Taiwan Trade
Taiwan has been a big underperforming versus China and among all of the emerging markets. What is the trade as Taiwan gets ready to hold legislative elections this weekend? Tim Seymour explained that Taiwan's opposition Nationalist Party is currently in the lead and is perceived to be friendlier to China and better for big business. The election happening this weekend is comparable to the U.S. primaries and the general election is set for March. Seymour says the way to play Taiwan is to buy
iShares MCSI Taiwan Index(EWT Quote - Cramer on EWT - Stock Picks),
AU Optronics(AUO Quote - Cramer on AUO - Stock Picks) and
Taiwan Semiconductor(TSM Quote - Cramer on TSM - Stock Picks).
Pops & Drops
This segment of POPS&DROPS highlights the most extreme stock moves of the week.
Pops -
Pfizer(PFE Quote - Cramer on PFE - Stock Picks) traded up 5%. Adami points out that PFE has a great balance sheet and the stock will be a pop for the rest of 2008.
Altria(MO Quote - Cramer on MO - Stock Picks) traded up 6% as investors looked for a safe haven in defensive stocks. Finerman remarked that this was as defensive as you get with a great balance sheet.
Drops -
McDonald's(MCD Quote - Cramer on MCD - Stock Picks) fell 5% after a Friedman, Billings, Ramsey analyst said the stock is fully valued and heading to $53. Macke would buy the dip.
Juniper(JNPR Quote - Cramer on JNPR - Stock Picks) fell 14% after the network equipment maker suffered a downgrade and lost its COO. Najarian explained that COO Stephen Elop left to go to Microsoft and that's why the stock took a hit.
Stockpickr Staff
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