Fast Money Stock Picks – September 9, 2008 – Tech and Energy

Finerman:
C – Citigroup – Sell
MSFT – Microsoft – Buy for long term, but cut your losses at $25 – Final Trade

Najarian:
VIX – VIX – Buy the space when it hits 30
HPQ – Hewlett Packard – Buy, take profits at $53 or cut your losses at $44
CY – Cypress Semiconductor – Buy
ENER – Energy Conversion Devices – Buy
NVS – Novartis – Buy – Final Trade

Macke:
RIMM – Research In Motion – Buy, take profits at $110 or cut your losses at $95 – Final Trade
FDO – Family Dollar – Sell

Adami:
ORCL – Oracle – Buy, take profits at $22 or cut your losses at $18
MCD – McDonald’s – Buy – Final Trade

Pops (stocks that jumped higher):
SSCC – Smurfit-Stone Container (3%) – Ananlysts predicted paper producers will be able to raise prices
HPQ – Hewlett-Packard (1%) – Sanford Berstein raised it from “Market perform” to “Outperform”

Drops (stocks that slid lower):
AIG – AIG (20%) – Went down with the rest of the financials
CAL – Continental Airlines (6%) – Entire airlines sector closed down
EEM – MSCI Emerging Markets Index (6%) – Uncertainty about the global economic outlook
MA – Mastercard (6%) – Couldn’t buck the selling
DIN – Dineequity (26%) – Word got out that its CFO resigned
GT – Goodyear (12%) – Production in North America is down
SYT – Syngenta AG (8%) – Said sales growth should slow next year
AMTD – TD Ameritrade (9%) – A Credit Suisse analyst cut the rating saying the “shares are now fairly valued”
XHB – SPDR S&P Homebuilders (6%) – Number of signed contracts to buy previously owned homes fell more than expected
FSLR – First Solar (10%) – Oppenheimer analyst said that an oversupply of solar panels could hurt profits next year