Fast Money Stock Picks – September 1, 2009 – Banks and Gold
Fast Money Stock Picks – September 1, 2009 – Banks and Gold
Adami:
HIG – Hartford – Take profits
WFC – Wells Fargo – Could go to $24; Short
JCG – J. Crew – Short – Final Trade
Najarian:
OIH – Oil Services HOLDRs – $100 could be an entry point
BAC – Bank of America – Some projections put it above $20
MOS – Mosaic – Keep an eye on it – Final Trade
Terranova:
GLD – Gold – Buy if you think the market will be spooked by public debt
ANR – Alpha Natural Resources – Buy – Final Trade
Seymour:
Gold – Buy
PBR – Petrobras – Short – Final Trade
Pops (stocks that jumped higher):
MOS – Mosaic (2%) – Najarian: It’s one to keep an eye on
COH – Coach (2%) – Adami: Valuations look fair to me, but I’m not a buyer
TXT – Textron (1%) – Morgan Stanley upgraded it from ‘underweight’ to ‘overweight’
Drops (stocks that slid lower):
XHB – SPDR S&P Homebuilders ETF (3%) – Adami: I think it has farther to fall
AIB – Allied Irish Banks (12%) – The government may cut payments to lenders
ETFC – E Trade (15%) – Terranova: I don’t like this stock
NOK – Nokia (5%) – Seymour: I wouldn’t throw the stock out the window
AXP – American Express (5%) – Terranova: If it gets to $30 I’d be a buyer
