Fast Money Pops & Drops, January 19th (AEO, NOK, AMR, X, IWM)

CNBC Fast Money's Guy Adami said in the segment of the show called "Fast Money Pops & Drops" that American Eagle Outfitters AEO got upgraded today. It jumped 1.91%, and closed at $14.39 in Wednesday's trading session. Guy Adami thinks that AEO's valuation looks interesting at this point. He doesn't like the retailers, but he is going to take a look at American Eagle Outfitters (AEO) tomorrow. Tim Seymour said that Nokia Corporation (ADR) NOK dropped 3.56% today, after a nice run. He recommended to investors to stay with this stock. AMR Corporation AMR dropped 7.24% today, and Brian Kelly said that he doesn't want to buy this stock at this price level. He added that he would start looking at AMR, when it comes close to $7.40. AMR Corporation (AMR) closed at $7.69, and it had a volume of 28.76M traded shares. United States Steel Corporation X fell 5.93% today, and closed at $52.33. Joe Terranova thinks that you should stay on the sidelines. iShares Russell 2000 Index (ETF) IWM lost 2.57% on Wednesday, and Karen Finerman commented that the valuation numbers for stocks are pretty high. She expects more downside.
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Posted In: CNBCLong IdeasShort IdeasFast MoneyMediaTrading IdeasAirlinesApparel RetailBrian KellyCommunications EquipmentConsumer DiscretionaryGuy AdamiIndustrialsInformation TechnologyJoe TerranovaKaren FinermanMaterialsSteelTim Seymour
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