Fast Money Stock Picks - July 16, 2008 - Financials, Oil and Tech
Fast Money Stock Picks - July 16, 2008 - Financials, Oil and Tech
Adami:
USB - USB - Buy with a 30-handle
XOM - Exxon - Buy
COP - ConocoPhillips - Buy
SLB - Schlumberger - Buy ahead of earnings - “Final Trade”
JNJ - Johnson & Johnson - Buy
BTU - Peabody - Buy
MSFT - Microsoft - Buy with a 30-handle
GOOG - Google - Buy if it takes a hit on earnings
Najarian:
UYG - Ultra Financials ProShares - Buy if you think the financials have turned
DUG - DUG - Buy if you think oil is broken
XAL - Airlines - Buy for a trade
IBM - IBM - Buy
GOOG - Google - Buy if it takes a hit on earnings
NVS - Novartis - Buy - “Final Trade”
Macke:
USO - USO - If you trade, do it with tight stops, and get out if it dips below $105
INTC - Intel - Sell
IBM - IBM - Buy
MSFT - Microsoft - Buy - “Final Trade”
Finerman:
PG - Proctor & Gamble - Buy
MSFT - Microsoft - Buy - “Final Trade”
AXP - American Express - Buy
Steve Cortes, founder of Veracruz Research:
XLE - XLE - Short
Pops (stocks that jumped higher):
SCHW - Charles Schwab (14%) - Earnings beat Street estimates
UPS - UPS (5%) - Moved in the opposite direction of oil
TGT - Target (6%) - Macke: I’d use it as a selling opportunity
CSX - CSX Corp (6%) - Najarian: I like their pricing power
USB - US Bancorp (18%) - Finerman: I like this stock
AMZN - Amazon (7%) - Macke: It’s a cacooning play sort of, but it’s still a tough environment for retail
STJ - St. Jude Medical (7%) - Najarian: I think everything looks great for them
ODFL - Old Dominion Freight Line (24%) - Announced it will beat second quarter EPS estimates and raised its annual EPS forecast
PIR - Pier 1 Imports (21%) - A Wedbush Morgan note said customers were making small impulse buys at its stores and analysts saw ‘medium traffic’ during Pier 1 semiannual sale
ALTR - Altera (12%) - Beat, and Canaccord Adams analyst Bobby Burleson raised his price target for the stock from $18 to $20
Drops (stocks that slid lower):
CBI - Chicago Bridge & Iron Co (16%) - Adami: I’d buy this stock with a stop out below $30
GCI - Gannett Co (5%) - Finerman: I can’t believe how low this stock is
