Two Ways: Microsoft, Yahoo Rekindle the Magic?
Strengthen your portfolio in good times and bad.
Microsoft (MSFT) CEO Steve Ballmer says his company should join forces with Yahoo (YHOO) and go after Google (GOOG). According to Bloomberg, he's already lured about 10 engineers over from Yahoo, and is hoping to have a conversation its new management team soon. Ballmer also took a shot at former Yahoo CEO Jerry Yang, saying he understood how shareholders could get frustrated with executives that "aren't serious about performance."
Last year Yahoo rejected Microsoft's $47.5 billion hostile takeover bid. Toddo mentioned Yahoo in yesterday's Randoms: Have the Fireworks Only Just Begun?
From the Bull Pen: Bulls playing Yahoo can set a sell stop near $11-$11.50. Another method may be using call options to define your risk.
From the Bear Cave: Technology bears can consider using the Tech ETF (XLK). A buy stop can be set above $15 resistance.
Quick Check Around the World
Asian trading closed with the Hang Seng 1.61%, Nikkei 2.65%, Taiwan 1.43% and Shanghai 0.27%.
Glancing towards Europe, we see the CAC 0.88%, DAX 0.62%, FTSE 1.04%
As of 8:00 AM EST, S&P Futures are trading +7 to 752, and Nasdaq futures are +4 to 1140.
A Look At Commodities
Crude oil is trading 0.14 to 40.10. Gold is -9.90 to 959.60. Silver is -0.26 to 13.730, and copper +3.20to 151.90.
The dollar index is +0.3200 to 87.3700.
On the Radar
07:00 MBA Mortgage Applications
10:00 Existing Home Sales 4.80 m
10:00 Existing Home Sales MoM 1.3%
Click here for the full trading radar.
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