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Fast Money Pops & Drops, February 16th (DVN, OC, LEA, ANF, OMX)

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On CNBC's Fast Money Pops & Drops, Joe Terranova said that Devon Energy Corporation (NYSE: DVN) posted spectacular earnings, but the price action wasn't favorable. He added that investors with a long position should sell a half of their position. Devon Energy Corporation (DVN) fell 2.13%, and closed at $86.22.

Owens Corning (NYSE: OC) spiked 7.59% today, after it reported earnings. Zach Karabell said that Owens Corning (OC) posted a 4Q loss, and added that maybe there is some hope that housing will recover and that spending budget for infrastructure will help OC. He is skeptical about this stock.

Lear Corporation (NYSE: LEA) jumped 3.17%, and closed at $111.13 today. Karen Finerman said that she really likes this stock.

Abercrombie & Fitch Co. (NYSE: ANF) jumped 7.58% today, after posting better than expected earnings results. OfficeMax Incorporated (NYSE: OMX) also reported earnings today, but it dropped 10.02% in the regular trading session, and it lost 2.08% in the after hours.

 

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Posted-In: CNBC Guy Adami Joe Terranova Karen FinermanLong Ideas Short Ideas Media Trading Ideas