Fast Money Stock Picks – August 27, 2008 – Oil, Tech, and Homebuilders

Adami:
Oil – Take profits ahead of the hurricane
XOM – Exxon Mobil – Sell and buy back at around $78
USB – USB – Take profits
BA – Boeing – Buy if it goes lower
ROC – Rockwell Collins – Buy
Airlines – Buy if you think oil is going lower
HD – Home Depot – Buy
EMC – EMC Corp – Buy – “Final Trade”

Terranova:
AAPL – Apple – Buy
RIMM – Research In Motion – Buy
POT – Potash – Short or Sell
MON – Monsanto – Short or Sell
MOS – Mosaic – Short or Sell
EXM – Excel Maritime – Buy – “Final Trade”

Jon Najarian:
AFL – AFLAC – Buy
NTAP – NetApp – Buy – “Final Trade”

Quint Tatro:
XLF – Financial Select Sector SPDR – Buy for a trade
POT – Potash – Short
MON – Monsanto  Short
MOS – Mosaic – Short
XHB – Homebuilders ETF – Buy with a stop below $17
THC – Tenet Healthcare – Buy with a stop below $5.25
SMN – UltraShort Basic Materials ProShares – Buy – “Final Trade”

Clay Sumner, FBR Research analyst:
DELL – Dell – Buy

David Schick, Stifel Nicolaus retail analyst:
BBY – Best Buy – Buy

Pops (stocks that jumped higher):
IKN – Ikon Office Solutions (9%) – Word that Ricoh agreed to buy it at an 11% premium
FXI – China ETF (3%) – Tatro: I’d take half off here
NUE – Nucor (3%) – Adami: I like it
VLO – Valero (4%) – Terranova: I’d take a look because of gasoline supplies
TLB – Talbots (29%) – Jon N.: Sell the rip
BGP – Borders (22%) – Terranova: I think you could get to double digits on this stock

Drops (stocks that slid lower):
MAT – Mattel (3%) – Adami: I like it at current levels
AMLN – Amylin (26%) – Terranova: Goldman maintains a $46 price target on it
SOLF – Solarfun (13%) – Tatro: I’m done with solars for a while
AXL – American Axle (2%) – Adami: I like Borg Werner better
DLTR – Dollar Tree (4%) – Jon N.: I think you can buy it on the dip
BWS – Brown Shoe (3%) – Tatro: It’s not for me