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The Word On Alcoa, Activision...

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ALUMINUM WRAP-UP:
The headline: Aluminum Maker Alcoa (AA) Launches Hostile $26.9B Bid For Canadian Rival Alcan (AL)
The word: Eric Bolling says keep an eye on Century Aluminum (CENX) and Anglo America plc (AAUK) – both companies could come into play.

BULLETPROOF BUYOUT:
The headline: BAE Systems, Europe's Largest Defense Contractor, To Buy Armor Holdings (AH) For $4.1B
The word: Guy Adami thinks the deal could lead to more consolidation. He likes Rockwell Collins (COL) as another possible takeover target.


VIDEO GAME TRADE:
The headline: Activision (ATVI) Shares Tumble 5% On Poor Reviews Of "Spider-Man" Video Game. Electronic Arts (ERTS) To Report 4th Quarter Earnings Tomorrow After The Bell
The word: Jeff Macke says ignore the news and buy ATVI on the dip. He also says buy ERTS. Jeff expects both companies to do well in the second half of the year.



CONTAINER BOARD BUSINESS
The headline: On Friday Weyerhaeuser Company (WY) Announces It's Seeking Strategic Alternatives For Container Board Business
The word: Tim Strazzini recommends buying other container board companies such as Smurfit-Stone Container Corporation (SSCC) and Temple-Inland (TIN) because they will have better pricing power after Weyerhaeuser sells.


GOV. CORZINE ON HEDGE FUNDS:
The headline: New Jersey Gov. Jon Corzine Talks To "The Today Show" About Tax Hikes For Hedge Funds

MATT LAUER: Democrats in Congress are-- are considering-- raising taxes on hedge fund-- hedge fund managers and private equity people and taxing them at a rate not for capital gains but for income tax.

GOV. CORZINE: Well, first of all, it won't derail the hedge fund boom because many of them will go offshore and will avoid-- the US taxation.

The word: Eric Bolling thinks it will never happen.

NYMEX'S NUCLEAR LAUNCH:
The headline: Uranium Futures Begin Trading On The NYMEX
The word: Eric Bolling says all the equities around the uranium trade, such as USEC Inc. (USU), and Denison Mines (DML) are really exploding.

Symbol
Price
 
Change
%Change
VANG SC VAL
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RCM
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AL
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FHGUAX
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ZE385
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COL
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LEU
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Trader disclosure:
On May 7, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Strazzini Owns (SNDK), (TIN); Bolling Owns (SZE), (DIS), (NMX), (VE), Gold, Silver; CNBC Is A Service Of NBC Universal And Dow Jones, Vivendi Owns 20% Of NBC Universal, The Parent Company Of CNBC