Fast Money Stock Picks – November 19, 2008 – Falling Prices

Adami:
MCD – McDonald’s – Buy – Final Trade

Macke:
TM – Toyota – Buy if it goes 5% higher, until then Short
TGT – Target – Buy if it goes 5% higher, until then Short

Finerman:
SPY – SPDRs – Cover – Final Trade

Najarian:
HD – Home Depot – Buy – Final Trade

Terranova:
XOM – ExxonMobil – Buy
BNI – Burlington Northern – Buy
DIS – Disney – Buy

Dennis Gartman:
GS – Goldman Sachs – Short
SPG – Simon Property Group – Short
NVR – NVR Inc – Short

Pops (stocks that jumped higher):
SJM – JM Smucker (0.5%) – Upgraded from ‘underperform’ to ‘buy’ by Merrill Lynch
TSN – Tyson Foods (1%) – Declared a quarterly dividend of 4 cents a share

Drops (stocks that slid lower):
AZN – Astra-Zeneca (12%) – Announced it was revising its forecast to the lower end of the EPS range it provided on Oct 30
FCX – Freeport McMoRan (6%) – Adami: Just not working right now
COF – Capital One (9%) – Finerman: I’m short
RCL – Royal Caribbean (17%) – Macke: No good
FSLR – First Solar (9%) – Najarian: Troubles are across the sector
AA – Alcoa (14%) – JP Morgan cut its 2009 earnings estimate
SUN – Sunoco (12%) – Deutsche downgraded it from ‘hold’ to ‘sell’ citing crude oil’s price decline
LZB – Lay-Z-Boy (36%) – Withdrew its full-year earnings forecast and cut the quarterly dividend in half
JBX – Jack In The Box (11%) – Reported a lackluster 4th quarter and disappointing outlook for the start of the fiscal year