Fast Money Stock Picks – January 23, 2008 – Trading the Market Surge
Fast Money Stock Picks – January 23, 2008 – Trading the Market Surge
Finerman:
MO – Altria – Buy
FLS – Flowserve – Buy
SPG – Simon Properties – Sell – “Final Trade”
*Sell positions in retail
Najarian:
AAPL – Apple – Buy – “The reversal you’ve been looking for”
PFE – Pfizer – Buy
MSFT – Microsoft – Buy, then sell at $35
YRCW – YRC Worldwide – Buy – “Final Trade”
*Sell retail now
Adami:
GOOG – Google – Buy – “No-brainer”
HD – Home Depot – Sell
PFE – Pfizer – Buy
AAPL – Apple – Buy – “Final Trade”
Macke:
WMT – Wal-Mart – Buy
MSFT – Microsoft – Buy – “The ultimate defensive play”
XLF – Financial Select SPDR – Buy – “Final Trade”
Tim Seymour:
*If the ECB (European Central Bank) cuts interest rates:
TKF – Turkish Investment Fund – Buy
TKC – Turkcell Iletisim Hizmetler – Buy
Mike Dudas – Metals, Mining, and Construction Analyst at Bear Stearns:
NEM – Newmont Mining – Buy
FCX – Freeport McMoRan – Buy
XLB – Materials SPDR – Buy, but could be volatile
Pops (stocks that jumped up):
USB – US Bancorp (7%) – Adami: will probably keep popping
COH – Coach (6%) – Finerman: part of the retail melt-up
EAT – Brinker International (22%) – Macke: way oversold
IWM – Small Cap ETF (3%) – Adami: might see some uptick over the next few days
T – AT&T (2%) – Najarian: I think the iPhone will do better
SBUX – Starbucks (8%) – experimenting with $1 small cups of coffee and free refills in Seattle
ETH – Ethan Allen (26%)
Drops (stocks that slid lower):
MOT – Motorola (19%) – Najarian: stay away
PETM – Petsmart (1%) – Macke: stay out
FLS – Flowserve (1%) – Finerman: I think it’s a buy
PX – Praxair (3%)
FCFS – First Cash Financial Services (34%) – “Jefferies cut this pawn shop operator to ‘hold’ from ‘buy.’”
Finerman’s good companies vs. not good companies:
“I think investors should select companies that have the financial strength not only to survive but thrive in this tough environment.”
ODP – Office Depot – Good
OMX – Office Max – Not good
MDC – MDC Holdings – Good
LEN – Lennar – Not good
AEO – American Eagle – Really good
BRK – Berkshire Hathaway – Really good
