Fast Money Recaps16 Jul 2009 08:39 am

Fast Money Stock Picks – July 15, 2009 – Tech and Commodities

Terranova:
SMH – Semiconductors – Buy
OIH – Oil Services HLDRs – Buy

Najarian:
MFE – McAfee – Buy
BUCY – Bucyrus – Buy
JOYG – Joy Global – Buy

Finerman:
CSCO – Cisco – Buy
BAC – Bank of America – Buy of JP Morgan comes out strong

Dennis Gartman:
AA – Alcoa – Buy
K – Kellogg – Buy
GIS – General Mills – Buy

Pops (stocks that jumped higher):
PALM – Palm (2%) – Najarian: I think it’s still pretty solid
AXP – American Express (12%) – Terranova: Jefferies has a $33 price target; I’m a buyer
OIH – Oil Services HLDRs (4%) – Bullish sentiment
EEM – Emerging Markets ETF (5%) – Seymour: It seems investors are chasing after this asset class
CADX – Cadence Pharmaceuticals (5%) – Najarian: The pop might not be over just yet
JNS – Janus Capital (2%) – Finerman: It’s not the best name in the space; don’t play it

Drops (stocks that slid lower):
ABT – Abbott Labs (3%) – Terranova: It doesn’t have enough diversification for me
YUM – Yum Brands (6%) – Despite a stronger than expected earnings report, a Jefferies analyst wasn’t quite so positive

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