Fast Money Stock Picks – June 27, 2008 – Pharmaceuticals

Pete Najarian:
WLT – Walter Industry – Buy
MEE – Massey – Buy
HBC – HSBC – Short – “Final Trade”
MRK – Merck – Buy
BG – Bunge – Watch
RIMM – Research In Motion – Buy around $120

Jon Najarian:
ANR – Alpha Natural Resources – Watch
BTU – Peabody – Buy

Adami:
GM – General Motors – Watch
CELG – Celgene – Buy – “Final Trade”
AGU – Agrium – Buy
POT – Potash – Buy
ORCL – Oracle – Buy around $20.50

Finerman:
MRK – Merck – Buy – “Final Trade”
PPH – Pharmaceuticals HLDRS – Buy
C – Citigroup – Sell

Terranova:
MON – Monsanto – Buy
JPM – JP Morgan – Buy – “Final Trade”

Pops (stocks that jumped higher):
BUD – Anheuser-Busch (3%) – Pete Najarian: I’d keep an eye on it, they want $7 billion more than InBev’s current buyout offer
XOM – Exxon Mobile (2%) – Terranova: I think integrated oil could begin to perform
EK – Eastman Kodak (17%) – Pete Najarian: I don’t think it’s rolling any higher
SHLD – Sears (4%) – Finerman: I still wouldn’t own it
KR – Kroger (7%) – Terranova: I like it around $26

Drops (stocks that slid lower):
BA – Boeing (5%) – Goldman Sachs cut their rating due to slowing economic conditions and rising fuel costs
YHOO – Yahoo! (3%) – Finerman: Struggled to revive a deal with Microsoft
WYNN – Wynn Resorts (10%) – Adami: You can gamble on the market so why go to Vegas
NKE – Nike (10%) – Terranova: I think the stock is oversold
MU – Micron Technology (15%) – Missed third quarter earnings expectations
PALM – Palm (11%) – Najarian: Nobody seems to care about their devices
AEO – American Eagle Outfitters (16%) – Oppenheimer downgraded the company from ‘Outperform’ to ‘Perform’ after its president and CMO announced she will be leaving the company