Fast Money Stock Picks – March 20, 2009 – Pullbacks
Fast Money Stock Picks – March 20, 2009 – Pullbacks
Macke:
POT – Potash – Buy
.SPX – S&P – Get long at 740 – Final Trade
Seymour:
TTM – Tata Motors – Buy
TCK – Teck Cominco – Buy if it falls to $4, sell at $5
Najarian:
TEVA – Teva – Buy – Final Trade
Terranova:
JPM – JP Morgan – Buy if it pulls back to $20 – Final Trade
Pops (stocks that jumped higher):
HD – Home Depot (7%) – Terranova: I’d take some off the table
DRI – Darden Restaurants (19%) – Najarian: I like how these guys are running the ship
CHK – Chesapeake Energy (15%) – Terranvoa: I like EOG Resources better
MET – MetLife (17%) – Bank of America upgraded it to ‘buy’ due partly to a strong capital “cushion”
T – AT&T (4%) – Investors remained bullish despite a ratings downgrade from S&P from ’stable’ to ‘negative’
ORCL – Oracle (10%) – Beat on 3Q earnings and declared its first ever dividend
IYT – Dow Jones Transport ETF (2%) – Transports climbed as commodities rallied on the drop in the dollar
Drops (stocks that slid lower):
GE – General Electric (5%) – Gave back gains despite a positive update from its capital arm
COF – Capital One (10%) – Customers appear to be paying back less of their balances
MS – Morgan Stanley (22%) – Macke: I wouldn’t look at this stock until it falls back in the teens
FDX – FedEx (8%) – Seymour: I’m looking forward to see what they do
XRX – Xerox (17%) – Cut its outlook for 1Q earnings
