Fast Money Stock Picks – August 21, 2008 – Oil Services

Najarian:
HAL – Halliburton – Buy
SLB – Schlumberger – Buy
DO – Diamond Offshore – Buy
AMLN – Amylin – Buy – “Final Trade”

Macke:
Oil services – Sell the rip

Terranova:
Crude oil – Buy – “Final Trade”

Adami:
CELG – Celgene – Buy – “Final Trade”

David Kelly, JP Morgan funds chief market strategist:
Gold – Sell

Will Landers, manager of BlackRock Latin America fund:
EWZ – Brazil ETF – Buy
or
PBR – Petrobras – Buy
RIO – Vale – Buy
BBD – Banco Bradesco – Buy
ABV – Companhia de Bebidas das Americas – Buy

Pops (stocks that jumped higher):
HD – Home Depot (2%) – More spring projects from do-it-yourselfers
ABX – Barrick Gold (7%) – Terranova: It’s a one day wonder
LTD – Limited Brands (13%) – Macke: I’d sell
STP – Suntch (7%) – Terranova: If you’re long I’d take off half
BYI – Bally Technologies (8%) – Adami: If it closes above $36 you might be looking at a breakout
THRM – Thermage (44%) – Pending merger agreement with Reliant Technologies was countered by a bid from an anonymous third party

Drops (stocks that slid lower):
UAUA – United Airlines (9%) – Terranova: Sell
CRM – Salesforce.com (18%) – Reported slow sales growth and projections fell below estimates
SVU – Supervalu (6%) – Adami: Jeffries gave it a $20 price target, and I think that’s where they’re going
JDSU – JDS Uniphase (12%) – Najarian: They missed on revenue, and that’s a problem
PVH – Phillips-Van Heusen (4%) – Missed earnings
BKS – Barnes & Noble (4%) – Weak sales forecast