Fast Money Stock Picks – July 29, 2009 – Bulls and Bears
Fast Money Stock Picks – July 29, 2009 – Bulls and Bears
Najarian:
FXP – UltraShort FTSE/Xinhua China25 ProShares – Buy if you think there’s more room in the China pullback
BAC – Bank of America – Buy
DOW – Dow Chemical – Buy on a pullback but don’t chase it
MET – MetLife – Buy if it breaks above $35 – Final Trade
Adami:
X – US Steel – Buy at $35
JEF – Jefferies – Buy on a pullback to $19
EMN – Eastman Chemical – Buy
HIG – The Hartford – Buy – Final Trade
Seymour:
MS – Morgan Stanley – Buy
DOW – Dow Chemical – Buy on a pullback but don’t chase it
BASFY – BASF – Buy
PBR – Petrobras – Short – Final Trade
Terranova:
NKE – Nike – Buy – Final Trade
Dennis Gartman:
FCX – Freeport McMoran – Buy on a pullback to $2
David Bank, RBC:
DIS – Disney – Buy for long-term
Pops (stocks that jumped higher):
MEE – Massey Energy (7%) – Najarian: If you’re long, I’d take some off the table
CCE – Coca-Cola Enterprises (3%) – Beat on 2Q earnings due to cost cutting and price increases
LAZ – Lazard (13%) – Reported higher than expected 2Q earnings on Wednesday, helped by strength in its restructuring business
DAI – Daimler (3%) – Reported a loss that wasn’t as bad as predicted, and said they expect gradual improvement in profitibility
Drops (stocks that slid lower):
MT – ArcelorMittal (7%) – Seymour: Demand is recovering; I’d keep an eye on it
RCL – Royal Caribbean (15%) – Adami: I think it could go to $11
S – Sprint Nextel (12%) – Posted a larger than expected loss, citing a decline in subscribers
MCO – Moody’s (8%) – Said 2Q profit fell 19% as weak economies and tight credit markets curbed demand for credit ratings
