baker Hughes Incorporated (BHI) to a buy, and the stock responded with a 3.03% increase in price. Joe Terranova commented that he likes better Oil Service HOLDRs (ETF) (NYSE: OIH).

Pete Najarian also talked about Microsoft (NASDAQ: MSFT). He said that he expects Microsoft (MSFT) to slow down a bit. Microsoft (MSFT) is currently trading approximately 1.80% lower.

 

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Posted-In: CNBC Joe Terranova Patty Edwards Pete NajarianLong Ideas Short Ideas Media Trading Ideas