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3 Stocks I Saw on TV, August 12

SAN DIEGO (TheStreet) - Dan Fitzpatrick at RealMoney.com, talks about three stocks on CNBC's "Fast Money" and "Mad Money" and gives his thoughts on how investors can use those ideas to grow their money. Today's stocks include : Nordstrom (JWN), Apache (APA),and Sanofi-Aventis (SNY).

On "Fast Money," Guy Adami said he thought that Nordstrom had hit its bottom. He recommended going long with a stop at $40. The stock is currently trading below the 200-day moving average. Fitzpatrick said he thinks the stock will test that level and sees potential upside for the stock. He said to use $40 as a reference but not a stop.

Also on Thursday's "Fast Money," Dan Dicker looked at oil stocks with cheap valuations, including Apache. The stock is currently trading near $103. Fitzpatrick said he sees resistance around $115, giving the stock a potential upside of $12. The stock's recent low was around $93 but Fitzpatrick recommended keeping a stop closer to $97 and buying on a pullback as long as it doesn't dip below the stop.

Finally, Fitzpatrick examines at Sanofi-Aventis, a company Cramer featured last night on "Mad Money." Fitzpatrick said Sanofi-Aventis was generally trending higher. He said the stock is oversold, and he thinks now is the time to buy.

At the time of publication, Fitzpatrick was long XXX, though positions may change at any time.

Dan Fitzpatrick is the publisher of StockMarketMentor.com, an advisory newsletter and educational forum dedicated to teaching effective risk management and trading methodologies to aspiring traders and investors. He is a former hedge fund manager and a member of the Market Technicians Association, and he now trades from his home in San Diego, Calif. While Fitzpatrick holds various securities licenses, he does not give recommendations to buy or sell stocks. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. He appreciates your feedback; click here to send him an email.

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