Fast Money Stock Picks – January 9, 2009 – Healthcare and Biotech (again)

Najarian:
VIX – VIX – Watch; investors are not nearly as nervous as they were
DNA – Genentech – Could go higher
FCX – Freeport McMoRan – Take a look
AKS – AK Steel – Take a look
BBY – Best Buy – Buy if it gets near $23
ENER – Energy Conversion Devices – Buy – Final Trade

Finerman:
BBT – BB&T – Short
AEO – American Eagle – Buy – Final Trade part 1
ANF – Abercrombie & Fitch – Short – Final Trade part 2
XBI – SPDR S&P Biotech – Buy
IBB – iShares NASDAQ Biotechnology Index – Buy

Seymour:
SNE – Sony – Sell
ERJ – Embraer – Buy – Final Trade
*If you’re a debt player, look at:
JNK – SPDR Barclays Capital High Yield
TIPS – iShares Barclays TIPS Bond Fund
*If you want to play emerging markets look at:
MSD – Morgan Stanley Emerging Markets Debt
ESD – Western Asset Emerging Markets Debt Fund
*For oil plays look at:
HAL – Halliburton
SLB – Schlumberger

Karabell:
SCHW – Schwab – Buy – Final Trade

Mike Huckman, CNBC:
DNA – Genentech – Keep an eye on it
Roche (private) – Watch
*Watch for news:
GENZ – Genzyme
CELG – Celgene
AMGN – Amgen

Pops (stocks that jumped higher):
SHLD – Sears (13%) – Finerman: Stay away
PALM – Palm (91%) – Unveiled its new touch screen phone, the Pre, to great reviews
PBR – Petrobras (4%) – Seymour: I’m short the name
DE – Deere (11%) – Moved higher along with other ag names
FCX – Freeport McMoRan (8%) – Seymour: Industrial metals are rallying
MON – Monsanto (10%) – 1Q forecasts more than doubled and it increased its 2009 profit forecast
YRCW – YRCW Worldwide (49%) – S&P raised its credit rating, Wachovia upgraded it, and new union paycuts will save it millions

Drops (stocks that slid lower):
WFC – Wells Fargo (16%) – Karabell: It’s more of a bad financials story than a bad WFC story
OREX – Orexigen Therapeutics (15%) – A new study on its obesity pill, Contrave, didn’t produce substantial results
COH – Coach (18%) – Reduced its 2Q profit forecast due to weak holiday sales