Fast Money Stock Picks – August 22, 2008 – Tech and Energy
Fast Money Stock Picks – August 22, 2008 – Tech and Energy
Adami:
AMAT – Applied Materials – Buy
DELL – Dell – Buy
MCD – McDonald’s – Buy – “Final Trade”
Terranova:
INTC – Intel – Sell
NVDA – NVIDIA – Buy – “Final Trade”
*Get out of the energy market
Quint Tatro:
ESLR – Evergreen Solar – Buy – “Final Trade”
ENER – Energy Conversion Devices – Buy
Zach Karabell:
WFR – MEMC Electronics – Buy
RIO – Vale – Buy – “Final Trade”
Pops (stocks that jumped higher):
MGM – MGM Mirage (20%) – Investors hoping that lower gas prices will lead to more travel
SLB – Schlumberger (6%) – Terranova: Stable oil prices would be good for it
FLR – Fluor Corp (10%) – Karabell: Buy if you believe in the global industrial buildout trade
NVDA – NVIDIA Corp (5%) – Adami: I think now you have a floor in this stock
CHK – Chesapeake Energy (4%) – Terranova: Nat gas can’t seem to find a bottom; Stay away
MEE – Massey Energy (11%) – Tatro: I’d stay away
LTD – Limited Brands (12%) – Delivered better-than-expected earnings
Drops (stocks that slid lower):
WB – Wachovia (8%) – Quatro: If you want to play financials, play the XLF
GM – General Motors (7%) – Tatro: Stay out of it
RIO – Vale (5%) – Slid along with metals and oil
