Fast Money Stock Picks – November 25, 2008 – Washington Spending
Fast Money Stock Picks – November 25, 2008 – Washington Spending
Macke:
SPX – S&P – Short with a stop above 860
SPY – SPDR Trust – Short with a tight stop – Final Trade
Adami:
HD – Home Depot – Buy – Final Trade
Finerman:
XRT – SPDR S&P Retail – Buy if Wednesday is a big down day – Final Trade
UYG – ProShares Ultra Financials – Buy – Final Trade
Whitney Tilson, T2 Partners founder:
BRK.A – Berkshire Hathaway – Buy, it’s the cheapest we have ever seen it
Pops (stocks that jumped higher):
GOOG – Google (9%) – Macke: I’m skeptical
FLR – Fluor Corp (4%) – Finerman: I think you’ve got to love engineering firms in the President-elect Obama environment
UAUA – UAL Corp (24%) – Altered its deal with its largest credit card processor, suspending a requirement to maintain addition cash reserves if its balance falls below $2.5 billion
SLM – Sallie Mae (22%) – Fed revealed its newest bailout plan
DLTR – Dollar Tree (9%) – 3Q profits beat estimates and the company raised its 2009 guidance
GGP – General Growth Properties (36%) – Billionaire investor Bill Ackman bought a 20% stake in the company
ETFC – E*Trade Financial (50%) – Said it’s optimistic it will receive funds from TARP
CTRN – Citi Trends (34%) – Reported a 3Q loss that was less than analysts expected
Drops (stocks that slid lower):
RIMM – Research In Motion (8%) – Najarian: It seems like investors buy this stock at $40 and get out around $45
GM – General Motors (1%) – Merrill Lynch and JP Morgan analysts both said the company must cut debt and labor costs in order to survive
SBUX – Starbucks (2%) – Said it expects sales to continue to be negative through the end of the year
LM – Legg Mason (2%) – Friedman, Billings, Ramsey & Co. analyst Matt Snowling cut his rating from ‘Market Perform’ to ‘Underperform’ and cut its price target from $18 to $11
