Friday, May 18, 2007

Pre Market

The Asian markets are mixed while Europe is strong.

Stocks In Play

Earnings Announcements

Microsoft has agreed to purchase online advertiser aQuantive for $6 billion, an 85% premimum to its previous closing price.This comes on the back of Googles purchase of DoubleClick and the acquisition of 24/7 Real Media by WPP. On the back of these deals, I think ValueClick VCLK appears to be a great buy, especially considering the premiums the aforementioned companies were bought out for.

China has increased interest rates for the 2nd time in two months to slow down an overheated economy. Reserve requirements for commercial banks were also increased.

Pre market futures indicate a bullish open on the indices. Will this be an open to buy or sell into thats considering its option expiration.

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