Fast Money Stock Picks – March 27, 2009 – Financials

Macke:
Bank stocks – Take profit – Final Trade

Finerman:
BPO – Brookfield Properties – Short – Final Trade

Seymour:
TCK – Teck Cominco – Sell and buy it back lower – Final Trade

Jon Najarian:
WFR – MEMC Electronics Materials – Buy
AGN – Allergan – Buy

Carter Worth:
XLY – Consumer Discretionary ETF – Buy

Whitney Tilson, of T2 Partners:
AXP – American Express – Buy
WFC – Wells Fargo – Buy
WEN – Wendy’s – Buy
BKC – Burger King – Buy

Pops (stocks that jumped higher):
CAT – Caterpillar (8%) – Adami: I think it’s a buy, but not here
HPQ – Hewlett-Packard (13%) – Macke: I’d take some profits
BCS – Barclays (43%) – Credit Suisse said it may be in a better capital position than previously thought
CHL – China Mobile (7%) – Seymour: It’s a real bellwether for emerging market investors
DE – Deere (10%) – Caught a tailwind after the gov’t reported durable goods and new home sales unexpectedly rose in Feb
RTP – Rio Tinto (11%) – Climed in tandem with the spot price of copper and other metals
HD – Home Depot (4%) – Investors are betting that home improvement will be a priority as consumers begin to spend a little more
SHLD – Sears (20%) – Finerman: I wouldn’t own it

Drops (stocks that slid lower):
DYN – Dynegy (13%) – Macquarie Capital downgraded it on concerns rival LS Power Group won’t make a buyout offer
ACN – Accenture (10%) – Lowered its 2009 forecast and Stifel Nicolaus downgraded it due to deteriorating demand
GLD – SPDR Gold Trust ETF (3%) – Seymour: I think inflation is back in play and in the long term gold should run higher