Fast Money Stock Picks December 27 2007 - Hard hits
Fast Money Stock Picks December 27 2007 – Hard Hits
Writedown fears, concern about the possibility of the economy slowing, and the assassination of Benazir Bhutto hit the Dow hard.
Adami:
UL – Unilver – Buy
PG – Proctor & Gamble – Buy
MO – Altria – Buy
USB – Bancorp – Buy
TSO – Tesoro – Buy
DELL – Dell – Buy
DIS – Disney – Could go down with slow economy, but good for long term
INTC – Intel – Buy for long term – “Final Trade”
Najarian:
FNM – Fannie Mae – Buy
FRE – Freddie Mac – Buy
TSO – Tesoro – Buy
ORCL – Oracle – Buy – Morgan Stanley’s “Top Pick”
AAPL – Apple – Buy – Deal with Fox to rent movies through iTunes, early pressure but should be higher in the long run
DELL – Dell – Buy
GS – Goldman Sachs – Buy – Don’t bottom pick
MS – Morgan Stanley – Buy – Don’t bottom pick
LEH – Lehman – Buy – Don’t bottom pick
DIS – Disney – Could go down with slow economy, but good for long term
ADM – Archer Daniels Midland – Buy – “Final Trade”
Macke:
TSO – Tesoro – Buy
DIS – Disney – Could go down with slow economy, but good for long term
Finerman:
Recommends selling your portfolio’s long-term losers (more than a year)
IYR – iShares Dow Jones US Real Estate ETF – Sell – “Final Trade”
Schaeffer:
XLF – Financial ETF – Sell
C- Citigroup – Sell
Huckman (Pharmaceuticals reporter):
MDT – Medtronic – Buy – FDA expected to approve new drug
ABT – Abbot – Buy – Also expected FDA approval of new product
DNA – Genentech – Has a new breast cancer drug but FDA approval is iffy
DNDN – Dendreon – New prostate cancer drug being tested. Stock “not for the faint of wallet”
Gartman:
POT – Potash – Buy if dips. “Keeps making new highs”
Writedowns
C – Citigroup
MER – Meryll Lynch
JPM – JP Morgan
Pops
FRE – Freddie Mac (4%). Adami doesn’t like it.
WMG – Warner Music Group (2%). Macke: stay away.
CRUS – Citrus Logic (4%). Najarian: will probably drop tomorrow.
Drops
NOVN – Noven Pharmaceuticals (1%). Najarian: has a tentative agreement with the FDA, but that doesn’t necessarily translate into approval.
SPG – Simon Properties Group (3%). Finerman: stay short.
SLM – Sallie Mae (11%). Macke: selling stock, diluting value. Get out.
BA – Boeing (1%). Adami: cheap, but getting hammered.
Hi my name is chris, i’m a new investor.i’ve been investing for seven month now and i was wondering how come analyst don’t cover penney stocks.is it because they too cheap,or are they too dangerous.
It is because penny stocks are can be swayed easily while stocks are risky penny stocks Can be even more risky.