Fast Money Stock Picks - May 23, 2008 - Memorial Day Weekend Trades
Fast Money Stock Picks – May 23, 2008 – Memorial Day Weekend Trades
Macke:
TAP – Molson Coors – Buy
*Buy crude on a dip, and don’t short it
Adami:
BWA – Borg Warner – Buy
MGM – MGM – Watch
INTC – Intel – Buy on a dip
SAM – Boston Beer – Buy
Jon Najarian:
AAPL – Apple – Buy
XLF – Financial Select Sector SPDR – Sell
MAS – Masco – Sell
ESLR – Evergreen Solar – Buy on dips
Seymour:
ABV – Companhia de Bebidas das Americas – Buy
GNK – Gecno – Buy on the dip
Pops (stocks that jumped higher):
FL – Foot Locker (13%) – CEO said he expects improving profitability over the year
KO – Coca-Cola (3%) – Seymour: I like it as a Memorial Day weekend play
EXC – Excelon (4%) – Got a pair of upgrades from Credit Suisse & Deutsche Bank
Drops (stocks that slid lower):
.XAL – Airlines (20%) – Jon Najarian: You could buy it for a quick play on oil, but then get out
HD – Home Depot (8%) – Adami: I like it on a dip
MCO – Moody’s (24%) – Macke: I think they need to justify their existence
CHL – China Mobile (9%) – A restructuring company forced it to take over a slow-growing fixed-line carrier
CHK – Chesapeake (11%) – Jon Najarian: They’re diluting the stock with some debt they’re putting out there
JPM – J.P. Morgan (9%) – Adami: I like this stock around $41
PSUN – Pacific Sunwear (18%) – Posted a loss of $37 million and a same store sales drop of 1% for the quarter
DKS – Dick’s Sporting Goods (23%) – Had its biggest drop ever after a disappointing profit forecast
