Trader Radar - Friday January 2nd
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. Founded as a REIT in 1969, this company has since become one of the world’s largest hotel companies, acquiring Westin in 1994. Hurt by the slowdown in travel, the company is looking to check out of some of its properties and focus on its core luxury brands like the W and Sheraton. Today, the shareholders felt pampered after the stock rose on word that Sam Zell may be interested in buying up some of those discarded properties. Who is it?
A: On the trader radar tonight we’re watching Starwood Hotels! The third-largest U.S. lodging company was among the most active names on the NYSE today.