Fast Money Stock Picks – Decemeber 18, 2008 – Weak Dollar
Fast Money Stock Picks – December 18, 2008 – Weak Dollar
Najarian:
SI – Siemens – Buy
PCLN – Priceline.com – Buy as a weak dollar trade
JOYG – Joy Global – Buy
BUCY – Bucyrus – Buy
RIMM – Research In Motion – If it can break above $40 it should have some upside
PFE – Pfizer – Buy – Final Trade
Adami:
CELG – Celgene – Buy
HON – Honeywell – Buy – Final Trade
Finerman:
SDS – UltraShort S&P 500 – I’d sell half
UNH – UnitedHealth – Buy
ROH – Rohm & Hass – Buy – Final Trade
Terranova:
UUP – PowerShares DB US Dollar Index Bullish ETF – Buy – Final Trade
Karabell:
CSCO – Cisco – Could be a winner
*Trade the trend with a basket of industrial and commodity stocks or buying ETFs like:
EXI – iShares S&P Global Industries Sector ETF
MXI – iShares S&P Global Materials Sector Index ETF
XSD – SPDR S&P Semiconductor ETF
IEZ – iShares Dow Jones US Oil Equip ETF
FXE – CurrencyShares Euro Trust ETF
Pops (stocks that slid lower):
DFS – Discover Financial Services (8%) – Posted a higher than expected quarterly profit and applied to become a bank holding company in order to receive TARP funds
CCE – Coca-cola Enterprises (8%) – Boosted its full year profit forecast on increased sales volume
PRU – Prudential Financial (5%) – Renewed optimism that gov’t programs will provide a solid backstop
Drops (stocks that slid lower):
INTC – Intel (7%) – Jefferies cut it from “buy” to “underperform”
X – US Steel (12%) – Goldmand downgraded it from “buy” to “neutral”
CAT – Caterpillar (5%) – Najarian: Morgan has a $31 price target
JOYG – Joy Global (10%) – Adami: Looks cheap to me
XOM – Exxon Mobil (6%) – Terranova: I took my position off [Thursday]
WFR – MEMC Electronic (13%) – Najarian: Stay away for now
SCHL – Scholastic Corp (13%) – Reported that full year profits will come in below expectations
TTWO – Take-Two Interactive (26%) – Projected a loss for the quarter and fell short on 2009 profit expectations
