Fast Money Stock Picks – September 4, 2009 – Apple and Health Care

Terranova:
AAPL – Apple – Buy and hold
EOG – EOG Resources – Buy – Final Trade

Seymour:
AAPL – Apple – Buy

Adami:
AAPL – Apple – Buy if you think the market will stay steady or go up, sell if you think it will go down

Steve Grasso:
AAPL – Apple – Buy – Final Trade
*If some kind of health reform goes through, HMO stocks could plunge

Charles Boorady, Citi analyst:
AET – Aetna – Buy
UNH – UnitedHealth – Buy

Pops (stocks that jumped higher):
GFI – Gold Fields (12%) – Terranova: I don’t think owning the miners is the way to get long gold
GPS – The Gap (6%) – Adami: Gap at $21 looks rich
COST – Costco (7%) – Reported stronger than expected sales in August
BP – BP (3%) – Announced a major oil discovery in the Gulf of Mexico

Drops (stocks that slid lower):
MHP – McGraw-Hill (13%) – Seymour: There’s a mob with a pitchfork waiting to take all the ratings agencies down
RMBS – Rambus (12%) – Adami: The lawsuit is negative but the takeover is positive, so I don’t know what to do with this stock
AA – Alcoa (3%) – Terranova: I think it performed well on Friday and I’m a buyer
MRK – Merck (5%) – Grasso: Although Obamacare makes me afraid of the space, I do like this stock