Fast Money Stock Picks – June 12, 2009 – Transport and Tech

Adami:
JEF – Jeffries – Buy on a dip
BLK – Blackrock – Momentum could take it higher
CSX – CSX Corp – Buy
TXN – Texas Instruments – Short with a stop above $21.50 – Final Trade

Najarian:
BCS – Barclays – Could go lower
TIVO – TiVo – Could go higher
MRVL – Marvell Technologies – Buy
CSX – CSX Corp – Put it on your radar
BNI – Burlington Northern – Put it on your radar
TE – Teco Energy – Buy – Final Trade

Macke:
MCD – McDonald’s – Buy – Final Trade

Terranova:
BKE – The Buckle – Buy – Final Trade

Steve Grasso:
*Cover short positions

Jim Goldman:
RIMM – Research In Motion – Buy

Wayne Weddington, Pennoyer International Funds:
*Buy the stocks and short the SPDRs:
MCD – McDonald’s
WMT – Wal-Mart
FDO – Family Dollar
NDN – 99 Cents Only Stores

Pops (stocks that jumped higher):
AA – Alcoa (11%) – Terranova: It seems ripe for a pullback
ESLR – Evergreen Solar (39%) – Najarian: Be careful, solar stocks can burn
SKS – Saks (15%) – Deutsche upgraded it from ‘sell’ to ‘buy’ citing cost cutting and stabilization in the market
NVS – Novartis (6%) – Released positive vaccine data for the HN1 (swine flu) virus; if it makes it through the pipeline the drug could be worth up to $2 billion

Drops (stocks that slid lower):
AAPL – Apple (5%) – Macke: I’ve sold my position
MS – Morgan Stanley (4%) – Terranova: I like it for the long term
UNH – UnitedHealth (11%) – Adami: I’d get long with a stop at $22.50