Fast Money Stock Picks – July 23, 2008 – Tech and Financials

Macke:
WYNN – Wynn – Sell

Terranova:
WYNN – Wynn – Sell between $105 and $110

Najarian:
LVS – Las Vegas Sands – There’s huge put trading, I think it’s investors seeking protection
INTC – Intel – Buy – “Green Trade”
AMAT – Applied Materials – Buy – “Green Trade”

Seymour:
TIP – TIPs – Watch

Katie Stockton, chief market technician at MKM Partners:
XLF – Financial Select Sector SPDR – Buy
WFC – Wells Fargo – Buy
RGLD – Royal Gold – Buy

Pops (stocks that jumped higher):
XMSR – XM Satellite Radio and SIRI – Sirius Satellite Radio (10%) – FCC supposedly close to approving Sirius’ purchase of XM
PEP – PepsiCo (2%) – Terranova: I’d get long using $58 as a stop
ISRG – Intuitive Surgical (18%) – Sales of its signature Da Vinci surgical system really took off
CEC – CEC Entertainment (24%) – Macke: There’s been a huge rally in pizza makers
HSY – Hershey (5%) – Terranova: I wouldn’t get involved
WHR – Whirlpool Corp (13%) – Finerman: I think it would be a relief rally
HTZ – Hertz Global Holdings (7%) – Macke: The stock has been beaten senseless
PHLY – Philadelphia Consolidated (64%) – Announced it will be bought by Tokio Marine Holdings

Drops (stocks that slid lower):
BA – Boeing (4%) – Finerman: They always cite the mix and this quarter it was bad
ZMH – Zimmer Holdings (7%) – Najarian: It seems unbelievable to me that sales in this boomer play are weaker
R – Ryder System (10%) – Terranova: This is a good reason to own the IYR, which is the transportation ETF; spread out your risk