Fast Money Stock Picks – July 22, 2008 – Financials and Tech

Finerman:
BBT – BB&T Corp – Short
XLF – Financial Select Sector SPDR – Quick short – “Final Trade”

Terranova:
XLF – Financial Select Sector SPDR – Sell
XBI – SPDR S&P Biotech ETF – Take a look if you don’t want to play stock picker in biotech
Gold Futures – Buy – “Final Trade”

Najarian:
ETFC – E*Trade – Take a look, could start to make gains in the future
MCD – McDonald’s – Buy
WMT – Wal-Mart – Buy – “Final Trade”

Macke:
AMZN – Amazon – Take a look
T – AT&T – Sell – “Final Trade”

Gene Munster, Piper Jaffray analyst:
YHOO – Yahoo – Buy
AAPL – Apple – Buy

Tony Butler, Lehman Brothers analyst:
BMY – Bristol – Buy

Pops (stocks that jumped higher):
UPS – United Parcel Service (4%) – Finerman: I think oil helped
DPZ – Domino’s Pizza (22%) – Announced strong profits in the face of rising cheese and grain prices
CME – CME Group (12%) – Terranova: It might be worth playing from the longside
SWK – The Stanley Works (7%) – Reported higher sales
RCL – Royal Caribbean Cruises (18%) – Terranova: I’m not a buyer
WCG – WellCare Health Plans (24%) – Will restate earnings from 2004-2007
BBI – Blockbuster (7%) – Macke: I’d sell the pop
LM – Legg Mason (14%) – Terranova: I’d be a buyer around $31
AMLN – Amylin Pharma (8%) – Najarian: They didn’t make a lot of money but they didn’t lose so much either

Drops (stocks that slid lower):
VOD – Vodafone and ERIC – Ericsson (10%) – Both dropped on fears that consumer spending will slow on wireless products
SNDK – SanDisk (24%) – Macke: It’s a tough time to be a tech company
BSX – Boston Scientific (11%) – Najarian: They’re starting to have problems