'Fast Money' Pops and Drops: Solid Hardware
09/05/08 - 06:40 PM EDT
Pops Home Depot(HD Quote - Cramer on HD - Stock Picks) and Lowe's(LOW Quote - Cramer on LOW - Stock Picks) both popped over 5% this week. Adami thinks the Treasury plan for Freddie Mac(FRE Quote - Cramer on FRE - Stock Picks) and Fannie Mae(FNM Quote - Cramer on FNM - Stock Picks) should be positive news for both.
Amazon.com(AMZN Quote - Cramer on AMZN - Stock Picks) added 3% to $6.28, despite the company's announcement that same-store sales dropped 10%. Macke said this is a good opportunity to sell the stock. Drops Google(GOOG Quote - Cramer on GOOG - Stock Picks) dropped 7%. Macke said that slowing growth and giving stuff away for free isn't enough to support a stock in this market. Alcoa(AA Quote - Cramer on AA - Stock Picks) fell 11% this week. Najarian explained that the liquidation in the hedge-fund world of commodity stocks was bad for Aloca. Oil Service Trust(OIH Quote - Cramer on OIH - Stock Picks) lost 6%. Finerman said that at this level it's overdone to the downside. Johnson & Johnson(JNJ Quote - Cramer on JNJ - Stock Picks) traded down 2% this week. Adami explained the fundamentals are still in place at JNJ. Advanced Micro Devices(AMD Quote - Cramer on AMD - Stock Picks) dropped 8% after Merrill Lynch cut their estimates on the chipmaker. Najarian said to stay away for a little while longer. Hovnanian Enterprises(HOV Quote - Cramer on HOV - Stock Picks) plunged 14% after reporting disappointing earnings this week. Finerman said that if you want to play a bounce in the builders, find a different name. Freeport McMoRan Copper & Gold(FCX Quote - Cramer on FCX - Stock Picks) slipped 13%. Adami said you might want to own this one.


