Fast Money Stock Picks – August 25, 2008 – China and Oil

Adami:
LEH – Lehman – Don’t buy
USB – USB – Buy
AMD – AMD – Buy
HD – Home Depot – Buy
YUM – Yum Brands – Buy if you want to trade China
XTO – XTO Energy – Buy – “Final Trade”

Pete Najarian:
HPQ – Hewlett-Packard – Buy
VIX – VIX – Watch
TIE – Titanium Metals – Buy – “Final Trade”

Jon Najarian:
LEH – Lehman – Don’t buy
RMBS – Rambus – Buy
FXI – FTSE/Xinhua China 25 Index – Buy
UNG – United States Natural Gas – Buy – “Final Trade”

Terranova:
Oil – Stay out
EXM – Excel Maritime – Buy if you want to trade China
GNK – Genco – Buy if you want to trade China
NOV – National Oilwell Varco – Buy
FCX – Freeport McMoRan – Buy
KOL – Coal ETF – Buy
*Step back from the market – “Final Trade”

Pops (stocks that jumped higher):
TREE – Tree.com (3%) – Jon N.: I don’t really like the business
CPSL – China Precision Steel (10%) – Rest of the steel sector fell

Drops (stocks that slid lower):
LOW – Lowe’s (3%) – Jon N.: I’d stay away
GE – General Electric (3%) – Pete N.: I think traders were selling the rip
MGM – MGM Mirage (9%) – Adami: I’d stay away
SBUX – Starbucks (3%) – Terranova: I’d take some profits if you own it
HWAY – Healthways (22%) – Pete N.: I’d stay out
CVC – Cablevision (5%) – Adami: Might be worth a look
HGR – Hanger Orthopedic (10%) – Announced it may sell up to 13.6 million shares
LEG – Leggett & Platt (2%) – Received an upgrade from ‘hold’ to ‘buy’ due to decision to divest some of its less profitable business