He points out “sympathy buying” in stocks like QLogic (QLGC), but he’s observed that the buying action has been concentrated been mainly retail buyers, not large institutional investors who buy equity in larger quantities.

Another sector with some serious M&A action is Pharmaceuticals, with the major acquisitions occurring in the past month. More recently, one name that has been brought up is Teva Pharmaceuticals (TEVA), who may be in the market to acquire another company. Najarian said the rumor on the street was that Teva was interested in Watson Pharmaceuticals (WPI), which caused the trading volume of the stock to go through the roof today.

Another sector with some serious M&A action is Pharmaceuticals, with the major acquisitions occurring in the past month. More recently, one name that has been brought up is Teva Pharmaceuticals (TEVA), who may be in the market to acquire another company. Najarian said the rumor on the street was that Teva was interested in Watson Pharmaceuticals (WPI), which caused the trading volume of the stock to go through the roof today.

The commodities market may soon see its share of activity. Najarian sees some hints of M&A activity with Nucor (NUE) rumored to be looking at Schnitzer (SCHN), which caused a dramatic pop in that stock, which Najarian also bought in to. In this example, the volume was more reminiscent of institutional investors, with large chunks of volume occurring throughout the day.

The commodities market may soon see its share of activity. Najarian sees some hints of M&A activity with Nucor (NUE) rumored to be looking at Schnitzer (SCHN), which caused a dramatic pop in that stock, which Najarian also bought in to. In this example, the volume was more reminiscent of institutional investors, with large chunks of volume occurring throughout the day.