Fast Money Stock Picks – January 16, 2009 – Infrastructure
Fast Money Stock Picks – January 16, 2009 – Infrastructure
Seymour:
FCX – Freeport McMoRan – Buy
INTC – Intel – Buy
COP – ConocoPhilips – Buy – Final Trade
Macke:
TM – Toyota – Buy – Final Trade
Finerman:
BBT – BB&T – Cover if you’re short – Final Trade
Terranova:
Infrastructure names – Buy – Final Trade
Pops (stocks that jumped higher):
EXC – Exelon (4%) – Terranova: It’s more of a recovery than a pop
MCD – McDonald’s (3%) – Macke: It’s a buy under $50
TRA – Terra Industries (26%) – CF Industries announced plans to acquire it for about $2 billion
KMB – Kimberly-Clark (2%) – Investors put money into it as a safe-haven play, away from volatile financials
TROW – T Rowe Price (3%) – Bounced despite an analyst note which said that 4Q results could disappoint
Drops (stocks that jumped higher):
MS – Morgan Stanley (4%) – Seymour: Anybody taking money from the government is going to lose
JPM – JP Morgan (6%) – Terranova: Sometimes you’re just happy to brake even
WFC – Wells Fargo (7%) – Macke: A sinking tide sinks all banks
EL – Estee Lauder (10%) – Slowdown in consumer spending
