Fast Money Stock Picks - July 29, 2008 - Coal, Biotech, and Financials
Fast Money Stock Picks - July 29, 2008 - Coal, Biotech, and Financials
Adami:
MER - Merrill Lynch - Buy
X - US Steel - Buy
CELG - Celgene - Buy
USB - US Bancorp - Buy - “Final Trade”
GLW - Corning - Buy
MA - Mastercard - Buy
V - Visa - Sell
Finerman:
XLF - Financial Select Sector SPDR - Short
British Pound - Short
IYR - iShares Dow Jones US Real Estate - Short - “Final Trade”
SBUX - Starbucks - Sell
Najarian:
WYE - Wyeth - Buy if it pulls back to $30
ANR - Alpha Natural Resources - Buy
BUCY - Bucyrus - Buy
WLT - Walter Industries - Buy
XLY - Consumer Discretionary SPDR - Watch, it’s a great indicator of consumer discretionary space
GILD - Gilead - Buy
AAPL - Apple - Buy
WFC - Wells Fargo - Buy - “Final Trade”
Oil - Sell
Macke:
HAS - Hasbro - Buy
COST - Costco - Buy
WMT - Wal-Mart - Buy
XLF - Financial Select Sector SPDF - Take profits
CMCSA - Comcast - Short
Jeffrey Harte, Sandler O’Neill securities analyst:
MER - Merrill Lynch - Buy for short term, not long term
Dennis Gartman:
*Short crude oil a little, but not aggressively, and buy the US Dollar
Christopher Raymond, Robert W. Baird analyst:
GENZ - Genzyme - Buy
Pops (stocks that jumped higher):
CL - Colgate-Palmolive (8%) - Announced strong second quarter profit and higher prices
MAS - Masco (8%) - Adami: I’d sell any more upside
ENER - Energy Conversion Devices (5%) - Najarian: I like this stock
LEN - Lennar (11%) - Finerman: I think we have to wait and see
UA - Under Armour (7%) - Beat Street estimates due partly to the launch of their performance training footwear
Drops (stocks that slid lower):
SNE - Sony (6%) - Macke: Go away CEO Howard Stringer
FDP - Fresh Del Monte (14%) - Macke: They keep missing
MTW - Manitowoc (5%) - Dropped despite higher earnings on strong demand for cranes and shipbuilding equipment overseas
DIN - Dineequity (3%) - Finerman: Applebee’s is weighing them down
RCII - Rent-A-Center (8%) - Macke: It’s a bad business, I’d short it
CR - Crane (4%) - Warned of a lower full-year earnings despite higher second quarter profits
