GO
Loading...

Digging For Deals

Monday, 11 Feb 2008 | 3:57 PM ET

Wall Street seems to be on M&A watch with the next big areas of consolidation potentially being coal and steel. What should you know?

Coal

Demand for coal seems to be escalating, says Pete Najarian on CNBC’s Closing Bell. It’s growing at an unbelievable pace and it’s a worldwide phenomenon.

I’m seeing some unusual options activity in Arch Coal (ACI). Traders are buying the March calls and the July calls which suggests to me the stock could soon move higher. Also watch Alpha Natural Resources (ANR), he says.

Steel

Steel is right behind coal in demand. We’re always talking about global growth on "Fast Money" and as long as that sustains demand for steel should remain strong worldwide.

Fast Money Final Call
Back to the basics, with Fast Money's Pete Najarian.

In this space I’m watching US Steel (X), says Najarian, which I think could be a potential takeover target.

______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On Feb.11, 2008, 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), (DIS), (YHOO), (HAS); Najarian Owns (BIIB), (C), (CSCO), (MS), (MSFT), (XLF), (YHOO), (NOK), (ATI); Najarian Owns (FRE) Puts; Najarian Owns (AAPL) Calls, (NIHD) Calls, (OSIP) Calls, (DVN) Calls; Seymour Owns (AAPL), (CSCO), (F), (GM), (INTC), (MSFT), (TSO); Seygem Asset Management Owns (SSL), (GFI), (YHOO), (CHL), (COP), (NIHD)

  Price   Change %Change
ACI
---
ANR
---
X
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report