Fast Money Stock Picks – August 10, 2009 – Pharma and Tech

Adami:
AYI – Acuity Brands – Consider it a shorting opportunity
WDC – Western Digital – $59 price target
YUM – YUM Brands – Buy
AYI – Acuity Brands – Short – Final Trade

Najarian:
MRK – Merck – Buy
JNJ – Johnson & Johnson – Buy
RIMM – Research In Motion – Buy if it gets in the $70 range – Final Trade

Seymour:
*Sell Chinese stocks, as industrial production could be disappointing – Final Trade

Pops (stocks that jumped higher):
PCLN – Priceline.com (14%) – Najarian: Probably ready for a pullback
GPS – Barnes & Noble (4%) – Terranova: The technical chart tells you to run for cover
HRL – Hormel (5%) – Najarian: Costs are cheaper, they’re doing phenomenally well

Drops (stocks that slid lower):
BBY – Best Buy (5%) – Adami: It’s been having trouble at the $41 mark, it could be head back to $35
PALM – Palm (6%) – Adami: It’s been down recently, and it looks to move lower from here
VMW – VMWare (3%) – Terranova: I think you can buy at this point
RBS – Royal Bank of Scotland (7%) – Seymour: This stock is dead