Fast Money Stock Picks – May 18, 2009 – Tech and India

Adami:
HPQ – Hewlett Packard – Buy

Najarian:
Keep an eye on the following stock:
URS – URS Corp
FLR – Fluor Corp
SI – Siemen’s
FWLT – Foster-Wheeler

Finerman:
FLS – Flowserve – Buy

Seymour:
MDR – McDermott – Keep an eye on it
Put these on your radar in the event of a pullback:
TTM – Tata Motors
IBN – ICICI Bank
INFY – Infosys Technologies
RDY – Dr. Reddy’s Laboratories

Jared Levy, Peak6 Investments:
HGX – Phlx Hsg Sector Index – Buy calls
XHB – SPDR S&P Homebuilders ETF – Buy calls

Colin McGranahan, Sanford Bernstein analyst:
HD – Home Depot – Buy

Pops (stocks that jumped higher):
C – Citigroup (5%) – Goldman Sachs added rival Bank of America to its conviction ‘buy’ list
FXI – FTSE/Xinhua China Index ETF (6%) – Speculation that property prices and demand for coal will rise
M – Macy’s (7%) – Macke: If Goldman is powerful enough to make a retailer with heavy debt pop, I’d play Goldman instead
CNX – Consol Energy (10%) – Hopes that the price of coal might be headed higher
DDS – Dillard’s (35%) – Surprised Wall Street by reporting a quarterly profit largely due to slashed costs and reduced inventories
WFC – Wells Fargo (8%) – Warren Buffett revealed he raised his stake in it
LEN – Lennar (13%) – A Citi analyst raised his rating on it from ‘hold’ to ‘buy’, and hopes the housting market has stabilized
NVDA – NVIDIA (6%) – Said demand seems to be growing again

Drops (stocks that slid lower):
AYE – Allegheny Energy (8%) – Wachovia Capital Markets downgraded it from ‘outperform’ to ‘market perform’
LO – Lorillard (3%) – Worries that menthol might be banned under new government regulations