Fast Money Picks For July 29th (XLU, SBUX, SKX)

CNBC Fast Money's Guy Adami said on the show that you should sell Starbucks Corporation SBUX tomorrow. Starbucks Corporation (SBUX) gained 2.59% in the regular trading session, and it added 1.18% in the after hours. Steve Grasso recommended a defensive strategy. He wants to buy Utilities SPDR (ETF) XLU on Friday. Utilities SPDR (ETF) (XLU) fell 0.62%, and it closed at $33.51. Joe Terranova likes Skechers USA, Inc. SKX, and wants to buy it tomorrow. Skechers USA, Inc. (SKX) spiked 18.53%, and closed at $16.95.