Fast Money Stock Picks – December 16, 2008 – Commodities

Macke:
ACI – Arch Coal – Buy
MCD – McDonald’s – Sell some
*Final Trade – Take gains

Adami:
AYI – Acuity Brands – Short
BA – Boeing – Buy – Final Trade

Najarian:
SPX – S&P – Buy
*Stocks to watch:
GG – Goldcorp
GFI – Gold Fields
SLW – Silver Wheaton
TRA – Terra Industries
AGU – Agrium

Seymour:
RKH – Regional Banks HLDRs – Buy
AEM – Agnico-Eagle Mines Limited – Short
GFI – Gold Fields – Short
GOLD – Rangold Resources – Short
SSL – Sasol – Buy
PBR – Petrobras – Buy
PTR – PetroChina – Buy
BIDU – Baidu – Buy – Final Trade
*If you want to play housing , check out emerging markets firms:
HXM – Homex – Buy
GFA – Gafisa – Buy
ICA – Empresas ICA – Buy

Finerman:
SRS – ProShares UltraShort Real Estate – Buy below $60 – Final Trade

Pops (stocks that jumped higher):
IYR – iShares Dow Jones US Real Estate ETF (12%) – Finerman: I’d short into that
GE – General Electric (6%) – Adami: I like Honeywell
EEM – iShares MSCI Emerging Markets ETF (8%) – Seymour: If commodities go higher, emerging markets should go higher
C – Citigroup (11%) – Entire financials services sector went up
BBY – Best Buy (18%) – Said it will offer voluntary severence packages to almost all its corporate workers and slash capital spending
INTC – Intel (7%) – Report suggested that global semiconductor sales will drop 16% next year, but worse news was already baked in
CHL – China Mobile Limited (7%) – Seymour: CHL is a great way to play emerging markets
GILD – Gilead Sciences (8%) – Merrill Lynch upgraded it from “neutral” to “buy”
BIDU – Baidu.com (12%) – Goldman upgraded it from “neutral” to “conviction”

Drops (stocks that slid lower):
UUP – PowerShares DB US Dollar Index (2%) – Macke: For now the dollar is busted
PM – Phillip Morris (1%) – US Supreme Court ruled that smokers can sue over the marketing of “light” cigarettes
SWHC – Smith & Wesson (13%) – Reported earnings for the 2nd quarter were worse than expected