8 Fast Money Picks Ahead of Friday August 15th
The traders of CNBC’s Fast Money discussed the following stocks:
Tim Seymour FXC (FXC) is a good way to be long the dollar by shorting the Canadian loony.
Brian Kelley EWZ (EWZ) showed some weakness, and it is worth buying.
Karen Finerman thinks Macy’s (M) earnings were not as bad as the street thought they were, since Macy’s reaffirmed guidance.
Guy Adami would buy the TLT (TLT), because he sees it going to $125 and the yield on the treasury heading to 2%.
Big gainers or “Pops” on Thursday included:
Plug Power (PLUG) rose 4%. Alternative energy stocks have been strong, and this one is worth buying.
Rackspace (RAX) gained 4%.
Big losers or “Drops” on Thursday included:
Cisco (CSCO), which fell 3%, because its margins were weak and it isn’t showing revenue growth. Guy Adami thinks CSCO may be an attractive buy at $22.50
DangDang (DANG) fell 11%, but Tim Seymour thinks it has excellent growth prospects.
Read more about: Canadian, Cisco, CSCO, DANG, energy, EWZ, Fast Money, Friday August, FXC, growth, Guy Adami, Karen Finerman, Macy, Money, PLUG, Plug Power, revenue, Tim Seymour, TLT, treasury