Microsoft Raises Bid on Yahoo, Dollar Makes Gains
Dollar bulls rejoice as week ends with additional Dollar gains, Stock Indexes close up across the board with DJIA +48.2, SP 500 adding +4.56 and Nasdaq -3.72.
Microsoft
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PowerRating) is considering raising it’s offer for Yahoo
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PowerRating) to more than 31.00 per share to secure greater investor support.
Countrywide Financial
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PowerRating)– Credit rating was cut to junk by Standard & Poors, shares drop to 6.015.
Fidelity Magellan Fund
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PowerRating) Buys financial stocks including Bank of America
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PowerRating) and JP Morgan
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PowerRating). This led to the biggest monthly gain in 5 years for the 39 billion dollar fund. Fund manager Harry Lange seems to be calling the bottom in financials based on his recent moves.
Cabella’s Inc [CAB|CAB]- The sporting goods retailer added another .83 to 15.03 after 1st quarter profits rose greater than expectations.
Symantec
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PowerRating) climbed to its highest levels in 5-years to 19.34 after announcing a tripling of 4th quarter profits.
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