Pete Najarian says the $6 billion a year drug is still theirs. Also a new drug application for a cancer therapy and an oncology pipeline are adding to takeover speculation. Guy Adami thinks BMY is too expensive for a takeover.
THE OIL-AIRLINES TRADE:
The headline: Fuel Prices Fall, Airline Stocks Take Off and Vice Versa
Eric Bolling says there is a direct correlation between the airline index and gasoline; directly opposite, that is.
EXPEDIA'S MONSTER BUYBACK:
The headline: Internet Travel Agency Expedia (EXPE) Buys Back 42% of Its Common Stock
Pete Najarian says The Street has never seen a buyback this large before. He adds Travelzoo (TZOO) and Priceline (PCLN) might be in play.
The headline: Best Buy (BBY) Profit Drops 18% as Flat-Panel TV, Notebook Prices Slide
Jeff Macke says BBY is selling lower margin goods. He adds “it’s a next year story” in terms of profits. Pete Najarian thinks the dip is a buying opportunity.
CORN DROPS MOST IN 2 MONTHS:
The headline: Why Do Monsanto (MON), Agrium (AGU) Continue to Surge as Corn Prices Fall?
Eric Bolling says MON and AGU have both guided higher and he believes these stocks are off to the races.
The headline: Viewer Sees Gold License Plate Omen; Bolling Dreams of Google
Kevin writes, "Eric: I was driving home yesterday and saw a license plate that read: "GLD O855". I immediately remembered your “Google” dream and thought there must be something to this."
Eric Bolling says don’t go with dreams; just do your homework.