'Fast Money' Recap: What Would Warren Do?

Let's Make a Deal

Biogen(BIIB Quote) trades up in a down market on no news. Finerman speculated that both Merck(MRK Quote) and Pfizer(PFE Quote) are looking to buy Biogen. Najarian mentioned he saw options traders buying December options and selling July options. This action indicates to him that a deal will get done for Biogen between $85 and $90 per share. Najarian thinks a foreign buyer will takeover Biogen and Macke mentioned he doesn't think the buyer will be Merck.

ArcelorMittal(MT Quote) agreed to buy steel distributor M.T. Majdalani for an undisclosed amount. Adami continues to think that United States Steel(X Quote) is a takeover target.

POPS&DROPS

Pops - MasterCard(MA Quote) traded up 1% after Keefe, Bryette & Woods upgraded the credit card firm. Adami feels MA is a secular growth story that he likes.

Blockbuster(BBI Quote) traded up 7% after BMO Capital issued some bullish comments on the video rental chain. Finerman thinks traders weren't focused and were selling other stocks instead.

McDonald's(MCD Quote) traded up 2%. For Macke, this is one stock that is working and next month they will beat sales expectations.

FuelCell Energy(FCEL Quote) traded up 16% after the firm said its fourth-quarter loss was smaller than expected. Najarian maintains everyone around the globe wants to go green.

Drops - H&R Block(HRB Quote) fell 3% after the tax preparer saw second-quarter losses soar. Finerman wasn't surprised that this financial stock took a hit on a day like Tuesday.