Fast Money Recap: Black Gold, Texas Tea

Bear Stearns Trade

Bear Stearns(BSC Quote) recently benefited from some good news when billionaire investor Joseph Lewis took a 7% stake in the firm. Now all of Wall Street is speculating on why he took the position and what is in store for the future of Bear. CNBC's Charlie Gasparino joined the team to discuss what he is hearing is likelty to happen at Bear.

Gasparino believes Lewis took the stake because he believes that Bear will be bought and the possible suitor is JPMorgan(JPM Quote). Najarian agrees that Bear is a takeover target. Finerman says the way to trade it is to buy leap options out of the money. (RealMoney Take: Jim Cramer said recently, "Now I know that there has been some serious impairment to future earnings, particularly from those more reliant on mortgage backs: Lehman and Bear." To read more on what Cramer said, click here.)

Sea Change

On Wednesday's "Sea Change" segment, Najarian explained that 78 million baby boomers are nearing retirement and this bodes well for the growth of the orthopedic-device market. He sees big demand and massive growth for knee and hip replacements.

Najarian says the names to play are Zimmer(ZMH Quote), Stryker(SYK Quote), Johnson & Johnson(JNJ Quote) and Smith & Nephew(SNN Quote).

Macke thinks the play is to buy Callaway Golf(ELY Quote) because boomers will play more golf after getting knees fixed.