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Rumor Friday Is Back

Like Fridays of old, speculation is swirling around names like Macy’s, Genentech and Yahoo. With the rumor mill back in overdrive, could the return of “Merger Mondays” be next?

Pete Najarian hears plenty of rumors in the options pits, but a couple stuck out to him today. One bit of speculation that has investors on their toes: Roche could buy Genentech (DNA). He also hears speculation that eBay (EBAY) is looking at Yahoo! (YHOO), which would be a disaster for eBay, Jeff Macke said. Also, with Macy’s (M) down substantially off its highs, the rumors that the department store giant could get taken out have begun to churn again, Pete said. Rumors are often just rumors, but they are also encouraging signs of market normalization.



Pete Najarian hears plenty of rumors in the options pits, but a couple stuck out to him today. One bit of speculation that has investors on their toes: Roche could buy Genentech (DNA). He also hears speculation that eBay (EBAY) is looking at Yahoo! (YHOO), which would be a disaster for eBay, Jeff Macke said. Also, with Macy’s (M) down substantially off its highs, the rumors that the department store giant could get taken out have begun to churn again, Pete said. Rumors are often just rumors, but they are also encouraging signs of market normalization.

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Trader disclosure: On Sept. 14, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (INTC), (SWY); Najarian owns (CREE), (GS); Finerman’s Firm Owns S&P 500 Puts, Russell 2000 Puts, (BEAS), (ASD), Is Short (LEAP); Finerman’s Firm and Finerman Own (HD)

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