Fast Money TV Show Recap - 3 Pops and 3 Drops

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 |  Includes: DAL, DE, FCX, OWW, QCOM, SHLD
by: David Alton Clark

Highlights of Stocks discussed on CNBC’s Fast Money TV Program, Tuesday July 12.

Pops & Drops Highlights:

Pops:

Orbitz (NYSE:OWW) – Up 30% - Guy Adami, of Drakon Capital LLC., is bearish and says,

“Hotel booking deal with Virgin Australia, there is a huge short interest, they all got squeezed today. I wouldn't buy it with your money, but that doesn’t mean you shouldn’t buy it.”

Orbitz Worldwide, Inc. operates as an online travel company worldwide. The company is trading on par with analysts' estimates. OWW has a median price target of $3.25 by 6 brokers and a high target of $4. The last up/downgrade activity was on Feb 11, 2011, when The Benchmark Company downgraded the company from Buy to Hold.

Freeport-McMoRan (NYSE:FCX) - Up 2% - Karen Finerman, of Metropolitan Capital Advisors, stated,

“Now even though it was sort of a risk off ”ish” kind of day… Freeport, copper and gold both were up, Freeport is up.”

Freeport-McMoRan Copper & Gold Inc. engages in the exploration, mining, and production of mineral resources. The company is trading significantly below analysts' estimates. FCX has a median price target of $66 by 14 brokers and a high target of $79.25. The last up/downgrade activity was on Jan 7, 2011, when Canaccord Genuity upgraded the company from Hold to Buy.

Sears (NASDAQ:SHLD) - Up 3% - Mike Khouw, of Cantor Fitzgerald, LP, says,

“Today it was actually up a lot more than that. I think some of that was due to rumors, number one, that one of the big holders Lambert might be acquiring more shares. But, the other thing you have to keep an eye on in stocks like this big short interest, put open interest also exceeds call open interest. I think there was a little bit of a short squeeze involved here.”

Sears Holdings Corporation operates as a retailer in the United States and Canada. The company is trading significantly above analysts' estimates. SHLD has a median price target of $51 by 3 brokers and a high target of $75. The last up/downgrade activity was on Dec 18, 2008, when UBS initiated coverage on the company with a Sell rating.

Drops:

Qualcomm (NASDAQ:QCOM) – Down 3% - Dan Nathan, Founder of RiskReversal.com, says,

“Yeah it was down along with the iShares PHLX SOX Semiconductor Sector (NASDAQ:SOXX), Novellus (NASDAQ:NVLS) reported and gave pretty bad guidance, down 11%, the stock was down in sympathy.”

QUALCOMM Incorporated engages in the development, design, manufacture and marketing of digital wireless telecommunications products and services. The company is trading below analysts' estimates. QCOM has a median price target of $67 by 37 brokers and a high target of $80. The last up/downgrade activity was on Apr 8, 2011, when MKM Partners upgraded the company from Neutral to Buy.

Delta (NYSE:DAL) - Down 4% - Joe Terranova, of Virtus Investment Partners, is bearish and states,

“I don’t get this one; UBS lowers its price target to guess where… 15 dollars and reiterates its buy on Delta. The stock is trading at 8 dollars and in essence 75 cents. Rising oil prices, that not good for Delta. Delta is one of my least favorite airlines… and UBS… give me a break.”

Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company is trading significantly below analysts' estimates. DAL has a median price target of $16 by 10 brokers and a high target of $20. The last up/downgrade activity was on Apr 11, 2011, when Dahlman Rose downgraded the company from Buy to Hold.

Deere (NYSE:DE) - Down 2% - Stephen Weiss, of Short Hills Capital LLC, says,

“They released their monthly tractor sales for retail yesterday… the numbers were a little weak and Deere said their inventory was much lower than any of their competitors. That means if sales rebound, they are not going to be able to take full advantage of it supposedly. I buy the stock around $80… $82.”

Deere & Company provides products and services primarily for agriculture and forestry worldwide. The company is trading significantly below analysts' estimates. DE has a median price target of $109 by 13 brokers and a high target of $116. The last up/downgrade activity was on Nov 19, 2010, when UBS upgraded the company from Neutral to Buy.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.