Fast Money Stock Picks – June 26, 2008 – Oil and Tech

Adami:
HAL – Halliburton – Buy
LLL – L-3 Communication – Buy
ALL – Allstate – Buy – “Final Trade”

Najarian:
QID – UltraShort QQQ ProShares – Buy
ANR – Alpha Natural Resources – Buy
USO – United States Oil Fund – Buy
NKE – Nike – Buy
COP – ConocoPhillips – Buy
SMH – Semiconductor HLDR – Buy puts – “Final Trade”

Terranova:
UUP – PowerShares DB US Dollar Index – Buy if you want to play the dollar on the long side
NUE – Nucor – Buy if the sell-off takes it to the upper $60s or low $70s
SU – Suncor Energy – Buy – “Final Trade”

Finerman:
NKE – Nike – Worth a look
MRK – Merck – Buy – “Final Trade”

William Tanona, Goldman Sachs analyst:
C – Citigroup – Short
MS – Morgan Stanley – Buy

Bill Fleckenstein, celebrated bear investor:
TXN – Texas Instruments – Short
CSCO – Cisco – Short
JNPR – Juniper – Short

Pops (stocks that jumped higher):
BBBY – Bed Bath & Beyond (4%) – Adami: Take profits
DVA – DaVita Inc (2%) – Finerman: I think it’s a recession proof business
NVO – Novo Nordisk (3%) – Credit Suisse issued a report Thursday claiming obesity and related diseases are on the rise worldwide
PHTN – Photon Dynamics (31%) – Agreed to be bought by Orbotech
UGN – United Natural Gas Fund (3%) – Terranova: I think there could be a little pullback

Drops (stocks that slid lower):
CAG – ConAgra Foods (6%) – Terranova: They have higher commodity costs
MGM – MGM Mirage (6%) – Finerman: Not a great space
BC – Brunswick Corporation (4%) – Terranova: Bad environment for them
OSK – Oshkosk Corporation (33%) – Adami: I think there’s more room on the downside
DFS – Discover Financial Services (8%) – Finerman: If you want to be in the space Mastercard or Visa is the way to go
LEA – Lear Corporation (16%) – Adami: This stock looks interesting at current levels
MON – Monsanto (3%) – Investors expected a more ‘robust’ revision to their fiscal 2008 outlook