Fast Money Stock Picks – September 4, 2008 – Football and Tech

Pete Najarian:
XLF – Financial Select Sector SPDR – Buy if it pulls back
BNI – Burlington Northern – Watch
CSX – CSX – Watch
CLX – Clorox – Buy
NKE – Nike – Buy
UA – Under Armour – Buy
INTC – Intel – Buy
MCD – McDonald’s – Buy – Final Trade

Jon Najarian:
TAP – Molson Coors – Buy
ERTS – Electronic Arts – Buy

Adami:
TGT – Target – Buy
WMT – Wal-Mart – Start paring back
CHD – Church & Dwight – Buy
JNJ – Johnson & Johnson – Buy
CSCO – Cisco – Buy

Macke:
TGT – Target – Short
WMT – Wal-Mart – Buy
KO – Coca-Cola – Buy
RIMM – Research In Motion – Buy around $100 with a tight stop at $95
POT – Potash – Buy with a tight stop at $145 – Final Trade

Finerman:
JNJ – Johnson & Johnson – Buy
IRF – International Rectifier Corporation – Buy calls – Final Trade

Seymour:
EEM – iShares MSCI Emerging Markets Index – Buy around $35 for long term
RSX – Russia – Buy for long term

Jim Iuorio, TJM Services trader:
XLF – Financials – Buy

Michael Kahn, Barron’s online technical columnist:
XLE – Energy Select Sector SPDR – Buy around $65 or so
DO – Diamond Offshore – Could be a buy sometime soon
SPWR – Sunpower – Could be a buy

Pops (stocks that jumped higher):
AEO – American Eagle (3%) – Reaffirmed its third quarter outlook
CHS – Chico’s FAS (3%) – Same-store sales declined at a rate that was slightly less than expected
PSS – Collective Brands (11%) -Finerman: I’d take a little profit

Drops (stocks that slid lower):
CAT – Caterpillar (6%) – Adami: I’d buy it around $61
AXP – American Express (5%) – Finerman: I’d like this stock 10% lower
HOV – Hovnanian (17%) – Najarian: This isn’t the bottom yet
LTD – Limited Brands (6%) – Macke: I can’t imagine why anyone would want to be long
YHOO – Yahoo (5%) – 5-year low, adding to dissatisfaction with CEO Jerry Yang
LMT – Lockheed Martin (2%) – Najarian: It’s just profit-taking off a 52-week high
GPS – Gap (4%) – Adami: Buy around $17.50
CIEN – Ciena Corp (4%) – Najarian: I’d stay away
ANF – Abercrombie & Fitch (7%) – Macke: It’s a tough market in a bad economy