The most active name on the NYSE Tuesday was Lyondell Chemical (LYO). Although the chemical names had a great run early in the year, they’ve settled back recently. However, with today’s buy-out there’s speculation that more consolidation could lie ahead. What’s the trade?
Eric Bolling says he’s bullish on the sector and he recommends buying chemical stocks in part because they manage their energy costs very well. (Chemical companies use a great deal of energy.)
Pete Najarian thinks Celanese (CE), Lubrizol Corp. (LZ) and Eastman Chemical (EMN) might be takeover targets.
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Trader disclosure: On July 17th 2007, 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 (ATVI); Bolling Owns (BP), (XOM), Corn, Soybeans, Gold, Silver, Platinum, Copper; Najarian Owns (SNDK); Seymour Owns (BAC), (BBD), (COP), (INTC), (ITU); GE Is The Parent Company of CNBC; CNBC Is A Service Of NBC Universal And Dow Jones