Fast Money Stock Picks – March 24, 2009 – Tech

Adami:
SYK – Stryker – Buy – Final Trade

Finerman:
AXYS – Axsys Technologies – Buy – Final Trade

Najarian:
AKAM – Akamai – Buy – Final Trade

Mark Mahaney, Citi analyst:
AKAM – Akamai – Buy

Pops (stocks that jumped higher):
MT – ArcelorMittal (5%) – Issued $1.5 billion in convertable bonds
SHLD – Sears (4%) – Finerman: I’d stay away
IP – International Paper (12%) – Said it has received over $70 million in alternative fuel tax credits and will continue to submit refund claims
BIDU – Baidu (3%) – Deutsche Bank initiated a ‘buy’ rating
PVH – Phillips-Van Heusen (13%) – Citi upgraded it to ‘buy’

Drops (stocks that slid lower):
NWL – Newell Rubbermaid (9%) – Adami: They could have a capitulation day as soon as Wednesday
UA – Under Armour (13%) – Morgan Stanley downgraded it from ‘equal weight’ to ‘underweight’ citing its weak shoe launch and high valuation
DAI – Daimler AG (8%) – Seymour: Their balance sheet looks to be in question
CME – CME Group (10%) – Finerman: Cutting fees in a business that’s mostly driven by fees is not good