Fast Money Stock Picks – June 29, 2009 – Tech

Adami:
SWI – SolarWinds – Buy – Rising Star Stocks
CAT – Caterpillar – Get in around $32
NKE – Nike – Buy – Final Trade

Seymour:
AA – Alcoa – Buy – Final Trade

Finerman:
HPQ – Hewlett Packard – Buy – Final Trade

Terranova:
AXP – American Express – Buy
IBM – IBM – Buy
MSFT – Microsoft – Buy

Gregory Weldon, Weldon Financial:
DBB – PowerShares DB Base Metals Fund – Buy
DBA – PowerShares BD Agriculture Fund – Buy

Jim Goldman, CNBC’s Silicon Valley Bureau Chief:
MSFT – Microsoft – Buy

Pops (stocks that jumped higher):
JCP – JC Penney (2%) – Finerman: I wouldn’t jump in here
MRK – Merck (3%) – Adami: I wouldn’t touch it unless it breaks above $28
DFS – Discover Financial (8%) – Finerman: Today I like best of class stocks, and this isn’t one of them

Drops (stocks that slid lower):
AA – Alcoa (3%) – Adami: I don’t see any reason to get in before earnings
CTIC – Cell Therapeutics (4%) – Seymour: The move down doesn’t compare to its move higher over the past month
PALM – Palm (2%) – Terranova: I think it’s a correction and not a change in trend
SNDA – Shanda Interactive (8%) – Seymour: I don’t think it’s particularly cheap