Fast Money Stock Picks – June 24, 2009 – Energy
Fast Money Stock Picks – June 24, 2009 – Energy
Jon Najarian:
IMAX – IMAX – Buy – Rising Star Stock
PALM – Palm – Buy – Final Trade
Terranova:
HES – Hess – Buy
PBR – Petrobras – Buy
SU – Suncor – Buy
BBBY – Bed Bath & Beyond – Buy – Final Trade
Finerman:
APC – Anadarko – Buy – Final Trade
RIG – Transocean – Buy
Adami:
NKE – Nike – Buy around $49.50 – Final Trade
Jim Suva, Citi analyst:
PALM – Palm – Buy if it pulls back to $10
Pops (stocks that jumped higher):
TBT – ProShares UltraShort 20+ Yr Treasury ETF (2%) – Finerman: I’m long and I’d buy more
MGM – MGM Mirage (14%) – Adami: I wouldn’t chase it here but it’s a buy on a dip
EMC – EMC Corp (3%) – Jon Najarian: I like this stock as a buy and hold play
Drops (stocks that slid lower):
MON – Monsanto (4%) – Terranova: It seems the profit cycle in the herbicide business has reached its peak
TSO – Tesoro (6%) – Terranova: I suggest getting long the oil service sector and selling refiners against it
AXP – American Express (2%) – Finerman: If it drops below $20 I’m a happy buyer
SVU – Supervalu (12%) – Adami: I’d get long with a tight stop
AZO – AutoZone (4%) – Hedge fund manager Eddie Lampert cut his stake by 39%
