November 2008


Fast Money Recaps26 Nov 2008 09:50 am

Fast Money Stock Picks – November 25, 2008 – Washington Spending

Macke:
SPX – S&P – Short with a stop above 860
SPY – SPDR Trust – Short with a tight stop – Final Trade

Adami:
HD – Home Depot – Buy – Final Trade

Finerman:
XRT – SPDR S&P Retail – Buy if Wednesday is a big down day – Final Trade

UYG – ProShares Ultra Financials – Buy – Final Trade

Whitney Tilson, T2 Partners founder:
BRK.A – Berkshire Hathaway – Buy, it’s the cheapest we have ever seen it

Pops (stocks that jumped higher):
GOOG – Google (9%) – Macke: I’m skeptical
FLR – Fluor Corp (4%) – Finerman: I think you’ve got to love engineering firms in the President-elect Obama environment
UAUA – UAL Corp (24%) – Altered its deal with its largest credit card processor, suspending a requirement to maintain addition cash reserves if its balance falls below $2.5 billion
SLM – Sallie Mae (22%) – Fed revealed its newest bailout plan
DLTR – Dollar Tree (9%) – 3Q profits beat estimates and the company raised its 2009 guidance
GGP – General Growth Properties (36%) – Billionaire investor Bill Ackman bought a 20% stake in the company
ETFC – E*Trade Financial (50%) – Said it’s optimistic it will receive funds from TARP
CTRN – Citi Trends (34%) – Reported a 3Q loss that was less than analysts expected

Drops (stocks that slid lower):
RIMM – Research In Motion (8%) – Najarian: It seems like investors buy this stock at $40 and get out around $45
GM – General Motors (1%) – Merrill Lynch and JP Morgan analysts both said the company must cut debt and labor costs in order to survive
SBUX – Starbucks (2%) – Said it expects sales to continue to be negative through the end of the year
LM – Legg Mason (2%) – Friedman, Billings, Ramsey & Co. analyst Matt Snowling cut his rating from ‘Market Perform’ to ‘Underperform’ and cut its price target from $18 to $11

Fast Money Recaps24 Nov 2008 11:52 pm

Fast Money Stock Picks – November 24, 2008 – Lack of Confidence

Finerman:
DSX – Diana Shipping – Final Trade part 1
GNK – Genco Shipping – Final Trade part 2

Seymour:
VIP – Vimpel-Comm – Buy – Final Trade

Terranova:
ABT – Abbott Labs – Worth a look
GIS – General Mills – Worth a look
BNI – Burlington Northern – Worth a look
FXB – CurrencyShares British Pound ETF – Buy – Final Trade

Carter Worth:
CPB – Campbell’s Soup – Buy
BMY – Bristol Myers – Buy

Pops (stocks that jumped higher):
AAPL – Apple (12%) – Terranova: I like it with a stop at $83
NYT – New York Times (24%) – Citigroup raised it from ‘sell’ to ‘hold’
DNA – Genentech (5%) – Finerman: I’m long
BAC – Bank of America (27%) – The entire banking sector closed higher after Washington agreed to bail out Citigroup
XRX – Xerox (17%) – 2009 profit forecast beat estimates
CME – CME Group (14%) – Reaction to Citigroup bailout
HOTT – Hot Topic (27%) – Should benefit over the next few months because of “Twilight”
ALO – Alpharma (8%) – King Pharmaceuticals agreed to buy it for $37 a share

Drops (stocks that slid lower):
GOOG – Google (2%) – Terranova: I think it could be a bottom
CPB – Campbell Soup (7%) – Sales missed estimates and full year profits may be hurt
ETFC – E*Trade Financial (2%) – Investor doubt over its ability to secure financing from the TARP fund

Fast Money Recaps23 Nov 2008 09:13 pm

Fast Money Stock Picks – November 21, 2008 – Obama’s Treasury Secretary Announced

Adami:
GPS – The Gap – Looks OK
TGT – Target – Looks OK long term
BRCM – Broadcom – A raging buy

Finerman:
NVDA – Nvidia – Looks cheap
CSCO – Cisco – Buy
MSFT – Microsoft – Buy
DELL – Dell – Buy

Pops (stocks that jumped higher):
HPQ – Hewlett-Packard (13%) – Adami: This stock is still cheap
GYMB – Gymboree (2%) – Beat earnings estimates for the third quarter

Drops (stocks that slid lower):
JPM – JP Morgan (34%) – Adami: It wasn’t a good week to be a bank
M – Macy’s (23%) – Its debt started trading like a junk bond
USG – USG Corp (23%) – Finerman: It’s been a bad week for Buffett
NYT – New York Times (27%) – Announced a 74% cut in its dividend as revenue continues to decline

Fast Money Recaps21 Nov 2008 09:14 am

Fast Money Stock Picks – November 20, 2008 – Citigroup

Macke:
SDS – ProShares UltraShort S&P500 ETF – Take some off the table – Final Trade

Adami:
DKS – Dick’s Sporting Goods – Buy on a dip – Final Trade

Karabell:
C – Citigroup – Buy

Najarian:
IYR – iShares Dow Jones US Real Estate ETF – Buy puts – Final Trade

Peter Schiff, the man who predicted the recession:
Buy dips in commodities
Buy stocks abroad; get out of the dollar

Friedman Billings Ramsey’s list of companies in need of further capital:
MS – Morgan Stanley
GS – Goldman Sachs
WFC – Wells Fargo
JPM – JP Morgan
AIG – AIG
BAC – Bank of America
GE Financial (Division of GE)

Fast Money Recaps19 Nov 2008 09:16 pm

Fast Money Stock Picks – November 19, 2008 – Falling Prices

Adami:
MCD – McDonald’s – Buy – Final Trade

Macke:
TM – Toyota – Buy if it goes 5% higher, until then Short
TGT – Target – Buy if it goes 5% higher, until then Short

Finerman:
SPY – SPDRs – Cover – Final Trade

Najarian:
HD – Home Depot – Buy – Final Trade

Terranova:
XOM – ExxonMobil – Buy
BNI – Burlington Northern – Buy
DIS – Disney – Buy

Dennis Gartman:
GS – Goldman Sachs – Short
SPG – Simon Property Group – Short
NVR – NVR Inc – Short

Pops (stocks that jumped higher):
SJM – JM Smucker (0.5%) – Upgraded from ‘underperform’ to ‘buy’ by Merrill Lynch
TSN – Tyson Foods (1%) – Declared a quarterly dividend of 4 cents a share

Drops (stocks that slid lower):
AZN – Astra-Zeneca (12%) – Announced it was revising its forecast to the lower end of the EPS range it provided on Oct 30
FCX – Freeport McMoRan (6%) – Adami: Just not working right now
COF – Capital One (9%) – Finerman: I’m short
RCL – Royal Caribbean (17%) – Macke: No good
FSLR – First Solar (9%) – Najarian: Troubles are across the sector
AA – Alcoa (14%) – JP Morgan cut its 2009 earnings estimate
SUN – Sunoco (12%) – Deutsche downgraded it from ‘hold’ to ‘sell’ citing crude oil’s price decline
LZB – Lay-Z-Boy (36%) – Withdrew its full-year earnings forecast and cut the quarterly dividend in half
JBX – Jack In The Box (11%) – Reported a lackluster 4th quarter and disappointing outlook for the start of the fiscal year

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