Fast Money Stock Picks – October 3, 2008 – Safe Bets

Adami:
CHD – Church & Dwight – Buy
JNJ – Johnson & Johnson – Buy
Gold – Get out
ORCL – Oracle – Buy – Final Trade

Najarian:
JNJ – Johnson & Johnson – Buy
NOV – Novartis – Buy
Hedge funds – Avoid
MCD – McDonald’s – Watch
BKC – Burger King – Buy – Final Trade

Seymour:
Oil – Get out
ERJ – Embraer – Buy – Final Trade

Finerman:
MSFT – Microsoft – Buy
PM – Philip Morris International – Buy

Macke:
WMT – Wal-Mart – Buy

Pops (stocks that jumped higher):
NCC – National City Corp (9%) – Najarian: I think regional banks will be the ones to prosper
CEG – Constellation Energy (14%) – Report that a French nuclear company is nearing a deal with a private equity company
RF – Regions Financial (13%) – Sandler O’Neil trimmed profit estimates but maintained a ‘Hold’ rating and a $10 price target on the stock

Drops (stocks that slid lower):
HMC – Honda (7%) – September sales fell 24% largely due to the fact that credit was harder to come by
AAPL – Apple (8%) – Macke: Apple’s not such a good place to put your money right now
MAR – Marriott (5%) – Adami: They’re not going to buy back stock for a while; neither should you
SLB – Schlumberger (6%) – Seymour: If oil goes down less will be spent on exploration
EBAY – eBay (8%) – Morgan Stanley downgraded the auction site to ‘equal weight’ from ‘overweight’
CNW – Con-way (20%) – Adami: I’d look at Burlington Northern around $80
FXI – iShares FTSE/Xinhua China 25 Index ETF (5%) – Seymour: I think you’d do better in China than other places
WFR – MEMC Electronic Materials (13%) – Analysts reduced earnings estimates
LVS – Las Vegas Sands (15%) – Morgan Stanley downgraded it from ‘overweight’ to ‘equal weight’
STZ – Constellation Brands (9%) – Said sales climbed less than expected
FLR – Fluor Corp (14%) – Concerns about a global slowdown