Fast Money Stock Picks – December 2, 2008 – Cheap Stocks

Macke:
YHOO – Yahoo – Short – Final Trade

Adami:
HON – Honeywell – Buy – Final Trade

Pete Najarian:
TLM – Talisman Energy – Buy – Final Trade
*There’s great opportunity to the upside with very limited downside:
XLF – Financial Select Sector SPDR
UYG – ProShares Ultra Financials

Jon Najarian:
SLW – Silver Wheaton – Buy
NXY – Nexen – Buy
BP – BP – Buy

Finerman:
DSX – Diana Shipping – Buy – Final Trade part 1
GNK – Genco Shipping – Short – Final Trade part 2
*If you buy commodities, be short oil

Brad Hintz, Bernstein Research analyst:
MS – Morgan Stanley – Buy

Pops (stocks that jumped higher):
MSFT – Microsoft (3%) – Finerman: I’ll take it
SPLS – Staples (8%) – Macke: I don’t like their long-term outlook
NOK – Nokia (4%) – Pete Najarian: I like it
LEA – Lear Corp (17%) – Said it is restructuring a deal with Toyota
WSM – Williams-Sonoma (23%) – Upgraded from ‘underperform’ to ‘buy’ by Merrill Lynch

Drops (stocks that slid lower):
MOS – Mosaic (7%) – Adami: Looks interesting at current levels
BZH – Beazer (8%) – Finerman: It was only a 12 cent move
PALM – Palm (7%) – Pete Najarian: I wouldn’t go near it
MMM – 3M (2%) – Macke: It’s a tough business
SLF – Sun Life Financial (9%) – A report in the Financial Times said that it may post more writedowns
TSRA – Tessera Technologies (46%) – Lost a patent-infringement ruling against six mobile companies, including Qualcomm and Motorola