Fast Money Stock Picks – August 14, 2008 – Tech and India

Najarian:
GS – Goldman Sachs – Sell
XTO – XTO Energy – Buy
DVN – Devon – Buy
RIMM – Research In Motion – Buy
AAPL – Apple – Buy
ONXX – Onyx – Buy calls, “My favorite trade right now”
IBN – ICICI Bank – Buy as an India trade
JNPR – Juniper – Buy – “Final Trade”

Macke:
UUP – PowerShares DB US Dollar Index Bullish – Buy
WMT – Wal-Mart – Buy as an India trade, if they can break through the country’s restrictions on the size of retailers

Adami:
MA – Mastercard – Buy
TGT – Target – Buy for the second half of the year
DELL – Dell – Buy as an India trade
DE – Deere & Co – Buy – “Final Trade”

Finerman:
NOK – Nokia – Buy as an India play – “Final Trade”

David Trone, Fox-Pitt analyst:
GS – Goldman Sachs – Short

Pops (stocks that jumped higher):
UAUA – UAL Corp (5%) – Named a new VP, and oil went down
SJM – JM Smucker (8%) – Reported higher sales and said they were able to pass along higher commodity costs
EL – Estee Lauder (14%) – Finerman: That’s a very nice move, but now this stock is expensive
PMI – PMI Group (50%) – Adami: I wouldn’t get near this stock with your money, let alone mine
URBN – Urban Outfitters (4%) – Macke: I expect they’ll give back these gains
RL – Ralph Lauren (5%) – Will launch a mobile commerce site to stay ahead of the trend of mobile shopping
CTRP – CTrip.com (24%) – Said more people started to use the site to book flights and hotel rooms

Drops (stocks that slid lower):
TSO – Tesoro (4%) – Finerman: Gasoline is getting the best of them
BGP – Borders (6%) – Report suggests Barnes & Noble will not make a bid for it
BSX – Boston Scientific (2%) – Recalled a heart stent
LZB – La-Z-Boy (2%) – Downgraded due to weaker demand
FLO – Flower Foods (13%) – Missed on earnings, hurt by commodity costs