Fast Money Stock Picks – June 2, 2009 – Trading America

Seymour:
AA – Alcoa – Buy
LFL – Lan Airlines – Buy
CPA – Copa – Buy
IPI – Intrepid Potash – Buy – Final Trade

Najarian:
AA – Alcoa – I wouldn’t chase it
V – Visa – Buy – Final Trade

Adami:
ESLR – Evergreen Solar – Buy – Final Trade

Terranova:
TSN – Tyson – Buy – Final Trade

Mike Gurka, First Street Capital:
FCX – CurrencyShares Canadian Dollar Trust – Buy

Stock of the Day:
SAFM – Sanderson Farms – Put it on your radar

Pops (stocks that jumped higher):
ESLR – Evergreen Solar (10%) – JP Morgan upgraded it from ‘underweight’ to ‘overweight’
ELN – Elan (9%) – Johnson & Johnson agreed to pay $1 billion for an 18% stake

Drops (stocks that slid lower):
OIH – Oil Service Holders (5%) – Adami: I think it’s ok to get in at $90
TIVO – TiVo (16%) – Najarian: The dip could be an opportunity because they may be on the other side of the [patent ruling] decision next time
LUV – Southwest Airlines (4%) – Morgan Stanley downgraded it from ‘equal weight’ to ‘underweight’
EXC – Exelon Corp (5%) – Increased its hostile bid for NRG Energy by 12% to about $7.5 billion and called the move its “best and final” offer
JCI – Johnson Controls (8%) – Deutsche Bank downgraded it from ‘buy’ to ‘hold’ due to concerns that it cannot withstand the slump in the auto industry
ILMN – Illumina (12%) – Said revenue in the second quarter fell short of its own forecast and Wall Street estimates