Fast Money Stock Picks - July 17, 2008 - Oil Drops
Fast Money Stock Picks - July 17, 2008 - Oil Drops
Macke:
POT - Potash - Sell
GM - General Motors - Sell - “Final Trade”
*Sell the rips, buy the dips
*Get out of oil
Adami:
XOM - Exxon - Buy
COP - ConocoPhillips - Buy
*Watch how Schlumberger (SLB) reports - that should tell you how to trade Baker Hughes (BHI) and Halliburton (HAL)
Najarian:
MER - Merrill Lynch - Sell
NOK - Nokia - Sell into the strength
APPL - Apple - Buy
CHK - Chesapeake - Buy - “Final Trade”
Finerman:
PM - Philip Morris Int’l - Buy - “Final Trade”
Pops (stocks that jumped higher):
UTX - United Technologies (6%) - Said demand was strong for its Otis elevator and fire and security equipment
BLK - Blackrock (16%) - Finerman: I think they’re best in breed
HOG - Harley-Davidson (7%) - Stood by its outlook for the year
COF - Capital One (14%) - Finerman: Earnings after hours weren’t terrible, I think that’s a huge victory for these guys
MTG - MGIC Investment Corp (35%) - Finerman: I think the pop is short covering
Drops (stocks that slid lower):
KO - Coca-cola (4%) - Najarian: They’re having a tough time
YUM - Yum! Brands (7%) - Macke: I like McDonald’s more
EBAY - eBay (14%) - Growing, but not as quickly as it once did
SWY - Safeway (11%) - Macke: The margin of error is very small in grocers
BK - Bank of New York Mellon (7%) - Najarian: That’s a big drop
NUE - Nucor Corp (11%) - Adami: I still like steel
IGT - International Game Tech (8%) - Cheif Executive T.J. Matthews called current weak market conditions ‘unprecedented’ citing a combo of increased casino competition, new smoking bans, and slower consumer spending
In your trade recommendation on 7-17 for CHK you state Buy “Final Trade”
What do you mean by “final trade”?