Fast Money Stock Picks – June 22, 2009 – Financials and Tech

Adami:
JPM – JP Morgan – Short, but gets interesting around $28
AAPL – Apple – I think it trades down to $130
DRI – Darden Restaurants – Buy at $32.50

Terranova:
MSFT – Microsoft – Buy on the pullback
GS – Goldman Sachs – Buy
FCX – Freeport McMoRan – Buy
AAPL – Apple – I’ll be a buyer if the market turns around

Seymour:
POT – Potash – Within 5% of being attractive
IPI – Intrepid Potash – Within 5% of being attractive

Finerman:
RIG – Transocean – Buy

Dennis Gartman:
POT – Potash – Sell
AA – Alcoa – Sell

Pops (stocks that jumped higher):
WMT – Wal-Mart (1%) – Finerman: It’s a good place to hide in this market
COH – Coach (1%) – An analyst at Lazard commented that Coach seems to be pulling in younger customers with its new Poppy product assortment

Drops (stocks that slid lower):
BAC – Bank of America (10%) – Finerman: I think it’s oversold and I’m a buyer
XOM – Exxon Mobil (3%) – Terranova: Only one analyst has a sell in this stock
JOYG – Joy Global (10%) – Seymour: I’m a buyer 10% lower
WAG – Walgreens (6%) – Adami: I think the stock goes down to $25
RIMM – Research In Motion (7%) – Terranova: I like it but I wouldn’t own it until volatility comes in
MOS – Mosaic (9%) – Seymour: I think it’s ok to own right now