Fast Money Stock Picks – January 23, 2009 – Gold and Energy
Fast Money Stock Picks – January 23, 2009 – Gold and Energy
Jon Najarian:
CAT – Caterpillar – Buy if it trades 3-4 dollars lower than where it closed Friday
AKS – AK Steel – Buy, and buy calls
Pete Najarian:
GLD – SPDR Gold Trust ETF – Buy
GNW – Genworth Financial – Buy – Final Trade
Adami:
GLD – SPDR Gold Trust ETF – Buy
JNJ – Johnson & Johnson – Buy – Final Trade
Finerman:
ROH – Rohm and Haas – Buy calls – Final Trade
Mike Khouw Cantor, Fitzgerald’s director of US equity derivatives:
COP – ConocoPhillips – Buy
XOM – Exxon Mobil – Short
Pops (stocks that jumped higher):
MS – Morgan Stanley (15%) – Finerman: They could be the cream of the crop
GERN – Geron (46%) – Najarian: Don’t get too excited
AAPL – Apple (7%) – Strong quarterly results
Drops (stocks that slid lower):
WMT – Wal-Mart (6%) – Macke: I no longer own Wal-Mart
PLA – Playboy (7%) – Adami: I think it could be a buy
NYT – New York Times (10%) – Macke: Not so good
WFR – MEMC Electronic Materials (7%) – Hapoalim Securities upgraded the firm from ’sell’ to ‘hold’
XRX – Xerox (8%) – Blamed consumer spending for its earnings miss and they gave a forecast that trailed analysts’ estimates
AFL – Aflac (38%) – S&P downgraded it, and concerns related to losses in UK banks
CSX – CSX (3%) – Concerns over volume
WFC – Wells Fargo (15%) – Some analysts’ speculated that it still needs billions more in equity for a sustained recovery
AA – Alcoa (11%) – Rio Tinto said it will reduce output and cut jobs as demand for metal continues to decline
