Fast Money Stock Picks - July 15, 2008 - The US Dollar
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
What do you think of HGLC and the limited share buyback offer?