Fast Money Stock Picks – May 29, 2008 – Oil and Tech
Fast Money Stock Picks May 29, 2008 Oil and Tech
Najarian:
*If oil breaks below $120, get out
V Visa Buy
JOYG Joy Global Buy on a pullback
BUCY Bucyrus Buy on a pullback
BOBE Bob Evans Short
BWLD Buffalo Wild Wings Short
AMLN Amylin Go out to July and buy the 35 strike calls
CHK Chesapeake Energy Buy Final Trade
Macke:
*Buy oil back if it slides another $5
MSFT Microsoft Buy
JCG J. Crew Buy Final Trade
Adami:
DELL Dell Take profits
INTC Intel Buy, for long term
MA Mastercard Dont stay in for short term
JOYG Joy Global Buy on a pullback
BUCY Bucyrus Buy on a pullback
TSO Tesoro Buy Final Trade
MSFT Microsoft Buy
Finerman:
BSX Boston Scientific Buy
C Citigroup Buy Final Trade
Joe Terranova, independent oil trader:
HES Hess Short
LUV Southwest Airlines Buy
*Go long the Canadian dollar
Pops (stocks that jumped higher):
HNZ Heinz (3%) Macke: Theyre a good operator
BIG Big Lots (8%) Finerman: Im short this stock
UA Under Armour (2%) Closed higher after Credit Suisse raised their price target for competitor Nike
TRMP Trump Entertainment Resorts (23%) Macke: Im not playing
GCO Genesco (6%) Finerman: Not so bad
EXPE Expedia (6%) Continued speculation of privatization
KOSN Kosan Biosciences (229%) Bristol Myers agreed to pay $190 million to gain control of Kosans experimental cancer treatments
AMLN Amylin (5%) Advanced ahead of ASCO this weekend
CWTR Coldwater Creek (7%) Loss this quarter was smaller than expected and the retailer said it might post a profit for full-year 2008
Drops (stocks that slid lower):
MAR Marriott (2%) Najarian: Business travel is getting squeezed
GLD Gold ETF (3%) Strengthening dollar
MW Mens Warehouse (10%) First quarter profits were below estimates, and they lowered their full year outlook



