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 (NASDAQ: 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) (NYSE: XLU) on Friday. Utilities SPDR (ETF) (XLU) fell 0.62%, and it closed at $33.51.

Joe Terranova likes Skechers USA, Inc. (NYSE: SKX), and wants to buy it tomorrow. Skechers USA, Inc. (SKX) spiked 18.53%, and closed at $16.95.