Fast Money Stock Picks – May 12, 2009 – Natural Gas and Auto
Fast Money Stock Picks – May 12, 2009 – Natural Gas and Auto
Najarian:
ENER – Energy Conversion Devices – Take a look
IBM – IBM – Buy
COP – ConocoPhillips – Buy as a natural gas play
F – Ford – Buy, but sell some upside calls – Final Trade
Finerman:
BPO – Brookefield Properties – Short
APC – Anadarko – Buy – Final Trade
Seymour:
NYT – New York Times – Take profits
DO – Diamond Offshore – Buy – Final Trade
Macke:
F – Ford – Buy – Final Trade
Kevin Fitzsimmons, Sandler O’Neil regional banking analyst:
FHN – First Horizon – Look for an entry point
WTNY – Whitney – Look for an entry point
Pops (stocks that jumped higher):
FLR – Fluor (6%) – Finerman: I think it still has upside ahead
WINN – Winn-Dixie (28%) – Said a better product mix, coupled with lower transportation costs, boosted results for the quarter
AZN – AstraZeneca (3%) – Najarian: Investors are excited about their new heart drug
FOSL – Fossil (9%) – Reported stronger than expected first quarter earnings and increased its full-year forecast
Drops (stocks that slid lower):
F – Ford (17%) – Seymour: I think there’s concern on the debt side
APC – Anadarko Petroleum (6%) – Plans to issue 30 million shares to fund capital spending, at $45.50 per share
CBS – CBS (7%) – Morgan Stanley said it has been too optimistic in its estimated ad sales recovery
