Fast Money Stock Picks – March 19, 2009 – Financials and Fast Food

Najarian:
GS – Goldman Sachs – Buy
MS – Morgan Stanley – Buy
JPM – JP Morgan – Buy
DRI – Darden – Buy
MCD – McDonald’s – Buy – Final Trade

Macke:
MCD – McDonald’s – Buy
*Take profits and step back – Final Trade

Adami:
YUM – Yum! Brands – Buy
ORCL – Oracle – Sell, then buy back at $15.50 – Final Trade

Seymour:
MCD – McDonald’s – Buy
TS – Tenaris – Buy – Final Trade

Josh Rosner, managing director at Graham Fisher & Co:
TIP – iShares Barclays TIPS Bond Fund – Buy

Pops (stocks that jumped higher):
FDX – FedEx (5%) – Adami: I’d stay away
MT – Arcelor Mittal (7%) – Seymour: I think it has upside
CHK – Chesapeake Energy (3%) – Adami: I think it could go higher from here
DRYS – DryShips (28%) – Won a 3-year contract from Petrobras for exploration in the Black Sea
VLO – Valero Energy (5%) – Won a bid to buy ethanol plants from VeraSun
X – US Steel (9%) – Adami: The price action suggests to me it goes higher
VIP – Vimpel-Communications (13%) – Seymour: A stable ruble is good for this stock
BRCD – Brocade Communications (4%) – RBC Capital upgraded it from ‘sector perform’ to ‘outperform’

Drops (stocks that slid lower):
MS – Morgan Stanely (13%) – Macke: I think investors wanted an excuse to take the stock lower
PRU – Prudential Financial (25%) – Moody’s downgraded its senior debt rating due to investment losses and further capital concerns
CHL – China Mobile (4%) – Seymour: I think this stock is good to own for the long term
EXPE – Expedia (6%) – JP Morgan downgraded it from ‘overweight’ to ‘neutral’