Fast Money Stock Picks – August 15, 2008 – Tech and Retail
Fast Money Stock Picks – August 15, 2008 – Tech and Retail
Adami:
GS – Goldman Sachs – Buy
COL – Rockwell Collins – Look at it as a “down the road” play
X – US Steel – Sell
LMT – Lockheed Martin – Buy
TGT – Target – Buy
WMT – Wal-Mart – Sell
HD – Home Depot – Take some profits
Terranova:
GM – General Motors – Avoid
NOV – National Oilwell Varco – Buy – “Final Trade”
TGT – Target – Buy
Najarian:
XAL – Airlines – Can be profitable with oil at $115
STZ – Constellation Brands – Buy – “Final Trade”
DELL – Dell – Buy
Finerman:
HPQ – Hewlett-Packard – Buy
LDK – LDK – Sell
GLNG – Golar LNG – Buy – “Final Trade”
Jeff Harte, Sandler O’Neill & Partners analyst:
LEH – Lehman – Buy in the teens for the long term
Clay Sumner, FBR analyst:
DELL – Dell – Buy
HPQ – Hewlett-Packard – Buy for long term
Pops (stocks that jumped higher):
AAPL – Apple (4%) – Najarian: I think this stock is going higher still
GPS – Gap (7%) – Finerman: Same store sales were way down; an example of the bar being low in retail
CHK – Chesapeake Energy (5%) – Najarian: I like this stock and I hope this is just the beginning
AMZN – Amazon (7%) – Terranova: Goldman said it could go to $96 and I think they’re right
BBY – Best Buy (9%) – Made a deal to sell iPhones next month
GM – General Motors (11%) – Adami: I think it’s a short covering rally; I wouldn’t touch it
NVDA – NVIDIA Corp (18%) – Najarian: I’m looking for better margins in the future
SBUX – Starbucks (10%) – Terranova: Get long if gets above $18.36
EL – Estee Lauder (12%) – Beat earnings expectations on higher sales abroad
Drops (stocks that slid lower):
UNP – Union Pacific (8%) – Adami: I think it’s gotten ahead of itself
RIMM – Research In Motion (4%) – Terranova: It’s not a drop, it’s an opportunity
X – US Steel (5%) – Adami: Good earnings and the stock went down, that’s bad
