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Fast Money HomeFast Money Rapid RecapAbout Fast MoneyFast Money BiosFast Money Web ExtraFast Money Disclaimer
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Feb.11
6:15 PM ET
Wednesday, 11 Feb 2009
Health Care, Last Sector Standing

If you’re looking for trading action look no farther than healthcare. There’s something happening in almost every corner of this sector.

For example, healthcare just gave rise to the largest IPO in nearly 10 months when Bristol Myers [BMY  Loading...      ()   ] spun off its children's and infant nutrition unit into a company now called Mead Johnson [MJN  Loading...      ()   ]. The IPO raised $720 million and exceeded expectations.

Then you’ve got Sanofi-Aventis [SNY  Loading...      ()   ] . The firm’s new CEO just laid out a fresh growth strategy targeting small to medium-sized acquisitions in vaccines, generics and over-the-counter drugs.

And then there’s Roche [RHHBY  Loading...      ()   ], which launched a hostile offer on Monday to acquire, directly from stockholders, the 44 percent of biotechnology company Genentech [DNA  Loading...      ()   ] it does not already own for $86.50 a share.

What’s the trade, now?

I’d look at Amgen [AMGN  Loading...      ()   ], says Guy Adami. I don’t think they’re a takeover target but they’re a good company.

And put Johnson & Johnson [JNJ  Loading...      ()   ] on your radar too, adds Tim Seymour.

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Trader disclosure: On Feb. 11th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders;  Najarian Owns (CAT) Call Spread, (ENER) Call Spread, (EEM) Call Spread, (GDX) Call Spread, (GLD) Call Spread, (STI) Call Spread, (MOS) Call Spread; Najarian Owns (CHK) Put Spread; Najarian Owns (FCX) & (FCX) Calls; Najarian Owns (GS) Calls; Najarian Owns (GE) Puts; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls; Terranova Owns (DIS), (KCE), (XBI), (FXC); Terranova Owns (IBM) Call Spread; Terranova Owns (AMGN) Puts; Seymour Owns (MT), (BAC), (EEM), (FXI); Seymour's Firm Owns (VIP), (TKC); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE)

© 2009 CNBC

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