Fast Money Stock Picks – December 12, 2008 – Trade Fast

Finerman:
DSX – Diana – Trade around the big moves
UNH – UnitedHealth – Trade around the big moves
IBB – iShares NASDAQ Biotechnology Index ETF – Buy – Final Trade

Najarian:
FCX – Freeport McMoRan – There’s still some upside, but you’ve got to take some off the table
NKE – Nike – Buy – Final Trade

Seymour:
FRO – Frontline – Short interest is massive
CTX – Centex – Get out
DXO – Powershares DB Crude ETF – Buy – Final Trade

Adami:
TGT – Target – Move quickly to trade this
RIMM – Research In Motion – Looks interesting at current levels
NVS – Novartis – Buy – Final Trade

Louis Taylor, Deutsche Bank REIT analyst:
DRE – Duke Realty – Buy
MAC – Macerich Co – Buy

Pops (stocks that jumped higher):
XHB – S&P Homebuilders ETF (5%) – Mortgage rates dropped
EEM – iShares MSCI Emerging Markets ETF (9%) – Hopes Obama’s infrastructure package will spur growth worldwide
GGP – General Growth Properties (25%) – Finerman: I’d stay away
NUE – Nucor Corp (20%) – Adami: I’d take some off the table
AMLN – Amylin Pharmaceuticals (31%) – Najarian: Good stuff is happening there
TWX – Time Warner (5%) – Said the spin off of its cable business is on track to close in early 2009
COP – ConocoPhillips (7%) – Seymour: I think the stock is cheap
NYX – NYSE Euronext (28%) – Najarian: It was probably oversold

Drops (stocks that slid lower):
FDX – FedEx (16%) – Slashed its 2009 forecast
JPM – JP Morgan (7%) – Jamie Dimon expressed concern about 2009 and UBS slashed its price target
BNI – Burlington Northern (4%) – Adami: Could be a buy
PG – Proctor & Gamble (5%) – Adami: I like Church & Dwight better