Fast Money Stock Picks – September 22, 2008 – Government Intervention
Pete Najarian:
BHI – Baker Hughes – Buy
MYL – Mylan Labs – Buy – Final Trade
Jon Najarian:
AIG – AIG – Watch
Finerman:
IYR – iShares Dow Jones US Real Estate – Short
BXP – Boston Properties – Short at some point (not immediately)
MSFT – Microsoft – Buy – Final Trade
Adami:
JNJ – Johnson & Johnson – Buy – Final Trade
Seymour:
EEV – UltraShort MSCI Emerging Markets ProShares – Buy – Final Trade
Carter Worth:
ABT – Abbot Labs – Buy
Pops (stocks that jumped higher):
AIG – AIG (23%) – Seymour: I think it’s more likely they sell off assets
PBR – Petrobras (2%) – Seymour: Get long PBR and short Brazil
FFH – Fairfax Financial (25%) – Reported strong third quarter earnings
Drops (stocks that slid lower):
KFT – Kraft (5%) – Finerman: It’s a wash
GM – General Motors (11%) – Couldn’t rally despite being added to the SEC short selling protection list
AMTD – TD Ameritrade (18%) – Pete: It’s just a pullback after hitting a 52-week high
AXP – American Express (8%) – Finerman: Also on the short-selling list
LM – Legg Mason (7%) – Rumors surfaced that it could go private
KMX – CarMax, Inc (7%) – Reported second-quarter profits fell on reduced consumer spending
SOV – Sovereign Bank (23%) – Received a downgrade from Friedman, Billings, Ramsey citing charges from its position in Fannie and Freddie and losses on the sale of its portfolio of CDO’s
LEN – Lennar (18%) – Dropped ahead of its earnings report
CME – CME Group (2%) – Dropped even though Citi reiterated its Buy rating