Fast Money Pops & Drops, April 6th (PNRA, NOK, LPX, SWKS, C)

CNBC Fast Money's Guy Adami said on Fast Money Pops & Drops that Panera Bread Company PNRA could drop additional $5. He added that the valuation looks a little bit stretched. Panera Bread Company (PNRA) fell 3.72% today, and closed at $123.90. Tim Seymour explained that Nokia Corporation (ADR) NOK jumped 2.85% on the news that Goldman Sachs GS is recommending strangles in this name. This means that this company has a lot of upside potential, or it is broken and it is going down, said Tim Seymour. Joe Terranova said that he would buy Louisiana-Pacific Corporation LPX at $8.50. Louisiana-Pacific Corporation (LPX) fell 4.84% today, and closed at $9.84. Skyworks Solutions, Inc. SWKS fell 6.96% after Charter Equity downgraded the stock. The Charter Equity analysts expect a weaker revenue from iPhone5. Citigroup Inc. C gained 2.68% today, and Karen Finerman thinks that the stock is not expensive on any valuation. She added that she is long on Citigroup Inc. (C).
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Posted In: CNBCLong IdeasShort IdeasFast MoneyMarketsMediaTrading IdeasCommunications EquipmentConsumer DiscretionaryFinancialsForest ProductsGuy AdamiInformation TechnologyInvestment Banking & BrokerageJoe TerranovaKaren FinermanMaterialsOther Diversified Financial ServicesRestaurantsSemiconductorsTim Seymour
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