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Bet On Health Care Stalemate?
Producer
In the latest development, one of three wavering Senate Democrats said on Friday he would vote to start the chamber's healthcare debate.
Senator Ben Nelson said he would support a procedural motion on Saturday to allow debate on healthcare reform to proceed, even though he is still unsure if he will back the final bill.
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"It is only to begin debate and an opportunity to make improvements. If you don't like a bill why block your own opportunity to amend it?" he said.
If the Senate takes up the bill, the debate would begin on November 30, after next week's Thanksgiving holiday. It would last at least three weeks, making it unlikely President Obama will sign a final bill by the end of the year.
Also any differences between a Senate bill and the House of Representatives version passed on November 7 would have to be reconciled before a final bill can be voted on again in both houses and sent to the White House.
Considering there’s so much rhetoric and so few actual advances, how should you game health care?
I think the play is long UNH [UNH
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], says Steve Grasso. It seems like there’s a long way to go until anything is passed.
In the space I like C.R. Bard [BCR
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] and Becton, Dickinson [BDX
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], says Karen Finerman., They’re trading a lot lower than their average multiple of the last 5 years. I think they’re winners almost regardless of the outcome of reform legislation.
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Trader disclosure: On Nov. 20th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Pete Najarian Owns (DE) Calls; Pete Najarian Owns (DELL) Calls; Pete Najarian Owns (GE) Calls; Pete Najarian Owns (INTC), Is Short (INTC) Calls; Pete Najarian Owns (KRE) Calls; Pete Najarian Owns (LLY) Calls; Pete Najarian Owns (UUP) Calls; Pete Najarian Owns (BRCD), Is Short (BRCD) Calls; Pete Najarian Owns (LAZ), Is Short (LAZ) Calls; nerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (USO), (UNG), (TLT); nerman's Firm Owns (CLX), (CSCO), (MSFT), (NOK), (WMT), (SFC), (M); nerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Calls; Finerman Owns (BAC) Preferred, (BAC); Finerman's Firm And Finerman Own (SFC); Finerman's Firm And Finerman Own (WFC) Preferred; Finerman's Firm Owns (BCR), (BDX); Finerman's Firm Owns (BGC), (BGC) Calls; Terranova Owns (UNG) April 2010 Calls; Terranova Owns (POT), (GOOG), (AAPL), (FCX), (RIMM); Grasso Owns (AAPL), (ABK), (ASTM), (BAC), (BGP), (C), (COST), (FAZ), (PFE), (MRK), (V), (WMT)
GE Is The Parent Company Of CNBC
NBC Universal Is The Parent Company Of CNBC
For Steve Graso
Stuart Frankel & Its Partners Own (CMCSK)
Stuart Frankel & Its Partners Own (CUBA)
Stuart Frankel & Its Partners Own (GERN)
Stuart Frankel & Its Partners Own (HSPO)
Stuart Frankel & Its Partners Own (NWS.A)
Stuart Frankel & Its Partners Own (NXST)
Stuart Frankel & Its Partners Own (NYX)
Stuart Frankel & Its Partners Own (PDE)
Stuart Frankel & Its Partners Own (PRST)
Stuart Frankel & Its Partners Own (RDC)
Stuart Frankel & Its Partners Own (ROK)
Stuart Frankel & Its Partners Own (TLM)
Stuart Frankel & Its Partners Own (XRX)
Stuart Frankel & Its Partners Own (SDS)
Stuart Frankel & Its Partners Own (TBT)
Stuart Frankel & Its Partners Are Short (QQQQ)
Stuart Frankel & Its Partners Are Short (CL)
For Joe Terranova
Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Virtus Investment Partners Owns More Than 1% Of (CLB)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (XLY)
Virtus Investment Partners Owns More Than 1% Of (DBC)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (UA)
For Brian Stutland
Stutland Equities Is A Market Maker In VIX, Is Long Volatility
For Jon Najarian
Jon Najarian Owns (AMZN)
Jon Najarian Owns (WMT), Is Short (WMT) Calls
For Robert Stevenson
FPK Or Affiliates May Seek Investment Banking Compesnation From (RYL), (TOL), (DHI), (PHM), (LEN), (KBH) In Next 3 Months
CNBC.com with wires





