Fast Money Stock Picks – December 19, 2008 – Energy and the Dollar
Fast Money Stock Picks – December 19, 2008 – Energy and the Dollar
Najarian:
RIMM – Research In Motion – Buy
Airlines – If you have some, take a little off the table; if you have none, buy a little
IFN – The India Fund – Buy – Final Trade
Seymour:
FXE – CurrencyShares Euro Trust – Sell
TSO – Tesoro – Buy
VLO – Valero – Buy
SNP – China Petroleum – Buy
PTR – PetroChina – Buy
DXO – PowerShares DB Crude Oil Double Long – Buy – Final Trade
*Buy gold if you think many other nations will follow the US and devalue their currency
Terranova:
UNG – Natural Gas – Buy
UUP – PowerShares DB US Dollar Index Bullish – Take profits – Final Trade
Karabell:
XSD – SPDR S&P Semiconductor – Buy – Final Trade
Gartman:
Wheat – Buy
John Roque, Natixis Bleichroeder technical analyst:
Gold – Long term trend is up
CEPH – Cephalon – Buy, price target is $100 in 2009
DLTR – Dollar Tree – Buy, “I wouldn’t be surprised if there’s a 15% higher target in 2008″
Pops (stocks that jumped higher):
CELG – Celgene (8%) – Najarian: Biotech is going higher and should do the same in 2009
GS – Goldman Sachs (18%) – Najarian: I think it could go higher still
HON – Honeywell (13%) – Terranova: they’re going to focus on paying down debt
SI – Siemens (12%) – CEO said they’re in a strong financial position and their industrial sector is on track to reach its 2008-09 targets
BBY – Best Buy (15%) – Reported better than expected earnings
POT – Potash (7%) – Made gains after originally cut its profit forecast
Drops (stocks that slid lower):
AAPL – Apple (9%) – Steve Jobs won’t speak at Macworld Expo
CVX – Chevron (10%) – Terranova: Buy with a $68 stop
RSX – Russia ETF (7%) – Unemployment rate hit a 7-month high and retail sales fell for the first time since January
GE – General Electric (4%) – S&P cut its outlook citing concern over cash flow and funding for the finance unit
HBC – HSBC Holdings (17%) – Seymour: They outperform the rest of the sector
WY – Weyerhaeuser (7%) – 4th quarter earnings will be lower then expected; cut its dividend by over half
