Fast Money Stock Picks – August 19, 2009 – Oil and Tech

Terranova:
XBI – SPDR S&P Biotech – Buy with a stop out at $49.75
PFE – Pfizer – Will get interesting if it gets above $16.70
AMZN – Amazon – Buy – Final Trade

Najarian:
POT – Potash – Options action suggests it could move higher
CIEN – Ciena – Investors may be betting on a sharp move higher
FCX – Freeport McMoRan – Buy around $50 and sell around $65
HPQ – Hewlett-Packard – Buy – Final Trade

Seymour:
XOM – Exxon – Buy – Final Trade

Finerman:
SYK – Stryker – Buy – Final Trade

Dennis Gartman:
*Watch the price of gasoline as a proxy for consumer spending
*Be careful not to pay too much attention to the Shanghai Index

Mark Mahaney, Citi analyst:
GOOG – Google – Buy with a $580 price target

Pops (stocks that jumped higher):
HES – Hess (1%) – Goldman Sachs took it off its conviction buy list, but shares jumped as the price of crude surged higher
SNP – China Petroleum & Chemical (3%) – Seymour: I’d put it on my radar
OIH – Oil Service HLDRs (2%) – Traded in the same direction as the spot price of crude

Drops (stocks that slid lower):
AA – Alcoa (3%) – Terranova: I’d move on
UBS – UBS (3%) – Seymour: I’d step in on a move like this
ERTS – Electronic Arts (2%) – Najarian: I’d keep an eye on the space
DE – Deere (3%) – Terranova: I like Deere and I’d stay with this stock
YGE – Yingli Green Energy (5%) – Najarian: The margins are killing them