Monday, April 23, 2007

Pre Market

The markets in Asia are bullish this morning while the European markets are mixed.


Hasbro profit beats estimates on strong demand for Spider Man Toys. Hasbro's 5 year deal with Marvel to sell toys based on Marvels
characters is really paying off.I believe Hasbro will continue enjoying strong profit growth in the coming years.

L-3 profit increases 17% with strong demand for government services and aircraft modernization among others.

Amgen, Boston Scientific and Texas Instruments are among some of the big companies announcing earnings today.

Barclays is acquiring ABN Amro for $91.16B in the largest bank takeover ever.In the process, ABN is selling it US subsidiary LaSalle Bank to Bank of America for $21B.

AstraZeneca is acquiring MedImmune for $15.2B, a 21% premium.People who bought into this company in Mid March are making close to a 100%" return in a month. Thats 1,200% annualized. I guess piggybacking on a Carl Icahn company is a profitable strategy.

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