Trader Radar - Thursday February 5th
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. Founded in 1851, this company was once known as the New York and Mississippi Valley Printing Telegraph Company. In the 1930s, this company introduced the singing telegram, and is now the world’s largest money transfer business. However, shareholders had little to sing about today as the global recession sent their 2009 forecast tumbling. Who is it?
A: On the trader radar tonight we’re watching Western Union ! The world’s biggest money-transfer business was among the most active names on the NYSE today.