Fast Money Stock Picks

Fast Money Stock Picks – September 2, 2009 – Gold

Terranova:
*Don’t sell gold
QCOM – Qualcomm – Worth a look
TIF – Tiffany – Buy – Final Trade

Najarian:
IPI – Intrepid Potash – Volume of calls suggests it could go higher
BP – BP – Looks cheap
AAPL – Apple – Under $165 and ahead of the developer’s meeting it looks interesting
OXPS – OptionsXpress – Buy – Final Trade

Adami:
OIH – Oil Services HOLDRs – Could trade down to $98
LAZ – Lazard – Buy
GHL – Greenhill – Buy
GILD – Gilead – Buy – Final Trade

Finerman:
AXL – American Axle – Buy (risky) – Final Trade

Dennis Gartman:
*I’ve seen what looks like a move away from currencies and into gold

Kimberly Greenburger, Citi retail analyst:
*Ease into these stocks over the next 4 to 5 weeks:
URBN – Urban Outfitters
JCG – J. Crew

Pops (stocks that jumped higher):
KO – Coca-cola (3%) – Investors bet that even if consumers remain weak, they’ll still want ‘the real thing’
TXT – Textron (12%) – Goldman Sachs upgraded it from ‘neutral’ to ‘conviction buy’
BF.B – Brown-Forman (6%) – Terranova: I like this stock with a stop around $44.29
MTW – Manitowoc (3%) – Stern Agee upgraded it from ‘neutral’ to ‘buy’ saying its food service unit should see improved demand
TTWO – Take Two Interactive (8%) – Reported a slightly smaller than expected quarterly loss and topped revenue forecasts, and settled a lawsuit
LVS – Las Vegas Sands (4%) – Adami: I think it could go higher still

Drops (stocks that slid lower):
LYG – Lloyds Banking (5%) – Moved lower along with rivals as financials sold off across the pond
XHB – SPDR S&P Homebuilders ETF (2%) – Terranova: In the space I’d look at DR Horton

Fast Money Stock Picks – September 1, 2009 – Banks and Gold

Adami:
HIG – Hartford – Take profits
WFC – Wells Fargo – Could go to $24; Short
JCG – J. Crew – Short – Final Trade

Najarian:
OIH – Oil Services HOLDRs – $100 could be an entry point
BAC – Bank of America – Some projections put it above $20
MOS – Mosaic – Keep an eye on it – Final Trade

Terranova:
GLD – Gold – Buy if you think the market will be spooked by public debt
ANR – Alpha Natural Resources – Buy – Final Trade

Seymour:
Gold – Buy
PBR – Petrobras – Short – Final Trade

Pops (stocks that jumped higher):
MOS – Mosaic (2%) – Najarian: It’s one to keep an eye on
COH – Coach (2%) – Adami: Valuations look fair to me, but I’m not a buyer
TXT – Textron (1%) – Morgan Stanley upgraded it from ‘underweight’ to ‘overweight’

Drops (stocks that slid lower):
XHB – SPDR S&P Homebuilders ETF (3%) – Adami: I think it has farther to fall
AIB – Allied Irish Banks (12%) – The government may cut payments to lenders
ETFC – E Trade (15%) – Terranova: I don’t like this stock
NOK – Nokia (5%) – Seymour: I wouldn’t throw the stock out the window
AXP – American Express (5%) – Terranova: If it gets to $30 I’d be a buyer