Fast Money Picks For July 22nd (LO, CBI, IBM, CAT)

CNBC Fast Money's Brian Kelly recommended a long position in Lorillard Inc. LO in the wake of strong earnings results from Philip Morris International Inc. PM. Lorillard Inc. (LO) gained 3.12%, and Philip Morris International Inc. (PM) added 4.84%. Guy Adami wants to buy Chicago Bridge & Iron Company N.V. CBI on Friday. Chicago Bridge & Iron Company N.V. (CBI) gained 3.70%, and closed at $42.34. Karen Finerman believes that you should take a little money of the table in International Business Machines Corp. IBM tomorrow. International Business Machines Corp. (IBM) gained 0.68%, and closed at $184.90. Joe Terranova thinks that you should buy Caterpillar Inc. CAT if it trades higher tomorrow, because this is the type of market where you can add to your position. Caterpillar Inc. (CAT) gained 1.17% in the regular trading session, and it added 1.47% in the after hours.