Fast Money Stock Picks – September 2, 2009 – Gold

Terranova:
*Don’t sell gold
QCOM – Qualcomm – Worth a look
TIF – Tiffany – Buy – Final Trade

Najarian:
IPI – Intrepid Potash – Volume of calls suggests it could go higher
BP – BP – Looks cheap
AAPL – Apple – Under $165 and ahead of the developer’s meeting it looks interesting
OXPS – OptionsXpress – Buy – Final Trade

Adami:
OIH – Oil Services HOLDRs – Could trade down to $98
LAZ – Lazard – Buy
GHL – Greenhill – Buy
GILD – Gilead – Buy – Final Trade

Finerman:
AXL – American Axle – Buy (risky) – Final Trade

Dennis Gartman:
*I’ve seen what looks like a move away from currencies and into gold

Kimberly Greenburger, Citi retail analyst:
*Ease into these stocks over the next 4 to 5 weeks:
URBN – Urban Outfitters
JCG – J. Crew

Pops (stocks that jumped higher):
KO – Coca-cola (3%) – Investors bet that even if consumers remain weak, they’ll still want ‘the real thing’
TXT – Textron (12%) – Goldman Sachs upgraded it from ‘neutral’ to ‘conviction buy’
BF.B – Brown-Forman (6%) – Terranova: I like this stock with a stop around $44.29
MTW – Manitowoc (3%) – Stern Agee upgraded it from ‘neutral’ to ‘buy’ saying its food service unit should see improved demand
TTWO – Take Two Interactive (8%) – Reported a slightly smaller than expected quarterly loss and topped revenue forecasts, and settled a lawsuit
LVS – Las Vegas Sands (4%) – Adami: I think it could go higher still

Drops (stocks that slid lower):
LYG – Lloyds Banking (5%) – Moved lower along with rivals as financials sold off across the pond
XHB – SPDR S&P Homebuilders ETF (2%) – Terranova: In the space I’d look at DR Horton