Stock Picks for Monday Jan 12, 2009

(MU) - buy
Micron Technology Inc. announced Friday that the U.S. District Court of Delaware has found that patents Rambus Inc. had asserted against Micron are unenforceable.

(RMBS) - short
US judge rules against Rambus in Micron case.

(SHLM) - short
Schulman Inc, said its fiscal first-quarter net income fell 18 percent due to a sharp fall-off in demand in Europe, Mexico and North America and restructuring costs.

(CVS) - short
Catania questions CVS pharmacy practices. The nonprofit has accused the company, which it claims manages 30 percent of the country’s prescriptions, of incentivizing pharmacists to switch patients from doctor-prescribed medicines to more profitable alternatives, selling consumer data to drug manufacturers and other third parties to boost retail sales and putting profits over patients, among other issues.

(FQR) - short
Equity Residential said it will reduce the number of planned development projects and as a result, will incur a non-cash charge of about $115 million, or 39 cents a share, in the fourth quarter. The real estate development company also said it may make additional adjustments to its staff following earlier reductions.