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Stocks discussed on the Financial Sector Segment of CNBC’s Fast Money Half Time Report TV Program, Friday July 8.

Drops:

General Electric (NYSE:GE) – Down 2% - Pete Narjarian says “After a big run in the industrials, GE just following down with the rest of the industrials and the rest of the S&P.”

Goldman Sachs (NYSE:GS) – Down 1% - Zach Karabell says, “I’m shorts some puts I’m bailing on, I really don’t want to be in the financials period, at all right now” Melissa lee added, “The estimates keep dropping on Goldman and Morgan Stanley.”

Nokia (NYSE:NOK) – Down 4% - Patty Edwards says it may be due to Nokia pulling out of Japan. Edwards stated “Looks like they are pulling out of Japan.” Read Reuters Article here.

News Corp (NASDAQ:NWSA) – Down 4% - Melissa tells Steve Grasso it’s a story he's got to love. Grasso responds by saying, “Yea that’s right I do love the story. But I think technically it’s a little bit challenged here. I think it could drop another forty or fifty cents. Watch the $15.88 level that’s the 200 day moving average.” Read Reuters article here.

MGM Resorts (NYSE:MGM) – Down 1% - Pete Narjarian pointed out, “Now it’s actually a Pop, had a lot of option activity yesterday, incredible, almost 100,000 calls trading in there and Morgan Stanley had an article out about the room rates going higher as well.” Read Barron’s article here.

Company Reviews and Key Statistics

Below is a brief review of each company, a summary of current analysts' estimates and up/downgrade activity, followed by a chart of the company's key statistics.

General Electric Company operates as a technology, media, and financial services company worldwide. The company is trading significantly below analysts' estimates. GE has a median price target of $24 by 15 brokers and a high target of $30. The last up/downgrade activity was on Jan 28, 2011, when Argus upgraded the company from Hold to Buy.

The Goldman Sachs Group, Inc., together with its subsidiaries, provides investment banking. The company is trading significantly below analysts' estimates. GS has a median price target of $180 by 22 brokers and a high target of $243. The last up/downgrade activity was on Jun 14, 2011, when RBC Capital Mkts initiated coverage on the company with an Underperform rating.

Nokia Corporation manufactures and sells mobile devices, and provides Internet and digital mapping and navigation services worldwide. The company is trading significantly below analysts' estimates. NOK has a median price target of $7.15 by 20 brokers and a high target of $12.93. The last up/downgrade activity was on Apr 6, 2011, when Standpoint Research initiated coverage on the company with a Buy rating.

News Corporation operates as a diversified media company worldwide. The company is trading on par with analysts' estimates. NWSA has a median price target of $21 by 18 brokers and a high target of $26. The last up/downgrade activity was on Aug 2, 2010, when Collins Stewart initiated coverage on the company with a Buy rating.

MGM Resorts International, through its subsidiaries, owns and operates casino resorts in the United States. The company is trading slightly below analysts' estimates. MGM has a median price target of $16.50 by 24 brokers and a high target of $20. The last up/downgrade activity was on Jan 21, 2011, when Hudson Securities downgraded the company from Hold to Sell.

Source: Fast Money Halftime Report Recap: 5 Pops and Drops