Fast Money Stock Picks – July 21, 2008 – Tech and Financials

Najarian:
AAPL – Apple – Buy
QCOM – Qualcomm – Worth a look
BRCM – Broadcom – Worth a look
ALTR – Altera – Worth a look

Finerman:
AXP – American Express – Buy if it drops to $35

Terranova:
COF – Capital One – Short
YHOO – Yahoo – Buy

Pops (stocks that jumped higher):
AIG – AIG (6%) – Bank of America upgraded it from ‘Neutral’ to ‘Buy’ saying the risk-to-reward ratio has become “very attractive”
WYNN – Wynn Resorts (6%) – Macke: Huge buy-back
BIIB – Biogen Idec (3%) – Najarian: Keep an eye on their earnings
VLO – Valero Energy (8%) – Terranova: Sideways oil allows the refiners to bide their time
TAC – Transalta Group (15%) – Najarian: That’s the end of this one; nice pop
TKR – Timken Co (22%) – Said it expects 2nd quarter profit to exeed expectations and boosted its full-year guidance

Drops (stocks that slid lower):
ARTC – ArthroCare (42%) – Announced plans to restate earnings for ’06, ’07, and the latest quarter
HAS – Hasbro (2%) – Macke: I’m sticking with this stock
CME – CME Group (2%) – Terranova: I expect CME to rally
WGO – Winnebago (5%) – Macke: They get about 3 miles per gallon, what did they expect
RCL – Royal Caribbean Cruise Lines (6%) – Terranova: I think the best they can do is flat earnings