AG Takeover Take
Ratigan asked the traders to talk about the deal making activity in the agriculture sector. Najarian said the three-way takeover battle with CF Industries (CF), Terra Industries (TRA) and Agrium (AGU) shows the willingness of ag companies to buy undervalued assets in the space. Finerman said AGU will have to raise their bid to get CF. Seymour mentioned that Mosaic (MOS0 and Potash (POT) have the best pricing power in the sector.
POPS&DROPS
POPS- Geron (GERN) jumped 16% off of Obama’s announcement to lift the ban on stem-cell research funding. Najarian reminded viewers that you’re playing something that could happen well into the future. Rohm & Hass (ROH) added 17% on the news that Dow Chemical (DOW) would go through with its purchase of the company. Finerman said that explains the stocks rise. General Electric (GE) rose 5%. Karabell said the stock is making a comeback. Wells Fargo (WFC) ripped 16% higher after the bank said it’s cutting their dividend by 85%. Finerman said its profitable to be a bank right now. Halliburton (HAL) jumped 4% after FBR raised its rating on the stock to outperform. Seymour told viewers that if  oil moves up HAL will follow. Caterpillar (CAT) popped 3%. Karabell speculated that business could be getting better at CAT. JetBlue (JBLU) rose 3% after Morgan Stanley upgraded the stock to overweight. Najarian said he liked the call. Pro-shares 20+ YR Treasury ETF (TBT) climbed 1%. Finerman thinks  the supply of Treasures is going to increase and she said she plans to stay long TBT.
DROPS- HSBC (HBC) fell 5%. Seymour explained the company is doing bad due to US housing loan issues. Procter & Gamble (PG) lost 3% after their president of global business retired. Najarian reminded viewers the stock is near a 52-week low.
Rising Star
In the “Rising Star” segment, Karabell mentioned Thomson Creek Metals (TC), one of the largest publicly traded pure molybdenum producers in the world, which is used to make high-end steel for airplanes and buildings. Karabell said despite the fact that prices of molybdenum have dropped, there will still be future demand because it’s an irreplaceable input for high-end steel. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!