'Fast Money' Recap: It's in the Charts

Stock quotes in this article: STT , SXE , MON , POT , TGT , COST , WMT  

Drops - E*TRADE(ETFC Quote) fell 11% after a Bank of America analyst cut the stock to a sell rating. Per Macke, run away.

Research In Motion(RIMM Quote) fell 8% after a Morgan Keegan analyst downgraded the stock based on valuation. Najarian noted that RIMM has gone up too fast and now analysts are downgrading it.

Verifone(PAY Quote) fell 46% after the firm reported account errors that took profits down 80%. Adami predicts PAY will be on the drops list all week.

Big Lots(BIG Quote) fell 6% after a Wedbush Morgan analyst cut her price target on the stock. Finerman loves being short Big Lots.

Fannie Mae(FNM Quote) fell 6% after a Goldman Sachs analyst cut the stock to sell. Finerman remarked that Goldman is being mean because they can.

Final Trade

The team gives its best trading ideas to viewers.

  • Macke would buy THQ(THQI Quote) off of the Activision takeover.
  • Adami suggest shorting the Dow with Short Dow30 ProShares(DOG Quote).
  • Finerman recommends retailer Kohl's(KSS Quote).
  • Najarian prefers U.S. Bancorp(USB Quote) as a play on Warren Buffett.
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