Fast Money Stock Picks – Septemeber 12, 2008 – Retail and Financials
Fast Money Stock Picks – September 12, 2008 – Retail and Financials
Macke:
UUP – PowerShares DB US Dollar Index Bullish – Sell
GM – General Motors – Buy – Final Trade
Najarian:
HD – Home Depot – Buy
LOW – Lowe’s – Buy
HOLX – Hologic – Buy – Final Trade
Seymour:
EEM – iShares MSCI Emerging Markets Index ETF – Buy – Final Trade
Terranova:
AIG – AIG – Buy puts
RIMM – Research In Motion – Buy
WMT – Wal-Mart – Buy
GS – Goldman Sachs – Buy – Final Trade
Pops (stocks that jumped higher):
CPB – Campbell Soup Company (7%) – Macke: I’d get long
AMG – Amgen (4%) – Buy if their data (positive bone drug data) is good
HSY – Hershey (8%) – Terranova: It could go to $48
CSX – CSX Corp (6%) – Seymour: It looks pretty good for these guys
CMG – Chipotle Mexican Grill (18%) – Macke: Stay away
SHLD – Sears (11%) – Najarian: Credit Suisse upgraded it
VLO – Valero (8%) – Terranova: We’ve worked off 28 million barrels of reformulated gasoline inventory, that’s bullish for refiners
GHL – Greenhill & Co (5%) – Wachovia raised it to outperform
MTL – Mechel (8%) -Announced a new “long wall face” commissioned at one of its mines, which will yield almost 1.5 million tonnes (metric tons) of coal
Drops (stocks that slid lower):
BWLD – Buffalo Wild Wings (4%) – Morgan Keegan downgraded it from “outperform” to “market perform” based on valuation
GME – GameStop (6%) – Closed down like most retailers
ICE – IntercontinentalExchange (8%) – Word hit that its acquisition of Creditex could weigh on the company
