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

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