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Two Ways: Yahoo Gets a New Look


Strengthen your portfolio in good times and bad.

Yahoo's Makeover

Yahoo (YHOO) may launch its new homepage today, a few months earlier than it previously planned. According to The Wall Street Journal, the project, known inside the company as "Metro," was started under former CEO Jerry Yang. But current Chief executive Carol Bartz made it a top priority since she joined Yahoo last January.

The biggest feature for the second-most visited website among US Internet users will be the ability to customize the page with links to other sites, even some that may be viewed as competitors like Google's (GOOG) Gmail, and Twitter.

From the Bull Pen: Yahoo reports second quarter earnings after the bell so there's a lot of risks involved with the stock for short-term traders. But bulls with a longer term view can set an initial position here, and consider adding on pullbacks toward the $15.50ish level with a sell stop near $14.

From the Bear Cave: In tech, bears can eye Research In Motion (RIMM). Watch the behavior when and if the stock can get to $86. Failure could confirm a bearish double top sell signal.

Quick Check Around the World

Asian trading closed with the Hang Seng -0.01%, India -0.85%, Shanghai -1.64%, Nikkei 2.73%, and Taiwan 0.21%.

Glancing towards Europe, we see the FTSE 0.68%, CAC 0.71%, DAX 0.98%

As of 8:20 AM EST, S&P Futures are trading +3.500 to 952.50 and Nasdaq futures are +3.000 to 1543.50.

A Look at Commodities

Over in commodities, crude oil is trading +0.42 to 64.40 while gold is -0.600 at 948.20 this morning. Silver is -0.590 to 13.55 and copper -1.05 to 245.30.

The dollar index is -0.0450 to 79.0050.

No economic events on the radar today but plenty on the radar as it's the heart of earnings season. Click here for the full list.

Good luck today!
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No positions in stocks mentioned.

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