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TheStreet Open House

3 Stocks I Saw on TV, August 26

Stocks in this article: MCDHAINSAPWFMSBUXORCLAAPL

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 : McDonald's (MCD), Hain Celestial Group (HAIN),,and Sap Ag (SAP).

Guy Adami was talking about McDonald's on Thursday's "Fast Money". Fitzpatrick said when the timing is right, this is a stock to buy. He thinks the stock is trading too high above the 50-day moving average. He recommends waiting for a better entry point.

Thursday, Jim Cramer featured the CEO of Hain Celestial Group on "Mad Money." The stock had been trending upward before dropping in August and Fitzpatrick said this prior uptrend would now acts as resistance. He said he thinks the stock will drop from about $31 down to $29. But he said at a lower price this could be a buy.

The last stock Fitzpatrick looks at in the video, is Sap Ag, another pick from Cramer. Right now, the stock is trading near $51, after falling from $68, where it was trading this spring. Fitzpatrick said he doesn't usually like to buy stocks trading this lo, but based on the weekly chart, he said this could be a 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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