Fast Money Stock Picks – October 21, 2008 – Comebacks
Fast Money Stock Picks – October 21, 2008 – Comebacks
Adami:
CAT – Caterpillar – Buy
MMM – 3M – Sell
AAPL – Apple – Buy with an 83-handle
INTC – Intel – Buy – Final Trade
Macke:
MCD – McDonald’s – Buy – Final Trade
GNK – Genco – Buy
Najarian:
CAL – Continental – Watch
DNA – Genentech – Buy if you want to play drug companies
MGM – MGM – Buy, and short calls
BNI – Burlington Northern – Buy – Final Trade
Finerman:
RTH – Retail HLDRs – Buy a little – Final Trade
Pops (stocks that jumped higher):
COH – Coach (9%) – Met earnings and beat on sales
MMM – 3M (4%) – Adami: Valuations look rich
UAUA – UAL Corp (9%) – Oil prices have come down
AXP – American Airlines (8%) – Finerman: I’m a little skeptical of their numbers
Drops (stocks that slid lower):
WU – Western Union (17%) – Najarian: Seems like they have some long-term troubles
FCX – Freeport McMoRan (11%) – Adami: If it holds $30.03 it’s ok to trade
NFLX – Netflix (12%) – Macke: Not sure how to play it, but I think obsolesce is inevitable
JAVA – Sun Microsystems (17%) – Outlook is below Wall Street’s forecast
LMT – Lockheed Martin (9%) – Forecast earnings below Wall Street estimates
CME – CME Group (9%) – Raymond James analyst cut his rating to ‘market perform’ due to the economy
