Fast Money Stock Picks – February 11, 2009 – Metals and Biotech

Najarian:
GDX – Gold Miners ETF – Buy
FCX – Freeport McMoRan – Buy
XBI – SPDR S&P Biotech ETF – Buy – Final Trade

Adami:
Gold – Buy
AMGN – Amgen – Buy – Final Trade

Seymour:
Platinum – Buy
JNJ – Johnson & Johnson – Buy
TKC – Turkcell – Buy – Final Trade

Terranova:
WY – Weyerhaeuser – Buy
IBM – IBM – Buy – Final Trade

Pops (stocks that jumped higher):
STI – Suntrust Banks (11%) – Announced a quarterly dividend of 10 cents per share
IR – Ingersoll-Rand (14%) – Adami: I wouldn’t go running in
MT – ArcelorMittal (4%) – Seymour: I still like the steel play
ABX – Barrick Gold (4%) – Najarian: I think it still has room to go
XL – XL Capital (61%) – Announced it will cut 10% of its workforce and slash its dividend after a disappointing earnings report
CCE – Coca-Cola (10%) – Beat on 4Q earnings
RTP – Rio Tinto (5%) – Confirmed it is in talks with Cinalco
DF – Dean Foods (7%) – Reported 4Q profits surged due to low costs
YRCW – YRC Worldwide (18%) – Reassured investors it will be able to negotiate some of its debt covenants and will meet the mid-February deadline to announce new terms
PFCB – PF Chang’s China Bistro (2%) – 4Q earnings beat estimates due to cost controls, but cut its outlook for 2009

Drops (stocks that slid lower):
USO – US Oil Fund (3%) – Terranova: It’s tethered to the near-term price of oil
SIRI – Sirius XM (52%) – Speculation it will be filing for bankruptcy