Fast Money Stock Picks – April 16, 2009 – Retail

Seymour:
BCS – Barclays – Take profits – Final Trade

Finerman:
CSCO – Costco – Buy – Final Trade

Adami:
RLX – S&P Retail Index – Don’t buy, it’s too late to get in
YUM – Yum! Brands – Buy – Final Trade

Katie Stockton, MKM Partners tech analyst:
RLX – S&P Retail Index – Buy on any pullback
WMT – Wal-Mart – Buy on a pullback

Pops (stocks that jumped higher):
CI – Cigna (2%) – Najarian: Keep an eye on this name
OIH – Oil Service HLDRs ETF (3%) – Investors bet oil exploration firms will profit
MSFT – Microsoft (5%) – Barclay’s raised its price target largely due to optimism about Windows 7
ITW – Illinois Tool Works (6%) – Beat on 1Q earnings and forecast 2Q earnings in line with analysts’ estimates
GMKT – Gmarket (19%) – eBay extended a $1.2 billion offer to buy it
ATVI – Activision Blizzard (1%) – Said sales have remained strong and as a result they raised guidance
CAKE – Cheescake Factory (9%) – KeyBanc upgraded it from ‘hold’ to ‘buy’ citing a likely beat on earnings due to cost controls
FCS – Fairchild Semiconductor (11%) – Strong 2Q sales forecast

Drops (stocks that slid lower):
LUV – Southwest Airlines (7%) – Najarian: There was a lot of put buying in this stock, I’d keep an eye on it
GME – GameStop (7%) – Told CNBC that lowering the price of the three leading consoles will be necessary to keep the momentum going