Fast Money Stock Picks – July 15, 2008 – The US Dollar

Macke:
ATVID – Activision Blizzard – Buy – “Final Trade”

Adami:
JNJ – Johnson & Johnson – Buy – “Final Trade”

Terranova:
AMZN – Amazon – Buy – “Final Trade”

Seymour:
XLF – Financial Services Sector – Short
VIP – Vimpel-Comm – Buy – “Final Trade”
*Get long the dollar

Steve Liesman, CNBC:
*Get long the dollar

Kris Jenner, T. Rowe Price Health Sciences Fund portfolio manager:
GILD – Gilead – Buy
BAX – Baxter – Buy

Pops (stocks that jumped higher):
STT – State Street (7%) – Adami: The stock should work, but remember it’s in the financial services space
MELI – MercadoLibre (4%) – No clear reason
ESLR – Evergreen Solar (11%) – Signed a new $1.2 billion contract with German-based IBC Solar AG
IKN – IKON Office Solutions (4%) – Raised its forecast citing higher profit margins
ATVID – Activision Blizzard (7%) – Took a new ticker and traded higher after boosting its first quarter guidance

Drops (stocks that slid lower):
XOM – Exxon Mobil (4%) – Terranova: I’d play Suncor and Petrobras instead
KMB – Kimberly-Clark (6%) – Macke: I’d rotate over to P&G
CNX – Consol Energy (6%) – Seymour: I think the resource area is cracked
HES – Hess Corp (7%) – Terranova: They’re directly tethered to the price of crude
ETN – Eaton Corp (7%) – Cut its forecast for the year citing customer weakness
PII – Polaris (4%) – Slid despite beating the Street