Market Overview

Fast Money Picks For August 19

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Pete Najarian said on CNBC's Fast Money that Hewlett-Packard (NYSE: HPQ) is the best in breed.

The company is going through its transition in the right way and the stock is going higher, thinks Najarian. Hewlett-Packard jumped 0.77 percent Monday and closed at $35.34.

Steve Grasso likes the risk/reward in Apple (NASDAQ: AAPL). He is expecting a break above $100 in about a week. Apple gained 1.2 percent and closed at $99.16.

Karen Finerman likes Macy's (NYSE: M). She explained that the stock is in a good spot right now because expectations are low. Good weather, low gas prices and rising employment should also be positive catalysts for the stock. Macy's gained 1.03 percent and closed at $58.04.

Guy Adami likes Michael Kors (NYSE: KORS) and thinks that the selling was overdone. Michael Kors gained 1.67 percent and closed at $79.36.

Posted-In: Guy Adami Karen Finerman Pete NajarianCNBC Long Ideas Fast Money Media Trading Ideas

 

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