Fast Money Stock Picks – May 2, 2008 – Tech and Foreign Media

Adami:
.SPX – S&P – Take profits but buy the dips
WDC – Western Digital – Buy at $27 and sell at $31
MMM – 3M – Buy
CSCO – Cisco – Take profits
UPS – UPS – Buy – “Final Trade”

Seymour:
COP – Conoco – Buy
XOM – Exxon – Short
TSM – Taiwan Semiconductor – Buy
INFY – Infosys – Buy
CETV – Central European Media Enterprises – Buy
CTCM – CTC Media – Buy
NETC – Net Servicos de Comunicacao – Buy
TV – Grupo Televisa – Buy
CSCO – Cisco – Buy
EEV – UltraShort MSCI Emerging Markets ProShares – If you’re still in it, you should know it’s going to plummet if emerging markets go up
UBB – Unibanco – Buy – “Final Trade”

Macke:
AAPL – Apple – Buy
MSFT – Microsoft – Buy – “Final Trade”
CSCO – Cisco – Buy
DIS – Disney – Buy
HAS – Hasbro – Buy
MCO – Moody’s – Sell

Finerman:
C – Citigroup – Buy
PM – Philip Morris International – Buy – “Final Trade”
COF – Capital One – Get out

Dylan Ratigan:
C – Citigroup – Buy

Pops (stocks that jumped higher):
CMCSA – Comcast (12%) – Finerman: I think things are coming back for them
WWY – Wm. Wrigley Jr. Company (21%) – Bought by Mars for $23 billion
DLB – Dolby Laboratories (13%) – Seymour: Apparently getting some significant revenues on licensing
JNY – Jones Apparel (16%) – Macke: It’s early for this one
PLCE – Children’s Place (14%) – Finerman: I sold half of my position
GA – Giant Interactive (27%) – Seymour: I think it’s interesting, keep an eye on it

Drops (stocks that slid lower):
JAVA – Sun Microsystems (19%) – Macke: I think it’s a sell
DE – Deere (5%) – Adami: I don’t think the ag trade is over, but don’t own Deere until they report
MO – Altria (6%) – Mortan Stanley cut their outlook on the tobacco industry from “attractive” to “in-line” citing worsening prospects for U.S. growth