Fast Money Stock Picks – January 28, 2009 – Banks and Pharmaceuticals

Adami:
STT – State Street – Sell
BAC – Bank of America – Could have a little more room to run
AMGN – Amgen – Interesting around $51
APOL – Apollo Group – Buy around $73
CELG – Celgene – Could surprise on the upside
GILD – Gilead – Buy – Final Trade

Macke:
XLF – XLF – Walk away
AMZN – Amazon.com – Sell ahead of the numbers
Bank stocks – Take profits – Final Trade

Finerman:
IYR – iShares Dow Jones US Real Estate – Sell – Final Trade

Seymour:
MELI – MercadoLibre – Buy – Final Trade

Paul Miller, FBR Capital Markets head of financial services:
Banks – If you’re long, sell them

John Roque, Natexis Bleichroeder technical analyst:
GLD – Gold ETF – Buy
or put these on your radar:
ABX – Barrick Gold – Any pullback to $36 or lower
AEM – Agnico-Eagle Mines – Buy on a pullback
GOLD – Randgold Resources

Pops (stocks that jumped higher):
STT – State Street (31%) – Macke: After a 31% gain, take profits
LYG – Lloyds Banking Group (66%) – Seymour: I wouldn’t be selling them
WLP – WellPoint (4%) – Reported medical costs increased less than analysts predicted, meaning the recession could help moderate health care costs
HD – Home Depot (4%) – Macke: I think they’ll continue the trend
HIG – Hartford Financial Services (21%) – State insurance commissioners backed proposals to loosen capital requirements
TUP – Tupperware Brands (7%) – Macke: In a recession people use tupperware to help cut food costs

Drops (stocks that slid lower):
LM – Legg Mason (7%) – Reported its largest loss in 25 years due in part to huge withdrawals and writedowns
AMLN – Amylin Pharmaceuticals (9%) – Adami: The quarter wasn’t that bad
NVS – Novartis (5%) – Profits fell below estimates in the 4Q, and its expected meningitis vaccine will be delayed until 2011