Fast Money Stock Picks – August 17, 2009 – Anticipating a Correction

Seymour:
BIDU – Baidu – Short
PTR – PetroChina – Short
FXI – FXI – Short
XOM – Exxon Mobil – Put it on your radar
X – US Steel – Buy – Final Trade

Finerman:
BAC – Bank of America – Buy for long term
CTX – Centex – Buy
WMT – Walmart – Buy
XRT – SPDR S&P Retail – Short
PDE – Pride – Buy – Final Trade

Adami:
WFC – Wells Fargo – Buy at $24.50
HD – Home Depot – Buy on a pullback
SLB – Schlumberger – Buy around $49.50
UNH – UnitedHealth – Take profits
INTC – Intel – Buy around $16.50
KG – King Pharma – Buy below $10 – Final Trade

Najarian:
MSFT – Microsoft – Buy – Final Trade

Pip Coburn, Coburn Ventures:
AAPL – Apple – Buy
ANSS – Ansys – Buy
ADBE – Adobe – Buy
SY – Sybase – Buy

Jeff Tomasulo, SMB Capital:
IBM – IBM – Buy at $116, Sell at $120
JPM – JP Morgan – Buy at $41, Sell at $43
MCD – McDonald’s – Buy at $55, Sell at $60
SPY – SPDRs – Buy at $99, Sell at $102

Pops (stocks that jumped higher):
AET – Aetna (5%) – Adami: I’d take profits

Drops (stocks that slid lower):
FXI – iShares China ETF (5%) – Seymour: I think it continues to go down
CAT – Caterpillar (4%) – Adami: I think it slips to $40
BBT – BB&T (6%) – Finerman: In the long term I think the offering is a positive one
FCX – Freeport McMoRan (7%) – Najarian: I love this stock
AA – Alcoa (7%) – Seymour: I think it’s a buy around $11
RST – Rosetta Stone (27%) – Adami: I think it could go down even more
IDCC – InterDigital (24%) – A ruling favored Nokia in a patent infringement case