3 Stocks I Saw on TV, July 29

SAN DIEGO (TheStreet) – Dan Fitzpatrick at RealMoney.com, talks about three stocks seen 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 : International Paper (IP), Starbucks(SBUX),and Cisco(CSCO),

On Thursday, Jim Cramer spoke to the CEO of International Paper about the company’s attempted acquisition of Temple Island. Fitzpatrick recommends buying the stock if International Paper hits the 200-day moving average. Fitzpatrick believes Temple Island is a safe bet as IP remains committed to the takeover.

The traders on “Fast Money,” looked at Starbucks, which announced earnings Thursday after the market closed. They said to sell. Starbucks traded with high volume Thursday. Fitzpatrick said he thinks Starbucks is going to drop a few dollars, to the 50-day moving average and recommends either selling or staying out of Starbucks.

The last stock Fitzpatrick looks at is Cisco – a company featured on “Fast Money”. Fitzpatrick said, based on the daily chart, the stock appears to be forming a nice base. But on the weekly chart, he said he sees a series of lower highs and lows.