Fast Money Stock Picks – June 25, 2008 – Tech and the Election

Najarian:
RIMM – Research In Motion – Buy
MU – Micron – Watch
NOK – Nokia – Buy – “Final Trade”
*Trading the election:
MRK – Merck – Buy if McCain wins
NVS – Novartis – Buy if either candidate wins
CPHD – Cepheid – Buy if Obama wins
MYGN – Myriad Genetics – Buy if Obama wins
BLUD – Immucor – Buy if Obama wins

Adami:
ORCL – Oracle – Buy on a pullback
NKE – Nike – Buy at $62
KBH – K.B. Home – Buy for a trade
GHL – Greenhill – Buy (risky, but could have high reward)
MON – Monsanto – Expect continued pullback, but a good long-term buy
T – AT&T – Buy with a stop about 5% on the downside – “Final Trade”
BA – Boeing – Buy
LEN – Lennar – Stay away

Finerman:
MA – Mastercard – Worth a look
MSFT – Microsoft – Buy – “Final Trade”

Joe Terranova:
FCX – Freeport McMoRan – Buy – “Final Trade”

Pops (stocks that jumped higher):
BCS – Barclays PLC (4%) – Adami: I’d avoid this stock
PIR – Pier 1 Imports (6%) – Dropped its bid to buy rival Cost Plus
DRI – Darden Restaurants (7%) – Terranova: If it falls below $30, get out
ASH – Ashland Inc (9%) – JP Morgan upgraded it from ‘underweight’ to ‘neutral’, claiming it’s reasonably valued at current price
LUX – Luxottica Group (9%) – Finerman: It looks like a relief rally
NOK – Nokia (6%) – Key component supplier Jabil posted a strong quarterly report which suggests demand for Nokia’s products remains solid
WINN – Winn-Dixie Stores (13%) – Terranova: I think this stock has room on the upside
PZN – Pzena Investment Management (4%) – No clear reason
JBL – Jabil Circuit (16%) – Najarian: Just about anyone who provided anything to the wireless industry looked great today

Drops (stocks that slid lower):
MEE – Massey Energy Company (2%) – Najarian: I don’t think the pullback is that bad
XTO – XTO Energy (4%) – Terranova: I’d take a wait and see approach
ROK – Rockwell Automation (12%) – Lowered third quarter earnings guidance citing less favorable market conditions