Fast Money Stock Picks – February 21, 2008 – Utilities & Retailers
Fast Money Stock Picks – February 21, 2008 – Utilities & Retailers
Adami:
PEG – Public Service Enterprise Group – Buy
FLR – Fluor – Buy
JEC – Jacobs Engineering – Buy
SGR – Shaw Group – Buy
BWA – BorgWarner – Buy
FCX – Freeport-McMoRan – Buy
CSCO – Cisco – Buy
WMT – Wal-Mart – Buy
HD – Home Depot – Buy
MA – MasterCard – Buy
ARII – American Railcar – Sell
DNA – Genentech – Buy; decision pending on whether new drug, Avastin, can be used to improve quality of life in cancer patients. If it gets FDA approval (30-35% chance, according to Adami) stock could go up $7. If it doesn’t get approval, may only go down $2-3. Adami thinks it’s worth the risk – “Final Trade”
Macke:
RIMM – Research in Motion – Sell
TGT – Target – Buy
SBUX – Starbucks – Buy – “Final Trade”
Finerman:
AAPL – Apple – Buy
JCP – JC Penney – Buy
WMT – Wal-Mart – Buy
AEO – American Eagle – Buy if it dips below $20
MO – Altria – “Final Trade”
Seymour:
MT – ArcelorMittal – Buy
GAF – SDPR S&P Emerging Middle East & Africa ETF – Buy
XLU – Utility ETF – Buy
SWC – Stillwater Mining – Sell – “Final Trade”
Pops (stocks that jumped up):
LPX – Louisiana Pacific (3%) – Adami: a homebuilding nightmare; stay away
CPA – Copa Holdings (6%) – Seymour: beat earnings amid soaring jet fuel prices; good news, and gives exposure to commercial and cargo in Latin America
Drops (stocks that slid lower):
SWY – Safeway (7%) – Macke: said it would fire employees to keep up margins; that’s not good enough for this market
LEH – Lehman Brothers (3%) – Finerman: wouldn’t be surprised to see more write-downs in the future
IBN – ICICI Bank (3%) – Seymour: the Indian state bank is issuing new bonds that will cut into the margins of ICICI and others
LULU – Lululemon (11%) – Finerman: the COO leaving is bad news and the stock has a very rich multiple
GM – General Motors (5%) – Adami: extraordinarily wary
NVTL – Novatel Wireless (23%) – Macke: Sprint, the “lunatic” of the wireless industry, is undercutting Novatel by practically giving away wireless cards
APOL – Apollo Group (9%) – Adami: student loan concerns are hurting everyone in this space, but APOL is still better than the rest
