Fast Money Stock Picks – June 16, 2008 – Energy and Agriculture

Najarian:
CHK – Chesapeake – Buy
AMR – AMR – Buy on any pullback in crude (high risk, high reward)
RMBS – Rambus – Buy – “Final Trade”
ENER – Energy Conversion Devices – Buy on a pullback
DD – DuPont – Buy

Adami:
RIMM – Research In Motion – Buy
AAPL – Apple – Buy
WFR – MEMC Electronics – Buy with a stop at $63
PPC – Pilgrim’s Pride – Buy
ABK – Ambac – Buy (high risk, high reward)
DUG – UltraShort Oil & Gas ProShares – Buy (high risk, high reward)

Macke:
FDP – Fresh Delmonte – Buy (high risk, high reward)
DIS – Disney – Buy
GLW – Corning – Buy
IMAX – IMAX – Buy
DTV – DirecTV – Buy
PIR – Pier 1 – Buy – “Final Trade”

Joe Terranova:
AAPL – Apple – Buy with a stop at $165
PPC – Pilgrim’s Pride – Buy if you think gold topped out
WMT – Wal-Mart – Buy
GMCR – Green Mountain – Short (high risk, high reward)
SBUX – Starbucks – Buy (high risk, high reward)

Carter Worth, Oppenheimer Chief Market Strategist:
MS – Morgan Stanley – Stay away
GS – Goldman Sachs – Stay away

Pops (stocks that jumped higher):
LVS – Las Vegas Sands (7%) – Najarian: I think the short gets squeezed
BCS – Barclay’s PLC (4%) – Adami: Looks like a classic relief to me
HES – Hess Corp (2%) – Terranova: If oil comes down the integrated names could move up
LNY – Landry’s Restaurants (18%) – Macke: It’s a hard space in this economy
GME – GameStop Corp (8%) – Goldman Sachs upgraded its stock from “sell” to “neutral”
PIR – Pier 1 (7%) – Cost Plus rejected their unsolicited buyout offer

Drops (stocks that slid lower):
VZ – Verizon and T – AT&T – UBS downgraded them both over concerns that a slowing US economy will hurt the wireless business. Adami: I think $34 is support in AT&T
KO – Coca-Cola (3%) – Terranova: It’s near a 52-week low
HSY – Hershey (7%) – Macke: It’s a bitter-sweet story, stay away
RSG – Republic Services (7%) – Najarian: This stock worries me