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