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Under The Radar Trades

Stay alert! You never know what could fly under the radar as you dream about a 4-day weekend.

Our traders have spotted a materials play. Did it slip by you?

Both Pete Najarian and Guy Adami are keeping a close eye on Eastman Chemical after Deutsche upgraded the company on Tuesday.

Over the past 3 months shares have climbed 12% but they could have room to run, according to analyst Jason Miner.

By selling off riskier businesses with narrower margins and by growing in specialties, Eastman has bolstered earnings during the economic downturn, Miner said.

In a note to clients, Miner said gains from the company's transformation will become more evident with improving demand in the coming two years. This should drive confidence in "normal" earnings per share of $5 or more, he said.

He upgraded his rating on the company to "Buy" from "Hold," and raised his price target to $70 from $62.

$61.48 is the level I'm watching in this stock, counsels Guy Adami. If it closes above that level I’d get long.


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Trader disclosure: On November 24th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AAPL), (BAC), (EEM), (FXI), (INTC), (VIP), (F); Finerman's Firm Owns (AAPL), (PLCE), (MSFT), (NOK), (WMT), (FLS), (PDE), (RIG), (TGT); Finerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (USO), (UNG); Finerman's Firm Owns (BAC) Preferred, (BAC), (BAC) Calls; Finerman Owns (BAC) Preferred, (BAC); Najarian Owns (AAPL) Call Spread; Najarian Owns (BRCD) & (BRCD) Calls; Najarian Owns (CLF) & (CLF) Calls; Najarian Owns (INTC) & Short (INTC) Calls; Najarian Owns (DELL) Calls

Najarian Owns (DE) Call Spread; Najarian Owns (FCX) Call Spread; Najarian Owns (INTC) & (INTC) Calls; Najarian Owns (LAZ) & short (LAZ) Calls; Najarian Owns (BKS) Puts

For Charles Grom
JP Morgan Has Investment Banking Rel. With (M)
JP Morgan Has Investment Banking Rel. With (KSS)
JP Morgan Has Investment Banking Rel. With (JCP)
JP Morgan Has Investment Banking Rel. With (SKS)
JP Morgan Has Investment Banking Rel. With (COST)
JP Morgan Has Investment Banking Rel. With (TGT)
JP Morgan Has Investment Banking Rel. With (WMT)
JP Morgan Owns (SKS)

For Mark Mahaney
Citi Has Received Compensation From (AMZN)
Citi Has Received Compensation From (EBAY)
Citi Has Had (AMZN) As A Client In Past 12 Months
Citi Is A Market Maker In Shares of (AMZN)
Citi Is A Market Maker In Shares of (EBAY)

For Peter Schiff
Schiff Owns Gold


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