Fast Money Stock Picks – July 18, 2008 – Financials and Oil

Finerman:
C – Citigroup – Buy
PDE – Pride International – Buy – “Final Trade”

Macke:
C – Citigroup – Trim some gains
ETFC – E*Trade – Buy for a trade
AMTD – Ameritrade – Buy for a trade
USO – USO – Sell
MCD – McDonald’s – Buy – “Final Trade”

Najarian:
IBM – IBM – Buy
SNDK – Sandisk – Buy at $17
HAL – Halliburton – Buy – “Final Trade”
COP – ConocoPhillips – Buy
BHI – Baker Hughes – Buy

Terranova:
FCX – Freeport McMoRan – Buy – “Final Trade”

Pops (stocks that jumped higher):
INTC – Intel (7%) – Macke: I don’t think Intel is much to look at going forward
XHB – Homebuilders (15%) – Terranova: Housing starts were lost in the shuffle this week
GM – General Motors (32%) – Finerman: They don’t seem to have products that consumers want; I’d stay away
NOK – Nokia (6%) – Najarian: I’m interested to see if they have follow through
MAT – Mattel (19%) – Macke: I like Hasbro better
M – Macy’s (17%) – Finerman: It’s a nice turnaround
WERN – Werner Enterprises (26%) – A JP Morgan analyst upgraded it from ‘Underweight’ to ‘Neutral’, citing improved fuel efficiency and capacity utilization
TPX – Tempur-Pedic (28%) – Strong sales
IMAX – IMAX Corp (19%) – Macke: It’s a little ahead of itself

Drops (stocks that slid lower):
COP – ConocoPhillips (5%) – Terranova: It was a liquidation trade, I think it’s going higher next
AMD – Advanced Micro Devices (4%) – Najarian: They just can’t get out of their own way
ESLR – Evergreen Solar (11%) – Initially popped after inking a $1.2 billion deal with IBC Solar, but then dropped after it guided lower