Fast Money Stock Picks – October 23, 2008 – Rediculous Prices
Fast Money Stock Picks – October 23, 2008 – Rediculous Prices
Adami:
GPS – Gap – Buy
XOM – ExxonMobil – Buy
BNI – Burlington Northern – Watch
CELG – Celgene – Buy with a 68-handle
IR – Ingersoll-Rand – Watch
POT – Potash – Buy – Final Trade
Macke:
SBUX – Starbucks – Buy
Najarian:
CHK – Chesapeake – Buy
LLY – Eli Lily – Buy
CAL – Continental Airlines – Buy – Final Trade
Seymour:
RIO – Vale – Buy
EWY – iShares MSCI South Korea Index Fund – Buy – Final Trade
Heather Bellini, UBS software analyst:
INTC – Intel – Buy
Pops (stocks that jumped higher):
CMG – Chipotle Mexican Grill (7%) – Najarian: I like them
NOV – National Oilwell Varco (9%) – Seymour: Looks cheap at 5 times earnings
BA – Boeing (9%) – Said talks will resume with strikers
CVA – Covanta Holding Corp (8%) – Strong third quarter profits
AMZN – Amazon.com (1%) – Investors expecting it to be one of the best performing retailers for the Holidays
Drops (stocks that slid lower):
IWM – Small Caps (3%) – Macke: Demand isn’t very solid
HPQ – Hewlett-Packard (6%) – Adami: I think it’s a value play
SNE – Sony (8%) – Cut its full year forecast in two quarters due to a slowdown in consumer spending, plus the dollar to yen exchange rates
ZMH – Zimmer Holdings (13%) – Lowered its sales forecast
