RUMORS GONE WILD
The headline: Of 130 Buyout Rumors Since December, Only 4 Have Panned Out (source: StreetAccount)
The word: Jeff Macke says speculation and rumors are part of the Wall Street game. They always push stocks higher and traders need to be smart enough to separate fact from fiction.
PEDAL TO THE METAL:
- Alcoa (AA) , AK Steel (AKS) Buyout Speculation Fueling Red-Hot Metals Trade
- Steelmaker Arcelor Mittal (MT) May Make $4.5B Bid For AK Steel, FT Reports.
- Alcoa Makes $26.9B Bid For Alcan(AL) But May Too Be Bought
The word: Eric Bolling says consolidation in the space is a big trend right now and he expects it to continue. Guy Adami recommends investors own Commercial Metals Company (CMC) on a dip, because it stands to benefit from the boom in non-residential building.
THE WONDERFUL EARNINGS OF DISNEY:
The headline: Walt Disney (DIS) Profit Rises As `Wild Hogs', TV Advertising Drives Earnings
The word: Jeff Macke says DIS had a great quarter and thinks this stock will continue to climb. He was particularly happy to hear that theme park attendance was up nearly everywhere.