Fast Money Stock Picks – January 26, 2009 – Tech
Fast Money Stock Picks – January 26, 2009 – Tech
Najarian:
XBI – SPDR S&P Biotech ETF – Buy
PALM – Palm – Buy – Final Trade
Adami:
HD – Home Depot – Buy – Final Trade
Seymour:
FXA – CurrencyShares Australian Dollar Trust – Buy – Final Trade
BIDU – Baidu.com – Buy
Jeff Lindsay, Sanford Bernstein analyst:
GOOG – Google – Buy
Pops (stocks that jumped higher):
CHK – Chesapeake Energy (6%) – Najarian: I’d wait and see
HD – Home Depot (5%) – Macke: They’re trying to get back to business
STT – State Street (5%) – UBS said it sees a merger with Goldman Sachs possible for it, as analysts belive it is an attractive takeover target
ING – ING Groep N.V. (21%) – CEO is resigning and they’re working on a restructuring plan which includes 7,000 job cuts
ATHN – Athena Health (4%) – Senate’s additional $3 billion for health care related IT spending could be a boost
DHR – Danaher Corp (9%) – 4Q earnings beat the Street’s estimates
HNZ – H.J. Heinz (3%) – Barron’s wrote a favorable report on it, saying it could become a takeover candidate
Drops (stocks that slid lower):
APOL – Apollo Group (2%) – Barron’s said education stocks might not be as good a play as they seem, citing high valuations
ROH – Rohm & Haas (13%) – Dow Chemical no longer intends to close its pending $15.3 billion acquisition deal on or before Tuesday, the deadline
USB – US Bancorp (11%) – Goldman Sachs added it to the conviction sell list, saying it’s overvalued compared to its peers
