As merger rumors swirl in the cable space, CNBC "Fast Money" trader Steve Grasso would own a consistent target—Time Warner Cable.
"I think that the safe bet would be Time Warner," he said, adding that the stock can go "much higher" from its Friday close.
Shares in Time Warner Cable rose 4 percent Friday after Comcast abandoned its proposed $45 billion acquisition of its smaller rival amid regulatory backlash. Friday reports suggested that Charter Communications may be preparing a bid for Time Warner Cable after Comcast dropped its bid.
[Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.]