Fast Money Stock Picks – March 30, 2009 – Financials
Fast Money Stock Picks – March 30, 2009 – Financials
Adami:
BWA – Borg Warner – Buy
ABT – Abbott Labs – Buy – Final Trade
Finerman:
AXYS – Axsys – Buy – Rising Star Stock, Final Trade
*If you’re bullish that regulators will relax market-to-market rules:
BAC – Bank of America – Buy preferred shares, OR:
XLF – Financial Select Sector SPDR – Buy
Najarian:
IBB – iShares NASDAQ Biotechnology Index – Buy – Final Trade
Seymour:
BCS – Barclay’s – Buy
Pops (stocks that jumped higher):
AMZN – Amazon (2%) – Closed higher largely due to a favorable report in Barron’s
FITB – Fifth Third Bancorp (5%) – Announced it will sell a majority interest in its payment processing unit to Advent International in an effort to raise more cash
NFLX – Netflic (6%) – Announced it will raise prices of Blu-ray discs by about 20% in order to add to its selection of movies and keep up with costs
APOL – Apollo Group (3%) – Investors bid it higher ahead of earnings
Drops (stocks that slid lower):
AA – Alcoa (14%) – Posted a nearly 100% decline in 2008 profits and forecast further losses
BBT – BB&T Corp (8%) – Stifel Nicolaus downgraded it from ‘hold’ to ’sell’ citing the need for more loan loss reserves
CBS – CBS (18%) – Adami: There could be further room to the downside
DRYS – DryShips (16%) – Seymour: As commodities go, so goes this stock
MTW – Manitowoc (33%) – 1Q earnings came in sharply below Wall St expectations
IYR – Dow Jones US Real Estate ETF (5%) – Najarian: I still think there’s lots of downside in commercial real estate
AMP – Ameriprise Financial (9%) – Fitch downgraded it from ’stable’ to ‘negative’ partly due to ‘exposure’ to equities
