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



