'Fast Money' Recap: Callaway Swingin'

Macke said Sirius (SIRI Quote) and XM Satellite Radio (XMSR Quote) are "untouchable." The companies made headlines today on news that their merger may go through.

Back in tech, Najarian said he likes Research In Motion (RIMM Quote). He said "everything is working for the BlackBerry" predicted that a touch device would be available soon. He also said he likes Apple (AAPL Quote). Adami and Terranova agreed with Najarian on Apple.

Macke said Anheuser-Busch (BUD Quote) should take InBev's buyout offer.

Najarian pointed out bullish activity in Rambus (RMBS Quote). He said investors should keep an eye on the stock.

Adami said he is leery of the steel sector. He said he's bearish on U.S. Steel (X Quote) and advised viewers to wait for a pullback.

Where's Goldman Goin'?

Jeffery Harte, an analyst for Sandler O'Neil joined the show to talk about Goldman Sachs' upcoming earnings statement. He said Goldman won't miss tomorrow. He praised the company's balance sheet. He said Morgan Stanley (MS Quote) is more risky.

Harte said "it's not inconceivable" that Goldman buy a bank this year, but he said Goldman probably isn't pursuing that move aggressively.

"Commodities King" Dennis Gartman joined on the show to discuss the Federal Reserve's next move. He said the Fed will not raise rates. Macke agreed. Adami said the Fed will probably raise rates by a quarter point sometime soon. Terranova also said rates will go up. Najarian agreed. Gartman said a strong dollar is in the best interest of the company but he says a rising dollar is not likely.

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