Fast Money Stock Picks – March 23, 2009 – Tech

Najarian:
PALM – Palm – Buy – Rising Star Stock
AAPL – Apple – Buy
AGN – Allergan – Buy – Final Trade

Macke:
GS – Goldman Sachs – Take gains – Final Trade
MOS – Mosaic – Buy
POT – Potash – Buy
AAPL – Apple – Buy

Finerman:
AXYS – Axsys Technologies – Buy – Final Trade

Adami:
IBM – IBM – Buy
HPQ – Hewlett Packard – Buy
GLW – Corning – Buy – Final Trade

Jim Suva, Citi Investment Research analyst:
GLW – Corning – Buy
AAPL – Apple – Buy
PALM – Palm – Buy

Pops (stocks that jumped higher):
JPM – JP Morgan (25%) – This and other financials rallied on the government’s new plan to mop up toxic assets
CME – CME Group (15%) – Recently approved for guaranteeing credit-default swaps and could experience a volume increase on gov’t bailout plans
WFC – Wells Fargo (24%) – Macke: They also want to pay back TARP money
HPQ – Hewlett Packard (8%) – Adami: This stock could go to $34
LLY – Eli Lilly (5%) – Najarian: Even with the pop shares still look a little too cheap
COF – Capital One (20%) – Finerman: I would not be short anymore
INTC – Intel (6%) – Macke: I would not want to own this stock
AA – Alcoa (13%) – Adami: It should move higher from here
EEM – iShares MSCI Emerging Markets ETF (9%) – Soared with commodities and global stocks
PRU – Prudential (26%) – What’s good for banks appears to be just as good for insurance firms
BCS – Barclays (30%) – Investors believed the Geithner plan could spark growth worldwide
ING – ING Group (24%) – Asked over 1000 employees to return last year’s bonuses after it received $13.5 billion in gov’t aid last October

Drops (stocks that slid lower):
HRB – H&R Block (9%) – Investors didn’t like the way the numbers added up
HRS – Harris (9%) – Oppenheimer downgraded it from ‘outperform’ to ‘perform’ and slashed its price target to $65