Fast Money Stock Picks – June 26, 2009 – Trading the Bear
Fast Money Stock Picks – June 26, 2009 – Trading the Bear
Najarian:
SPY – SPDRs – Buy, and buy puts for protection in the index to which you’re most exposed
MCD – McDonald’s – Buy
YHOO – Yahoo – Buy – Final Trade
Seymour:
DBA – PowerShares DB Agriculture Fund – Buy – Final Trade
Adami:
NKE – Nike – Buy – Final Trade
Finerman:
DYN – Dynegy – Buy – Final Trade
Pops (stocks that jumped higher):
AA – Alcoa (5%) – Citi initiated coverage with a ‘buy’ rating
LEN – Lennar (17%) – Adami: I wouldn’t buy it here
AEO – American Eagle (7%) – Finerman: I think it was a beneficiary of Tween Brands getting a takeover bid from Dress Barn
IMAX – IMAX (10%) – The midnight premiere of Transformers: Revenge of the Fallen sold out at all 160 IMAX locations
DE – Deere & Co (5%) – Goldman upgraded it from ’sell’ to ‘neutral’, citing its current valuation and strength in commodities
SLM – SLM Corp (10%) – JP Morgan upgraded it from ‘neutral’ to ‘overweight’
Drops (stocks that slid lower):
CAG – Conagra (5%) – Reported quarterly profit in line with analysts’ expectations, dashing hopes that it would top estimates as some competitors had
NKE – Nike (3%) – Said orders declined 12% due to the slowdown in consumer spending
