Fast Money Stock Picks – July 24, 2008 – Oil and Financials

Finerman:
XLF – Financial Select SPDR – Don’t short anymore
BBT – BB&T Corp – Short – “Final Trade”
WM – Washington Mutual – Buy

Seymour:
F – Ford – Buy as an international play
RIO – Vale – Buy on the dips
Gazprom – Buy
RDX – Russian Depository Index – Buy – “Final Trade”

Macke:
WYNN – Wynn Resorts – Sell
NKE – Nike – Buy
SCHW – Charles Schwab
*Watch the stocks of companies with celebrity CEOs (e.g. – Steve Jobs, Bill Gates, Rupert Murdoch). When the CEOs go, the stocks will drop

Jon Najarian:
PRU – Prudential – Keep your eye on it, it has potential
TSO – Tesoro – Buy
VLO – Valero – Buy

Terranova:
BUCY – Bucyrus – Buy as a trade
JOYG – Joy Global – Buy as a trade
VLO – Valero – Buy
SLB – Schlumberger – Buy – “Final Trade”

Jeff Lindsay, Sanford Bernstein analyst:
AMZN – Amazon – Buy at $97

Pops (stocks that jumped higher):
OXY – Occidental Petroleum (2%) – Terranova: I like the oil services sector if oil goes higher
RSH – Radio Shack (14%) – Macke: This is a nice opportunity to trim your position in Radio Shack
SANM – Sanmina-SCI (18%) – Seymour: Stay away
AN – AutoNation (11%) – Macke: Expectations are low

Drops (stocks that slid lower):
LUV – Southwest Airlines (6%) – Macke: No matter how good a company they might be, they’re still in the airline business
PHM – Pulte Homes (13%) – Finerman: Housing sector equals bad
MTL – Mechel (38%) – Seymour: I think this company is worth a shot
CMG – Chipotle Mexican Grill (20%) – Finerman: They’re great operators but they can’t overcome commodity costs right now
XRX – Xerox (5%) – Terranova: I wouldn’t touch it
SCHL – Scholastic Corp (7%) – Finerman: Doesn’t sound so good
HOT – Starwood Hotels (11%) – Not a lot of people on vacation these days and that dragged down guidance