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
