Fast Money Stock Picks – February 27, 2009 – Avoiding ETFs

Macke:
TM – Toyota – Buy – Final Trade

Terranova:
IBM – IBM – Buy – Final Trade

Finerman:
FL – Foot Locker – Buy – Final Trade

Najarian:
MCD – McDonald’s – Buy – Final Trade

Pops (stocks that jumped higher):
IBM – IBM (4%) – Terranova: I think it could go to $100
CF – CF Industries (14%) – Agrium made a $3.6 billion bid for it
SHLD – Sears (4%) – Macke: This stock is heavily shorted; I’d get out
BX – Blackstone Group (23%) – Chairman Stephen Schwartzman reassured shareholders of their ability to weather further blows despite reporting a 4Q loss
YHOO – Yahoo (9%) – Investors are hopeful that a Microsoft deal may soon be back on the table
HD – Home Depot (7%) – Beat on 4Q earnings

Drops (stocks that slid lower):
WLP – WellPoint (18%) – Finerman: I think it’s overdone
FXY – CurrencyShares Japanese Yen Trust (3%) – Terranova: I would not be in this
MRK – Merck (14%) – Investors bid it lower on the belief that the Obama health plan will strangle profits
SLV – iShares Silver Trust ETF (8%) – Dropped along with the spot price of silver
ABX – Barrick Gold (18%) – Credit Suisse cut its target from $45 to $41