Fast Money Stock Picks – August 18, 2009 – Energy and Tech
Fast Money Stock Picks – August 18, 2009 – Energy and Tech
Najarian:
HPQ – Hewlett-Packard – Take profits
KOL – Coal – Buy
TRLG – True Religion – Buy
PALM – Palm – Buy – Final Trade
Adami:
HPQ – Hewlett-Packard – Take profits
APA – Apache – Buy – Final Trade
HD – Home Depot – Buy on dips
Terranova:
OIH – Oil Services HLDRs – Buy if oil sustains above $70
TGT – Target – Buy
GOOG – Google – Buy puts – Final Trade
Steve Grasso:
OXY – Occidental Petroleum – Buy if you think oil is going to $85
AAPL – Apple – Buy – Final Trade
Rich Greenfield, Pali Capital media analyst:
*Keep an eye on developments around media stocks (including the pending court ruling for Redbox)
Doug Cliggott, Dover Management CIO:
Buy:
Consumer Staples
Health Care
Electric Utilities
Agriculture
Engineering & Construction
Short:
Consumer Discretionary
Technology
Retail REITs
Regional Banks
Pops (stocks that jumped higher):
A – Agilent Technologies (8%) – Najarian: They can’t keep up with demand
PALM – Palm (5%) – Grasso: I like the Pre
MGM – MGM (6%) – Optimism in the broad market lifted casinos
GLW – Corning (4%) – Oppenheimer raised its outlook from ‘perform’ to ‘outperform’
SKS – Saks (7%) – Quarterly loss was not as deep as expected
Drops (stocks that slid lower):
TJX – TJX Company (3%) – Terranova: I think it could go to $30
GERN – Geron (10%) – Adami: I think it’s a lottery ticket, but I’m a buyer
GME – GameStop (2%) – An analyst note suggested its 2Q results would fall short and the company would have to cut its guidance
Zimbabwe Dollar – Officially dead. The country’s government has decided to replace its currency with the US dollar and the South African rand
