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Spotlight Stocks: Yahoo, Humana, Google, Intel


Monday's top stories and stocks with potential to move...


Stocks to watch for Monday, February 4, 2008:

  • Microsoft's (MSFT) proposed buyout of Yahoo (YHOO) will be put under review by the House Judiciary Committee on February 8. The Committee will be examining the potential impact the merger will have on competition.
  • Google (GOOG) CEO Eric Schmidt spoke with Jerry Yang of Yahoo in an effort to persuade him from completing the Microsoft merger. No rival bids have yet been made for the company, and Google is an unlikely bidder because of the regulatory issues it would face.
  • Humana (HUM) reported 4Q net income of $243.2 mln, or $1.43 a share, up 57% from $155 mln, or 92 cents a share a year ago. The company attributed the lift to the sale of a venture-capital investment. Revenue for HUM rose 12% to $6.34 billion from $5.66 billion.
  • Citigroup (C) has notified about 161,000 U.K. credit card holders they will not be able to use their cards after the first week of March and will not receive any further credit. The affected accounts come from Egg Financial, which was acquired by Citi in 2007.
  • Intel (INTC) will announce the specs of its new chip, which will be aimed at a new category of portable gadgets, reported the Wall Street Journal. These MIDs, or mobile Internet devices, that are between the size of a cellphone and a laptop computer. The Journal reports these products, code-named Silverthorne and expected to become available in the second quarter, draws 0.6 to 2 watts, or roughly a tenth the power used by the chips Intel sells for laptop computers, said Pankaj Kedia, director of global ecosystem programs for mobile Internet devices.
  • Ford (F) announced a recall of about 225,000 vehicles in regard to a previously repaired cruise control deactivation switch. According to the WSJ, Ford dealt with cruise-control switch problem by installing new wiring harnesses in the recalled vehicles. Now, the auto maker says some of those wiring harnesses appear to be defective.

Market Recap

  • Asian trading closed with the Hang Seng +3.77%, Nikkei +2.69%, Sensex +2.29%, Taiwan +2.03% and Shanghai +8.13%.
  • A quick check across the pond finds the CAC +0.49%, DAX +1.25%, FTSE +0.49%, ATX +1.28%, Swiss Mkt. +0.18% and Stockholm +1.27%.
  • A look at commodities has crude oil trading lower -0.55 to 88.40 and gold is dipping -10.7 to 898.0 this morning.

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No positions in stocks mentioned.

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