Fast Money Stock Picks – August 24, 2009 – Money
Fast Money Stock Picks – August 24, 2009 – Money
Terranova:
GS – Goldman Sachs – Buy
MS – Morgan Stanley – Buy
F – Ford – Get out
FXY – CurrencyShares Japanese Yen Trust – Buy – Final Trade
Pete Najarian:
BTU – Peabody – Buy
WLT – Walter Industries – Buy
SHLD – Sears – Sell
JOYG – Joy Global – Buy – Final Trade
Jon Najarian:
SHLD – Sears – Buy
NVLS – Novellus – Buy – Final Trade
Steve Cortes:
Airlines – Short
*Pairs trade; short the Nasdaq against a long position in the S&P – Final Trade:
.NCOMP – Nasdaq – Short
.SPX – S&P – Buy
Pops (stocks that jumped higher):
AMD – Advanced Micro Devices (9%) – Jon Najarian: I like AMD at this price
BA – Boeing (3%) – Cortes: I’m not enthusiastic
CHIC – Charlotte Russe (26%) – Agreed to be acquired by Advent International for around $380 million
DELL – Dell (2%) – Terranova: I would cut my position
BYD – Boyd Gaming (4%) – Moved higher with the rest of the space as investors gamble that Las Vegas could be a winner in an economic rebound
HIG – Hartford Financial (2%) – Deutsche Bank raised its share price target by 25% to $25
Drops (stocks that slid lower):
TOL – Toll Brothers (4%) – Cortes: I’d stay away
HAR – Harman International (5%) – Speculation that it will be acquired has driven the shares beyond their worth
