Fast Money Stock Picks – July 31, 2008 – Financials and Rail

Adami:
XOM – Exxon – Buy
MER – Merrill Lynch – Buy
X – US Steel – Buy on a pullback
CLF – Cleveland Cliffs – Buy on a pullback
CELG – Celgene – Buy – “Final Trade”
BNI – Burlington Northern – Buy

Seymour:
XOM – Exxon – Buy if you think oil is going lower
DB – Deutsche Bank – Buy
HBC – HSBC – Buy
BCS – Barclay’s – Buy
AKS – AK Steel – Buy; the Russians are looking at this company closely
BNI – Burlington Northern – Buy
FCX – Freeport McMoRan – Buy – “Final Trade”

Jon Najarian:
PRU – Prudential – Buy
AIG – AIG – Buy

Macke:
ELN – Elan – Stay away – “Final Trade”
*Buy financial stocks on dips, but get rid of them on jumps

Finerman:
AXP – American Express – Buy
BBT – BB&T – Buy – “Final Trade”

Pops (stocks that jumped higher):
TYC – Tyco (5%) – Operating income increased
IP – International Paper (14%) – Adami: I think the stock has room up to $30
RIMM – Research In Motion (3%) – Investors think the upcoming ‘Bold’ smartphone could help the company win greater market share
WYN – Wyndham (3%) – Strong earnings from international properties
SGP – Schering-Plough (5%) – Seymour: I think this stock looks interesting
SYMC – Symantic (7%) – Announced Q2 earnings almost doubled on international sales growth

Drops (stocks that slid lower):
UL – Unilever (9%) – Seymour: They’re sacrificing margins for market share
EK – Eastman Kodak (7%) – Adami: No one is taking photos anymore
AKAM – Akamai (25%) – Cut its annual profit forecast on slowing sales and a weak economy
GMCR – Green Mountain Coffee Roasters (6%) – Seymour: The numbers don’t look too good
PH – Parker Hannifin (9%) – Adami: I like what they had to say about their aerospace sector
BARE – Bare Essentials (32%) – Lowered its 2008 forecast