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Yahoo Opens Sharply Lower

Yahoo (YHOO, $23.02, down $5.65) just opened for trading and the stock is down 20+%. The stock will probably bounce off these lows but I don’t see much of a comeback for Yahoo. The put options are trading higher but the lower put strike prices (22.50 and 20) are notRead more

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Yahoo's May Put Options

Like a kid at Christmas, I almost couldn’t sleep last night in anticipation of what Yahoo’s (YHOO, $28.67) stock will do this morning after Microsoft (MSFT, $29.24) bailed out of pursuing a merger over the weekend. I have been following the May put options on Yahoo for nearly two weeksRead more

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Breaking News: Microsoft Pulls Plug on Yahoo Bid

It’s official, Microsoft (MSFT, $29.24, down $0.16) has withdrawn it for Yahoo ($28.67, up $1.86). After going as high as $33 a share, Yahoo held out for $37 which Microsoft simply felt was too high. Microsoft’s decision to walk away from the table came Saturday after last-minute efforts to negotiateRead more

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Yahoo For $31?

Well, well, well. It appears Microsoft’s (MSFT, $29.24, down $0.16) Steve Ballmer is not a man of his words. For someone who had said that Microsoft wouldn’t raise its offer for Yahoo (YHOO, $28.67, up $1.86) because the original offer was “fair”, Mr. Ballmer is now willing to pay notRead more

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First Solar Posts Strong Numbers

First Solar (FSLR, $263.35, down $28.64) fell nearly 10% yesterday despite an outstanding earnings report on Wednesday after the bell. The company reported earnings of $0.57 a share on revenue of $197 million. Wall Street analysts had expected, on average, earnings of $0.47 on revenue of $184 million. First SolarRead more

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Microsoft's Next Move

Microsoft (MSFT, $28.78, up $0.25) is reportedly willing to pay up to $32-$33 for Yahoo (YHOO, $27.79, up $0.37) in what may be its last attempt to get Yahoo’s stockholders to pressure the board to sell. Yahoo’s board wants a deal done in the “upper $30s.” The original deal wasRead more

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Oil Stocks Slide

Despite growing its net income 17% for the quarter, Exxon Mobile ($89.34, down $3.73) is down about 4% this morning. The company reported earnings for the quarter of $10.9 billion, or $2.03 a share, up from $9.3 billion, or $1.62 a share, from Q107. Revenue came in at $116.8 billionRead more

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Market Up Then Down After Fed Cut

You could almost predict what was going to happen in the market today.  After a strong morning rally which carried the Dow past the all important 13,000 plateau, the market sold off after the Fed announced a quarter-point rate cut.  The Dow was up 178 points and briefly traded aboveRead more

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Google Still Going Strong

Google (GOOG, $578.47, up $20.00) continues its steady climb after its earnings announcement on the 18th. The stock is up another 3+% today after the company’s CEO had some positive things to say. Here is all you need to know. In an interview, he said, “In our case, we focus onRead more

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Merck's Meltdown

Merck (MRK, $37.14) has always been a tough stock to trade. It’s an investment in the Drug sector which carries extra risk due to the nature of their business. Drug and Biotech stocks trade on product announcements and development of their pipeline. Once different drugs are announced or “created” andRead more

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