Fast Money Stock Picks – August 18, 2008 – Home and Garden
Fast Money Stock Picks – August 18, 2008 – Home and Garden
Macke:
UUP – US Dollar – Buy
DE – Deere – If it pulls back to $63, buy with a tight stop
HD – Home Depot – Buy if it drops $1 or more after announced earnings – “Final Trade”
Adami:
HD – Home Depot – If it pulls back 5%, I think it’s a buying opportunity
HPQ – Hewlett-Packard – Take profits
JNJ – Johnson & Johnson – Buy – “Final Trade”
Finerman:
GLNG – Golar LNG – Buy – “Final Trade”
Brooke Crothers, computer chip blogger:
MRVL – Marvell Technologies – Buy
Pops (stocks that jumped higher):
UB – UnionBanCal (12%) – Japan’s MUFG said it will acquire the rest of the company for $3.5 billion, up 17% from previous bid
CROX – Crocs (14%) – Finerman: I can see no reason why this stock would go higher
RHD – R.H. Donnelley (16%) – Barron’s said the company may comeback this year if the directories remain popular
Drops (stocks that slid lower):
HSY – Hershey (9%) – Adami: Stifel Nicolaus came out with a sell rating
KR – Kroger (5%) – Macke: It’s just pain
SNDK – SanDisk (10%) – Adami: Be careful here
AMLN – Amylin (13%) – Najarian: Biotech is a tough space
DIN – DineEquity (11%) – Finerman: The market is getting spooked
BYD – Boyd Gaming (13%) – Adami: I think this is where this stock belongs
PWRD – Perfect World (9%) – Macke: I have no idea what to say
TSL – Trina Solar (3%) – Najarian: I guess everyone decided to get off the ship
