Fast Money Stock Picks – July 1, 2008 – Oil and Pharmaceuticals
Fast Money Stock Picks – July 1, 2008 – Oil and Pharmaceuticals
Seymour:
VIX – VIX – Buy at $30
TSL – Trina Solar – Buy – “Final Trade”
Adami:
GM – General Motors – Buy with a well-defined stop – “Final Trade”
T – AT&T – Buy
HAL – Halliburton – Buy
CELG – Celgene – Buy
TGT – Target – Buy
Najarian:
RIMM – Research In Motion – Buy
PRU – Prudential – Short – “Final Trade”
HBC – HSBC – Watch for put buying
SLB – Schlumberger – Take a look
COP – ConocoPhillips – Take a look
ELAN – Elan – Watch
WYE – Wyeth – Watch
MYGN – Myriad – Buy
NVS – Novartis – Buy
Finerman:
MRK – Merck – Buy – “Final Trade”
Stacey Gilbert, Susquehanna Market Strategist:
*Buy calls and sell the corresponding puts in the following companies:
VMW – WMWare
SHLD – Sears
UA – Under Armour
Pops (stocks that jumped higher):
AXP – American Express (6%) – Adami: I’d get out of this stock
CIT – CIT Group (30%) – Najarian: They’re at half of their February value
SHW – Sherwin-Williams (6%) – Won an appeal that would have otherwise cost them $2.4 billion
FTE – France Telecom (3%) – Goldman Sachs resumed coverage of the company with a ‘buy’, and Merrill Lynch upgraded it from ‘neutral’ to ‘buy’
Drops (stocks that slid lower):
NYX – NYSE Euronext (2%) – Finerman: I removed it from my ‘Buy’ list
YHOO – Yahoo (2%) – Najarian: I think it’s priced about right
BHP – BHP Billiton (3%) – Seymour: I like this company
DTG – Dollar Thrifty (40%) – Finerman: Annihilation is a good way to describe it; stay away
MT – ArcelorMittal (5%) – Seymour: Some feel they’re overpaying and that could be behind the drop
RHD – R.H. Donnelley (17%) – Finerman: Not a good time to be in a declining business
MNI – The McClatchy Company (7%) – Najarian: These guys are struggling
SFD – Smithfield Foods (12%) – Adami: I think it could go down further
