Fast Money Stock Picks – October 29, 2008 – Energy and Banks
Fast Money Stock Picks – October 29, 2008 – Energy and Banks
Najarian:
PBR – Petrobras – Buy
ENER – Energy Conversion Devices – Buy – Final Trade
Macke:
GM – General Motors – Buy
Adami:
USB – US Bancorp – Buy
WFC – Wells Fargo – Buy
JPM – JP Morgan – Buy
DOG – Short Dow30 ProShares ETF – Buy – Final Trade
Seymour:
EWZ – iShares MSCI Brazil Index – Buy
KB – KB Financial Group – Buy – Final Trade part 1
WF – Woori Finance Holding – Buy – Final Trade part 2
Pops (stocks that jumped higher):
CHK – Chesapeake Energy (6%) – Najarian: Whenever it gets under $20 it seems to spike
LM – Legg Mason (30%) – Second quarter profits beat estimates
AAPL – Apple (8%) – A Sanford Bernstein analyst said a share repurchase plan could boost earnings
FSLR – First Solar (4%) – Najarian: I like it
AA – Alcoa (3%) – Investors bid it higher as a value play
Drops (stocks that slid lower):
JNJ – Johnson & Johnson (4%) – Downgraded by JP Morgan, saying it’s overvalued
KFT – Kraft (1%) – Seymour: It’s attractive
SNE – Sony (4%) – Quarterly profits fell 72%
K – Kellogg (1%) – Slid despite posting better than expected results
AET – Aetna (8%) – Said profits fell 44% on losses tied to the economic crisis
BXP – Boston Properties (10%) – Forecast for next year fell short of expectations
GLW – Corning (8%) – Worsening economic conditions could affect retail demand
