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



