FRENCH STRIVE TO BE GUITAR HEROES
The headline: France's Vivendi (VIV) To Combine Games Unit With Activision (ATVI), Maker Of 'Guitar Hero'
I think this represents consolidation in the entire videogame space, says Macke. Personally as an ATVI shareholder, I was hoping for a better premium. And I think the trade is now Take-Two Interactive (TTWO) and THQ Inc. (THQI), because they could also be takeover targets.
FRENCH STRIVE TO BE GUITAR HEROES
Karen Finerman adds that if you own Activision shares, you will have a chance to tender into a $27.50 offer for about 50% of your shares, if you choose.
AMBER WAVES OF GAINS
The headline: Agricultural Stocks Rally After Agrium (AGU) Agrees To Buy UAP Holdings (UAPH) For $2.65B
Pete Najarian says it’s a testament to the global growth story. Agrium's purchase of UAP will make it North America's largest agricultural retailer.
The headline: Oil Drops Following Venezuelan Referendum, Then Reverses On OPEC Expectations.
Guy Adami believes crude oil will move lower. However, he adds already crude is $10 off its highs.
BRIGHT, SHINY OPTIONS
The headline: Pete Seeing Unusual Options Activity In Solar Stocks; LDK Solar (LDK),Trina (TSL),SunPower (SPWR), Solar Stocks Jumping Monday
Najarian says solar stocks are still in play and he bought calls in Trina Monday.
TAKE YOUR POSITION: CHICO'S & GUESS
The headline:Chico's (CHS) And Guess (GES) To Report Earnings Tuesday After The Bell
Do not pick the bottom on specialty retailers such as Chico’s, says Jeff Macke. Teen retail is the place to be right now, he adds. That makes Guess a buy.
A BUFFETT OF JUNK
The headline: Buffett's Berkshire Hathaway (BRK) Buying $2.1B In TXU Junk Bonds From Goldman Sachs.
Karen Finerman doesn’t read much into the deal.
> Click here to get Pete Najarian's trade - "Najarian: Trading In Buffet’s Wake"
WILL NIKE JUST BUY IT?
The headline:Traders Speculating Nike (NKE) and Asics (ASCCF) May Bid Together For Adidas: Reuters;
Pete Najarian thinks the deal would give Nike an excellent entry into the soccer market.
The headline: General Motors (GM), Automakers Tumble After November Sales Disappoint.
Chrysler Reports that November Sales fall 2.0%
General Motors November sales decline 11.4%
Toyota November Sales Up 0.3%
Ford November Sales Up 0.4%
Guy Adami thinks the car industry is a mess. He likes BorgWarner (BWA) – but other than that, he doesn’t think there’s a reason to be in the space.
The headline: Genentech (DNA) Falls After FDA Chooses To Consult Outside Panel On Avastin Use For Breast Cancer.
Pete Najarian explains that the latest news on Avastin suggests it doesn’t extend a cancer’s patient life. That’s a problem, he says.
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Trader disclosure: On Dec. 3, 2007, 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 (ATVI), (DIS), (COH); Najarian Owns (ETFC); Najarian Owns (COP) Options,(HANS) Options, (TSL) Options; Finerman's Firm Owns (SKS), (TSO), (WMT), (CROX), (KSS); Finerman's Firm Owns (MSFT) Options; Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (AEO); Finerman's Firm Is Short (BIG), (LEN), (MBI), (SPY), (IYR), (IWM), (IJR); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firim Is Short (MDY) And Owns (MDY) Puts