Fast Money Stock Picks – July 8, 2009 – Recovery Stocks

Seymour:
RTP – Rio Tinto – Put it on your radar
BHP – BHP Billiton – Put it on your radar
VALE – Vale SA – Put it on your radar
MT – ArcelorMittal – Buy – Final Trade

Adami:
INTC – Intel – Final Trade

Finerman:
WFC – Wells Fargo – Buy preferred stock – Final Trade

Terranova:
AXP – American Express – Buy – Final Trade

Eugene Profit, Profit Investments:
UPS – UPS – Buy
V – Visa – Buy
NILE – Blue Nile – Buy

Pops (stocks that jumped higher):
FDO – Family Dollar (13%) – Terranova: I think it could go to $35
BTU – Peabody Energy (4%) – Seymour: They’re heavily exposed to Asia, and that’s where the demand is
COST – Costco (3%) – Finerman: If you want exposure to the space, I prefer Wal-Mart

Drops (stocks that slid lower):
AMD – Advanced Micro Devices (2%) – Investors took profits
AET – Aetna (3%) – Word came from President Obama that he still feels a government alternative to private insurance is key to healthcare reform
ESLR – Evergreen Solar (4%) – Investors interpreted lower crude to mean more affordable gasoline
GE – General Electric (3%) – A published report called into question its debt rating
LEN – Lennar (4%) – Closed lower along with other homebuilder stocks