Fast Money Stock Picks - October 30, 2008 - Caution
Fast Money Stock Picks - October 30, 2008 - Caution
Adami:
CELG - Celgene - Buy - Final Trade
Finerman:
TIP - iShares TIPS Bond Fund - Buy - Final Trade
Pete Najarian:
YHOO - Yahoo - Buy - Final Trade
Jon Najarian:
MGM - MGM - Buy calls
LOW - Lowe’s - Buy calls
AFL - Aflac - Buy calls
Seymour:
EEV - UltraShort MSCI Emerging Markets ProShares - Buy - Final Trade
Jeffrey Saut, Raymond James chief investment strategist:
ADM - Archer Daniels Midland - Watch
FCX - Freeport McMoRan - Watch
CHK - Chesapeake Energy - Watch
Pops (stocks that jumped higher):
AMR - American Airlines (11%) - Traded inversely with the price of oil
EMC - EMC Corp (9%) - Adami: I like it
DB - Deutsche Bank (19%) - Reported a surprise third-quarter profit
CL - Colgate Palmolive (7%) - Third quarter profits rose 19% and sales jumped in spite of price increases
FSLR - First Solar (24%) - Beat analysts’ estimates on third quarter earnings and reaffirmed guidance for 2009
OI - Owens-Illinois (22%) - Reported third quarter earnings increased 18%
Drops (stocks that slid lower):
HIG - Hartford Financial (53%) - Finerman: I’d stay away
TGT - Target (5%) - Hedge fund manager Bill Ackman urged them to spin off a separate firm which would own the land the stores are built on
MOT - Motorola (6%) - Najarian: I’d forget about this stock
ELN - Elan Corporation (13%) - A patient taking their MS treatment contracted a life-threatening brain illness
AVP - Avon (16%) - Earnings missed expectations
LEA - Lear (12%) - Announced a loss of 88 cents per share, worse than expected



