Fast Money Stock Picks – July 31, 2009 – Summer Rally

Adami:
BWA – BorgWarner – Put on your radar, but not a buy right now
HON – Honeywell – Buy if you like GE
RJF – Raymond James – Buy – Final Trade

Terranova:
TM – Toyota – Short
GOOG – Google – Watch, could go lower

Seymour:
CBD – Companhia Brasileira de Distrib. – Buy – Final Trade

Mike Khouw, Cantor Fitzgerald:
CVX – Chevron – Buy – Final Trade

Pops (stocks that jumped higher):
NKE – Nike (9%) – Terranova: I’d be long above $50, but if it goes below I’d get out
AMSC – American Superconductor (20%) – Adami: If it falls below $30 be careful
TLT – Barclays 20 Yr Treasury ETF (4%) – Moved higher on worse than forecast consumer spending and after successful gov’t auctions
WFC – Wells Fargo (5%) – Rival Bank of America announced plans to close locations, making WFC the bank with the most branches
EXPE – Expedia (12%) – Said bookings were down far less than expected

Drops (stocks that slid lower):
XOM – Exxon Mobil (3%) – Mike Khouw: I’d start building a position in rival Chevron
PFE – Pfizer (3%) – Adami: I’d stay away