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 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) 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 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) GLD and Freeport-McMoRan Copper & Gold Inc. 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 USB at $28. U.S. Bancorp (USB) gained 0.22% today, and closed at $26.75. Its daily high was at $27.26.