Fast Money Stock Picks – January 22, 2009 – Tech

Adami:
AAPL – Apple – Lighten up short term if it breaks below $193
AMZN – Amazon – Buy at $106
BAC – Bank of America – Cover shorts – Final Trade

Najarian:
MSFT – Microsoft – Buy
TEVA – Teva – Buy – Final Trade

Seymour:
PBR – Petrobras – Buy – Final Trade

Terranova:
DELL – Dell – Buy – Be long vs $13

Peter Schiff:
Gold – Buy on any pullback

Pops (stocks that jumped higher):
BRK.B – Berkshire Hathaway – (6%) Could soon be included in the S&P 500
JCI – Johnson Controls – (4%) Increased its full year forecast and gave an upbeat outlook
UNH – UnitedHealth – (2%) Goldman Sachs added it to its Conviction Buy list

Drops (stocks that slid lower):
HOG – Harley-Davidson – (8%) Terranova: If you’re short I’d take it off around $23
AMD – Advanced Micro Devices – (12%) Investors found the latest financial statements confusing and worried about the company’s ability to meet long-term challenges that lay ahead
AXP – American Express – (8%) Investors took profits after earnings beat forecasts
SLB – Schlumberger – (8%) Najarian: I don’t think it’s a buy but it’s getting close
COF – Capital One – (10%) Despite better than expected earnings investors sold the stock on concerns delinquencies remained high