Fast Money Stock Picks – October 28, 2008 – Trading the Rally
Fast Money Stock Picks – October 28, 2008 – Trading the Rally
Finerman:
USO – US Oil Fund ETF – Short
DNA – Genentech – Buy call options – Final Trade
Macke:
*Sell the rip – Final Trade
Seymour:
AXP – American Express – Buy – Final Trade
Pops (stocks that jumped higher):
WMT – Wal-Mart (11%) – Macke: I don’t think it’s going to $70
GM – General Motors (14%) – Seymour: I’d fade the trade
WFC – Wells Fargo (11%) – Finerman: I would fade this stock
X – US Steel (14%) – Adami: I would follow it, I think it goes higher
EEM – Emerging Markets ETF (22%) – Seymour: I would fade on the short term
COH – Coach (20%) – Finerman: I would fade, but not a giant fade
T – AT&T (13%) – Morgan Stanley recommended it as a ‘buy’
RCL – Royal Caribbean Cruises (5%) – Investors thought it would go higher
BP – BP (15%) – Investors liked hearing its strong earnings and outlook
AHG – Apria Healthcare Group (50%) – Blackstone completed its acquisition for $1.7 billion
HPC – Hercules (27%) – Popped after its buyer, Ashland, said it received regulatory approval for the acquisition
