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Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
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Feb.11
3:57 PM ET
Monday, 11 Feb 2008
Digging For Deals

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  Loading...      ()   ](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  Loading...      ()   ](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.

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

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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)

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