Shares of aluminum giant Alcoaare surging ahead of earnings Monday. Will Alcoa sales figures reveal that the global growth story is still intact?
I think Alcoa is a great company, says Guy Adami. They’re doing everything right and I think they could be a takeover target.
Options action suggests to me that the stock could move significantly higher this month, adds Pete Najarian.
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Trader disclosure: On Apr.3, 2008, 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 (MSFT), (YHOO); Najarian Owns (XLF), (AAPL), (CSCO); Najarian Owns (MER) Puts; Najarian Owns (AA) Calls; Finerman Owns (GS), (NYX), (MO), (MSFT), (FNM), (VLO), (SUN), (TSO), (FNM); Finerman is Short (GLD)