Show Entire Article
Following are Fast Money's Pops & Drops from Thursday's 5pm broadcast.
Find out what’s going up, what’s going down and whether the CNBC traders would double down, fade or run in the other direction!
UNG
The catalyst: The ETF that tracks nat gas traded higher with investors likely betting that hot weather gripping much of the nation will boost demand for air conditioning.The trade: It looks like nat gas is going above $3, says Fast trader Joe Terranova, chief market strategist for Virtus. I’d stay with it.
------------
Tyson Foods
The catalyst: Pros including Dennis Gartman are starting to predict higher meat prices are much more likely in the wake of the dwindling corn crop. (Cattle are fed corn.)
The trade: I would not be a buyer of the dip, says Fast trader Steve Grasso, director of institutional sales trading at Stuart Frankel.
------------
VIX
The catalyst: With the ECB and China cutting rates , investors may be interpreting the moves as a sign the economic landscape is worsening.
Page 1 of 5 | Next PageShow Entire Article
TSN News & Analysis
DATA IS REAL-TIME EXCEPT NOTED WITH *
* DATA DELAYED AT LEAST 15 MINUTES