Fast Money Stock Picks – March 17, 2009 – Financials

Najarian:
NKE – Nike – Buy
XLI – Industrial Select Sector SPDR – Buy – Final Trade

Macke:
AAPL – Apple – Sell
GS – Goldman Sachs – Sell – Final Trade
MS – Morgan Stanley – Sell

Adami:
RJF – Raymond James – Buy
JEF – Jefferies – Buy
GILD – Gilead – Buy – Final Trade

Doug Cliggott, CIO of Dover Management:
TIP – iShares Barclays TIPS Bond Fund – Buy

Robert Cihra, Caris & Co computer analyst:
AAPL – Apple – Buy

Pops (stocks that jumped higher):
XOM – Exxon Mobil (3%) – Terranova: If you’re long oil futures, I’d move into the integrated names
HD – Home Depot (6%) – Adami: I wouldn’t chase this stock but I think it goes to $24
WMT – Wal-Mart (2%) – Macke: It’s the only retailer for me
T – AT&T (4%) – Najarian: It got swept along by sentiment
CME – CME Group (13%) – Terranova: I think this is a stock to be looking at
IP – International Paper (15%) – JP Morgan said it could benefit from alternative fuel tax credits
KSS – Kohl’s (6%) – Jeffries upgraded it from ‘hold’ to ‘buy’ and said it may report stronger than expected sales
STRA – Strayer Education (7%) – Piper Jaffray upgraded it, citing strong enrollment
AMD – Advanced Micro Devices (11%) – Completed a spin-off intended to transform it into a more nimble competitor

Drops (stocks that slid lower):
ENER – Energy Conversion Devices (23%) – Lowered its sale forecast due to waning demand and it also delayed plans for expansion
NUE – Nucor (9%) – Warned of a 1Q loss due to continued weak demand