Fast Money Stock Picks – October 3, 2008 – Financials
Fast Money Stock Picks – October 3, 2008 – Financials
Adami:
FCX – Freeport McMoRan – Buy
USB – USB – Watch
JPM – JP Morgan – Buy
YUM – Yum Brands – Buy if they report strong growth in China
NVS – Novartis – Buy – Final Trade
Terranova:
CELG – Celgene – Buy
CME – CME – Buy
TGT – Target – Buy – Final Trade
Seymour:
PBR – Petrobras – Buy
CCH – Coca-Cola – Buy – Final Trade
Zach Karabell:
BHP – BHP Billiton – Buy – Final Trade
Dennis Gartman:
XLF – Financials – Buy
SPY – Stock market – Short
Dick Bove, Ladenburg Thalman analyst:
C – Citigroup – Buy
PNC – PNC Financial – Buy
BBT – BB&T – Buy
BAC – Bank of America – Buy
Pops (stocks that jumped higher):
BCS – Barclays (3%) – Regulators in Britain raised the UK deposit compensation limit to 50,000 pounds from 35,000
HIG – The Hartford (6%) – Following a rough week of market rumors that appeared to be unfounded
MOS – Mosaic (3%) – CEO said he did not see next year’s crop plantings being hurt by the effects of the credit freeze
TX – Ternium (4%) – Hopes auto sales will pick up
BHP – BHP Billiton (3%) – Said it would still be able to obtain financing and takeover rival Rio Tinto
Drops (stocks that slid lower):
AAPL – Apple (3%) – Rumors that CEO Steve Jobs suffered a heart attack
PENN – Penn National Gaming (14%) – Warned it’s third quarter profits and revenue will be lower due to economic conditions
CBG – CB Richard Ellis (11%) – Slid after vacancies in office building recorded their biggest jump in 6 years
KO – Coca-Cola (2%) – Lowered its profit forecast for operations in Russia
