Fast Money Stock Picks – October 16, 2008 – Trading in a Volatile Market

Adami:
GOOG – Google – Buy
Gasoline – Buy
IBM – IBM – Buy
UTX – United Technologies – Buy
NVS – Novartis – Buy – Final Trade

Finerman:
OIH – Oil Service HLDRS – Buy – Final Trade part 1
USO – United States Oil Fund – Short – Final Trade part 2
NU – Nucor – Buy
FCX – Freeport McMoRan – Buy
DEO – Diageo – Buy
MO – Altria – Buy
BUD – Budweiser – Buy, “one of the biggest deals of all time”

Najarian:
SCHW – Charles Schwab – Buy
ABT – Abbott Labs – Buy
C – Citigroup – Buy at $15 and sell an option
SLB – Schlumberger – Keep an eye on it, it’s been beaten
CHK – Chesapeake – Buy – Final Trade

Terranova:
GIS – General Mills – Buy
EOG – EOG Resources – Buy
XOM – Exxon Mobil – Buy – Final Trade

Gartman:
Banks – Buy
Stock market – Short
Nat gas trusts – Buy
CLF – Cleveland Cliffs – Buy
CME – CME – Buy
ICE – ICE – Buy
AAPL – Apple – Buy

Pops (stocks that jumped higher):
YHOO – Yahoo (10%) – Microsoft CEO Steve Ballmer said Yahoo acquisition still ‘makes sense economically’
SWY – Safeway (8%) – Najarian: The Nov 20 puts are very active, which makes me wonder
HSY – Hershey (7%) -Adami: I think you can get long
GE – General Electric (3%) – Bounced off its lowest price in a decade
AZN – AstraZeneca (7%) – Analysts increased earnings forecast for the company on positive news from its biotech arm
SPWR – SunPower (25%) – Najarian: It was $164, so it’s got a long way to go
AMR – American Airlines (23%) – Terranova: Move along
HOG – Harley-Davidson (7%) – Results weren’t as bad as expected

Drops (stocks that slid lower):
BCS – Barclays (8%) – Terranova: I’m not so sure about this stock
EBAY – eBay (3%) – Adami: I say stay away
WGO – Winnebago (24%) – Terranova: Not looking so good