Fast Money Stock Picks – April 20, 2009 – Pharamceuticals
Najarian:
TEVA – Teva – Watch
AMLN – Amylin – Watch
IBB – iShares NASDAQ Biotechnology Index – Buy – Final Trade
Adami:
ABT – Abbott Labs – Buy – Final Trade
Finerman:
PPH – Pharmaceutical HLDRs – Buy
CSCO – Cisco – Buy – Final Trade
Terranova:
AMGN – Amgen – Watch, may have reached bottom
NTG – NATCO Group – Buy – Rising Star Stock
XOM – ExxonMobil – Buy – Final Trade
Pops (stocks that jumped higher):
DNDN – Dendreon (9%) – A Lazard Capital analyst upgraded shares on potential for the prostate cancer drug Provenge
SKS – Saks (3%) – JP Morgan upgraded it from ‘neutral’ to ‘overweight’ citing overly bearish sentiment
CXR – Cox Radio (2%) – Cox Enterprises said it is extending a tender offer to buy the rest of Cox Radio Inc’s publicly held shares it does not already own
Drops (stocks that slid lower):
AGN – Allergan (5%) – Adami: There was takeover chatter that didn’t pan out
PEP – Pepsico (4%) – Proposed buying the outstanding shares it does not own in its two largest bottlers, Pepsi Bottling Group (PBG) and PepsiAmericas (PAS) in a $6 billion cash and stock deal
X – US Steel (11%) – Terranova: Get long
SBUX – Starbucks (6%) – Najarian: Around $11 I think this stock gets interesting
DELL – Dell (7%) – Investors turned bearish, perhaps because Oracle announced a deal to buy Sun Microsystems
LEN – Lennar (19%) – Said it may sell as much as $275 million in common stock
TXT – Textron (16%) – Investors grew skeptical that last week’s speculation of a takeover was just that
HBAN – Huntington Bancshares (20%) – Investors bid it lower ahead of earnings Tuesday