Fast Money Stock Picks – January 12, 2009 – Retail and Financials

Finerman:
IYR – iShares Dow Jones US Real Estate – Short
FCE.A – Forest City – Short
CTV – CommScope – Put it on your radar

Pete Najarian:
DRYS – DryShips – Watch for profit-taking
EXM – Excel Martitime – Watch for profit-taking

Adami:
WMT – Wal-Mart – Buy, then take the trade off if it moves big
TGT – Target – Short, then take the trade off if it moves big

Jon Najarian:
HBC – HSBC – Put it on your radar; options action is looking similar to what happened to Bear Stearns and Lehman, but it could stop

Suze Orman:
PGF – PowerShares Financial Preferred – Buy if you’re looking for a financial play
SDY – SPDR S&P Dividend – Buy as an easy way to diversify your portfolio

Pops (stocks that jumped higher):
MO – Altria (2%) – Finerman: It has good cash flow
KFT – Kraft (3%) – Investors hope that falling milk prices will help

Drops (stocks that slid lower):
HOG – Harley-Davidson (12%) – Adami: Nobody’s buying motorcycles
UAUA – United Airlines (5%) – Pete: This is a great time to take profits
HIG – Hartford (18%) – National Assoc. of Insurance Commissioners rejected a plea to loosen reserve standards for cash-strapped companies
X – US Steel (13%) – Adami: I wouldn’t say buy it tomorrow (Tuesday), but maybe Wednesday
EQR – Equity Residential (6%) – Finerman: It was way overdone to the upside
BNI – Burlington Northern (6%) – Morgan Stanley downgraded it to ‘underweight’ due to an anticipated slowdown in traffic
MGM – MGM Mirage (8%) – Will take a charge of $1.2 billion in the 4Q related to its acquisition of Mandalay Resort Group
SAY – Satyam (84%) – Allegations of accounting fraud
AMZN – Amazon.com (6%) – Broadpoint AmTech downgraded it to ‘sell’, and suggested it could suffer a further slump in ’09
FSLR – First Solar (8%) – Investors took profits after analysts named it as a front runner in the solar sector