Fast Money Stock Picks Thursday 02/22/07

The market may be setting up for correction, but there is a general lack of concern among traders.

Bolling: The market is in good shape, guys! Ben won’t raise rates.

Strazzini: The market doesn’t have any catalyst and is very thin right now.

Macke: The market is trading fine, there is a lot to like about it.

Adami: CBE is a BUY.

GOOG Corners Office

Macke: It’s about time for GOOG to take a shot across MSFT’s bow. SUNW is the real winner in all of this.

Strazzini: Focus on content…YHOO is the winner.

Bolling: Now is a great time to BUY GOOG.

Adami: YHOO is the name to own in 2007.

Macke: YHOO will get it done.

The Global Trade

Jane Wells, CNBC Analyst in Mexico City: Mexico is on fire. AMX is off like a rocket. HXM, CX and WALMEX.MX also doing well.

Strazzini: Mexico and Brazil have been great plays, but I like Korea, Singapore and Malaysia better.

Bolling: The international indeces are outperforming the US market. E-Trade announced they will be letting investors buy individual foreign stocks…will be HUGE.

Macke: Canada is my international pick.

Strazzini: I would buy DNH.

Adami: CX is definitely in play.

Street Fight with Herb Greenberg

Herb: BBW is terrible! Their same-store sales are dismal. Macke: These guys can go private in a million different ways, they are a takeout candidate.

>Herb wins the fight // Overturned at end of segment, win goes to Macke.

Herb: AMAT is awful. Strazzini: The stock is deeply discounted right now and they are the industry leader. Own it before the cycle tells you to buy it. The stock will go to $21.

>Strazzini wins the fight.

Bolling: Overheard “I hate my f*cking Palm!” RIMM is beating the crap out of PALM. Herb: PALM is a classic buyout play.

Bolling: You can’t use that argument! You just told Macke he couldn’t use that logic!

>Bolling wins the fight.

Word on the STreet

Adami: SELL AAPL. At $90, you’re in no-man’s land. Wait to get in until the next catalyst for the stock shows itself.

Bolling: You can buy AAPL here. Be long the refiners.

Macke: JCP is a turnaround story, buy the dip. FD is a better play though in this space. BUY the RTH.

Strazzini: The Chips are working. STM is a BUY.

Adami: TOL is not cheap and management even says not to expect much in the near-term.

Bolling: NEM had a big day today. Their costs are rising but the price of gold is up. NEM and all miners are BUYS.

Macke: SWY is down and WMFI took off today. SWY fundamentals are strong. BUY SWY.

>>Happy 52 Week High to CHDN<<

Face2Face

Katie in VA– When will e pull out of the housing slump?

Adami: I can’t tell you, but the fast money has already been made in housing. CBE, GLYT, CT are BUYS.

Laura in IN– What’s a good starter stock?

Macke: There aren’t really good starter stocks. USO is a good stock to hold for 5-10 years. Also, BUY COST, DIS and GPS.

Rocky Allen in NY– What is your favorite gold play?

Bolling: GLD and ABX.
Take profit off the table with AUY.

Dirty Trades: Porn

Bolling: LNET is a BUY. Look at the chart! Wow.

Macke: DTV is a good BUY. PLA is a good takeover candidate.

FINAL TRADE

Macke: BUY SWY.

Strazzini: BUY PNRA.

Adami: BUY CX.

Bolling: BUY FXE.

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