Fast Money Stock Picks – May 21, 2008 – Financials, Oil Services, and Tech

Finerman:
C – Citigroup – Buy
OIH – Oil Services HLDRS – Buy
USO – U.S. Oil Fund – Buy puts while buying OIH – “Final Trade”

Najarian:
FRO – Frontline – Buy
AMR – AMR – Buy
DIS – Disney – Buy – “Final Trade”

Macke:
WMT – Wal-Mart – Buy
USO – US Oil Fund – Buy with a $105 stop – “Final Trade”

Adami:
COST – Costco – Buy
FLR – Fluor – Buy
JEC – Jacobs Engineering – Buy
AMR – AMR Corp – Buy – “Final Trade”

Dick Bove, of Ladenburg:
LEH – Lehman Bros – Sell
MS – Morgan Stanley – Sell
MER – Merrill Lynch – Sell
GS – Goldmas Sachs – Sell
JPM – JP Morgan – Sell

Joe Clark, Financial Enhancement Group Founder & CIO:
IBM – IBM – Buy
MSFT – Microsoft – Buy
HPQ – Hewlett-Packard – Buy

Pops (stocks that jumped higher):
TWC – Time Warner Cable (4%) – Adami: Play at your own risk
BGP – Borders Group (9%) – Macke: Sell the news
MDT – Medtronic (3%) – Goldman Sachs recommended it and said shares would hit $57 within 6 months
MU – Micron (2%) – A Deutsche Bank analyst upgraded it, citing continued demand for “D-RAM” (dynamic random access memory) chips
INTU – Intuit (3%) – The maker of TurboTax software said profits were up 21%
SLM – Sallie Mae (6%) – Bloomberg reported that it’s on the cusp of winning favorable terms from the Dept of Education on loans they cannot pass on to investors

Drops (stocks that slid lower):
AIG – AIG (3%) – Finerman: Considering Wednesday’s market, not so bad
BA – Boeing (5%) – Adami: I think it’s a dip to buy
MCO – Moody’s (16%) – Investigating whether a computer glitch mistakenly assigned AAA ratings to securities that later lost value
PVH – Phillips-Van Heusen (6%) – Posted a second quarter shy of estimates
MOT – Motorola (4%) – No news