Fast Money Stock Picks – August 20, 2009 – Sugar, Green Energy, and Tech

Finerman:
*If you see a stock that is extremely overbought or oversold, I think it’s ok to step in and make a move, but otherwise I wouldn’t do much
ARO – Aeropostale – Buy – Final Trade

Seymour:
UBS – UBS – Buy
CZZ – Cosan – Buy
CPO – Corn Products International – Buy
GA – Giant Interactive – Buy
SNDA – Shanda – Buy
NOK – Nokia – Buy – Final Trade

Adami:
DKS – Dick’s Sporting Goods – Buy
GPS – Gap – Take Profits – Final Trade

Najarian:
AAPL – Apple – Buy
CX – Cemex – Buy – Final Trade

Steve Milunovich, Bank of America/Merrill Lynch head of clean tech strategy:
HEV – Ener1 – Buy
FSLR – First Solar – Buy
IBM – IBM – Buy
CSCO – Cisco – Buy

Pops (stocks that jumped higher):
PTR – PetroChina (2%) – Seymour: I think the move was more about short covering
HNZ – Heinz (2%) – Posted better than expected quarterly profits as consumers eat more at home to save money
UBS – UBS (10%) – Adami: I’d stay away from this stock
PRU – Prudential (4%) – Najarian: The price target is now $60
CSX – CSX (2%) – Optimism about the economy lifted it, and it should benefit as shipping increases
BAC – Bank of America (2%) – Adami: I think it’s near the resistance and I would not pile in here
AXP – American Express (2%) – Najarian: I think this move is more due to a belief that the economy is getting better

Drops (stocks that slid lower):
PETM – PetSmart (11%) – Lowered guidance and Credit Suisse downgraded it from ‘outperform’ to ‘neutral’
SHLD – Sears (11%) – Posted a surprise quarterly loss with the weak housing market continuing to weigh on its Craftsman tools and Kenmore appliances