Fast Money Stock Picks – February 24, 2009 – Bottom Trades

Macke:
MS – Morgan Stanley – Buy for a momentum trade – Final Trade

Adami:
ABT – Abbott Labs – Buy – Final Trade

Seymour:
SSL – Sasol – Buy – Final Trade

Najarian:
HPQ – Hewlett Packard – Buy – Final Trade

John Malloy, Fast Money producer:
*Great long-term buying opportunities:
MO – Altria
IBM – IBM
LMT – Lockheed Martin
HPQ – Hewlett Packard
XTO – XTO Energy
XOM – Exxon Mobil

Jason Trennert, Strategas Research Partners cheif investment strategist:
Gold – Buy
XLE – Energy – Buy

Pops (stocks that jumped higher):
AAPL – Apple (4%) – Najarian: I like Apple
NTRS – Northern Trust (11%) – Popped despite reports that it spent millions on the Northern Trust Open, a PGA event
TM – Toyota Motor (8%) – Macke: I’m long a little
XHB – SPDR S&P Homebuilders ETF (7%) – A report said housing prices dropped at the fastest pace on record, possibly signalling a bottom
HNZ – H.J. Heinz (6%) – Najarian: Giddyup for this stock
RBS – Royal Bank of Scotland (17%) – Seymour: Take profits
MVL – Marvell Entertainment (15%) – Macke: I wouldn’t get involved
EEM – Emerging Markets ETF (6%) – Popped despite global economic concerns

Drops (stocks that slid lower):
FWLT – Foster Wheeler (20%) – Adami: Their backlog went down
ABX – Barrick Gold (11%) – Credit Suisse cut its price target from $45 to $41
DPZ – Domino’s Pizza (5%) – Said the dollar will have a negative impact on its international returns