Fast Money Stock Picks – January 20, 2009 – Inauguration Day Trades

Najarian:
EBAY – eBay – Could have some upside
IYR – iShares Dow Jones US Real Estate – Buy puts – Final Trade

Adami:
USB – US Bancorp – Hoping to see a relief rally
JNJ – Johnson & Johnson – Buy – Final Trade

Macke:
C – Citigroup – Buy – Final Trade

Seymour:
MBT – Mobile TeleSystems – Buy – Final Trade

Karabell:
XLI – Industrials – Buy for longer term (approx. 6 months)
XLK – Technology – Buy for longer term (approx. 6 months)

Gene Munster, Piper Jaffray analyst:
AAPL – Apple – Buy

Pops (stocks that jumped higher):
NEM – Newmont Mining (4%) – Adami: I’d take profits
MO – Altria (2%) – Safe haven play

Drops (stocks that slid lower):
NYT – New York Times (8%) – Analysts predicted a continued slump in ad sales
PALM – Palm (3%) – Najarian: It’s up almost 100% in just a few weeks
BCS – Barclays (42%) – The UK government committed billions more for a bailout, suggesting another step toward nationalization
BBY – Best Buy (7%) – Macke: It’s Circuit City who’s liquidating
COP – ConocoPhilips (7%) – Cut 4% of its workforce
AMTD – TD Ameritrade (10%) – Said quarterly profit fell 23% and they reduced profit forecast for the year
JCP – JC Penney (10%) – Macke: Avoid retailers
CSX – CSX Corp (7%) – Goldman downgraded Canadian National Railway (a fellow rail company) from ‘buy’ to ‘neutral’
AA – Alcoa (11%) – Rival Rio Tinto announced plans to reduce production due to low demand
GRMN – Garmin (7%) – TomTom reduced its sales forecast due to a decline in the price of GPS units