Fast Money Picks For January 14th (QLGC, MTL, TXN, GLD, FCX, USB)
Brian Kelly said on CNBC's Fast Money that he likes QLogic Corporation (NASDAQ: QLGC). He recommended this stock as a buy. QLogic Corporation (QLGC) gained 1.46% today, and closed at $17.39.
Tim Seymour suggests a short position in Mechel OAO (ADR) (NYSE: MTL) tomorrow. He explained that coal price has increased recently, and he said that the demand for steel is going down. Mechel OAO (ADR) (MTL) fell 2.46% today, and closed at $33.26.
Guy Adami believes that Texas Instruments Incorporated (NYSE: TXN) will move higher tomorrow. He is a buyer of this stock. Texas Instruments Incorporated (TXN) fell 0.53% in the regular trading session, but it added 0.72% in the after hours.
Joe Terranova thinks that it would be wise to take a short position in SPDR Gold Trust (ETF) (NYSE: GLD) and Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) tomorrow. SPDR Gold Trust (ETF) (GLD) fell 1.04% today, and Freeport-McMoRan Copper & Gold Inc. (FCX) dropped 3.09%.
Pete Najarian sees U.S. Bancorp (NYSE: USB) at $28. U.S. Bancorp (USB) gained 0.22% today, and closed at $26.75. Its daily high was at $27.26.
