Fast Money Picks For August 8 - Cisco Systems (NASDAQ:CSCO), Companhia Brasileira (NYSE:CBD)

On CNBC's "

," Tim Seymour recommended a long position in

Companhia Brasileira de Distribuicao-ADRCBD

. He said that the stock is akin to a Brazilian

Wal-Mart Stores, Inc.WMT

, and he added that its margins are recovering.

David Seaburg would own Wayfair Inc W.

Dan Nathan is a buyer of Cisco Systems, Inc. CSCO. The company is going to report earnings on August 17, and if it beats the earnings, it is going to break out sharply higher, explained Nathan.

Guy Adami thinks Phillips 66 PSX is a buy.

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