Fast Money Stock Picks – Decemeber 17, 2008 – Energy and Infrastructure
Fast Money Stock Picks – December 17, 2008 – Energy and Infrastructure
Adami:
NVS – Novartis – Buy – Final Trade
Finerman:
IYR – iShares Dow Jones US Real Estate ETF – Sell – Final Trade
Najarian:
IGF – iShares S&P Global Infrastructure Index ETF – Buy as an infrastructure play
FLM – First Trust ISE Glbl Eng. & Const. Index ETF – Buy as an infrastructure play
ENER – Energy Conversion Devices – Buy – Final Trade
Terranova:
XOM – Exxon Mobil – Buy if you’re looking to play the energy complex
EOG – EOG Resources – Buy if you’re looking to play the energy complex
Pops (stocks that jumped higher):
M – Macy’s (18%) – Finerman: I would not be long
IYT – iShares Dow Jones Transport Avg. (3%) – Macke: Take profits
SLW – Silver Wheaton (4%) – Najarian: Be careful
JOYG – Joy Global (13%) – Adami: I think it’s cheap
CAG – ConAgra Foods (8%) – Beat estimates and assured investors that a turnaround was coming for its consumer foods business
HD – Home Depot (2%) – Lower mortgage rates should be a benefit
Drops (stocks that slid lower):
NWL – Newell Rubbermaid (27%) – Najarian: Maybe it’s oversold
HOV – Hovnanian (14%) – Adami: If you’re short, cover soon
GE – General Electric (3%) – Reported that they will no longer provide per-share forecasts
ADBE – Adobe Systems (3%) – Reported 4th quarter earnings of 60 cents a share, beating estimates, so investors took profits
HMC – Honda Motor (7%) – Investors worried that sales will decline as the yen gains against the dollar
