Fast Money Stock Picks - May 29, 2008 - Oil and Tech
Fast Money Stock Picks – May 29, 2008 – Oil and Tech
Najarian:
*If oil breaks below $120, get out
V – Visa – Buy
JOYG – Joy Global – Buy on a pullback
BUCY – Bucyrus – Buy on a pullback
BOBE – Bob Evans – Short
BWLD – Buffalo Wild Wings – Short
AMLN – Amylin – Go out to July and buy the 35 strike calls
CHK – Chesapeake Energy – Buy – “Final Trade”
Macke:
*Buy oil back if it slides another $5
MSFT – Microsoft – Buy
JCG – J. Crew – Buy – “Final Trade”
Adami:
DELL – Dell – Take profits
INTC – Intel – Buy, for long term
MA – Mastercard – Don’t stay in for short term
JOYG – Joy Global – Buy on a pullback
BUCY – Bucyrus – Buy on a pullback
TSO – Tesoro – Buy – “Final Trade”
MSFT – Microsoft – Buy
Finerman:
BSX – Boston Scientific – Buy
C – Citigroup – Buy – “Final Trade”
Joe Terranova, independent oil trader:
HES – Hess – Short
LUV – Southwest Airlines – Buy
*Go long the Canadian dollar
Pops (stocks that jumped higher):
HNZ – Heinz (3%) – Macke: They’re a good operator
BIG – Big Lots (8%) – Finerman: I’m short this stock
UA – Under Armour (2%) – Closed higher after Credit Suisse raised their price target for competitor Nike
TRMP – Trump Entertainment Resorts (23%) – Macke: I’m not playing
GCO – Genesco (6%) – Finerman: Not so bad
EXPE – Expedia (6%) – Continued speculation of privatization
KOSN – Kosan Biosciences (229%) – Bristol Myers agreed to pay $190 million to gain control of Kosan’s experimental cancer treatments
AMLN – Amylin (5%) – Advanced ahead of ASCO this weekend
CWTR – Coldwater Creek (7%) – Loss this quarter was smaller than expected and the retailer said it might post a profit for full-year 2008
Drops (stocks that slid lower):
MAR – Marriott (2%) – Najarian: Business travel is getting squeezed
GLD – Gold ETF (3%) – Strengthening dollar
MW – Men’s Warehouse (10%) – First quarter profits were below estimates, and they lowered their full year outlook
