Fast Money Pops & Drops, March 29th (APOL, UA, BP, MCP, WAG)

On CNBC's Fast Money Pops & Drops, Karen Finerman said that Apollo Group, Inc. APOL disappointed on revenues and the company also reported a decline in student admissions. Apollo Group, Inc. (APOL) fell 4.25% today, and closed at $40.55. Under Armour, Inc. UA jumped 4.93% today, and Pete Najarian thinks that, at 50 times earnings, you should wait for a pull back. He added that Under Armour, Inc. (UA) traded higher, despite the downgrade from Capstone. Joe Terranova thinks that you shouldn't buy BP plc (ADR) BP. The stock traded 2.74% lower today on the news of a possible criminal responsibility for the Gulf of Mexico disaster. Mr. Terranova would rather buy Occidental Petroleum Corporation OXY and Chevron Corporation CVX. Brian Kelly said that Molycorp, Inc. MCP jumped 7.46%, on the news that Chinese government is planning the crackdown in illegal mining. He is a buyer of this stock. Tim Seymour said that Walgreen Company WAG traded 1.65% higher on an upgrade from Credit Suisse. He explained that the upgrade was based on an opinion that the company will do well even if consumers start to suffer.
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Posted In: CNBCLong IdeasShort IdeasFast MoneyMediaTrading IdeasApparel, Accessories & Luxury GoodsBrian KellyConsumer DiscretionaryConsumer StaplesDrug RetailEducation ServicesEnergyIntegrated Oil & GasJoe TerranovaKaren FinermanPete NajarianTim Seymour
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