According to Reuters, oil price moved toward $120 on fear for supply interruptions.
Reuters writes that Chrysler is trying to sell two of its North American plants.
Reuters reports that many Wall St. analysts believe that Microsoft (MSFT) will launch a hostile bid for Yahoo! (YHOO).
Reuters writes that Continental (CAL) will not merge with United (UAUA).
Reuters writest that the Fed will probably cut rates but pause from any further reductions.
Reuters reports that Qantas will raise fare due to higher fuel prices.
The Wall Street Journal writes that Berkshire Hathaway (BRK) and Mars are near at $22 billion to wuy Wrigley (WWY).
The Wall Street Journal reports that China may begin to launch satellite for foreign countries.
The Wall Street Journal reports that AMD (AMD) is making a push for getting more small business customers.
The Wall Street Journal writes that profits at China Life (CHL) fell 61%.
The Wall Street Journal writes that Big Oil should report huge profits this week.
The New York Times writes that Google (GOOG) is releasing new software for better image recognition.
The FT writes that investors are pulling huge finds out of large mutual funds.
ISRG: Recent pullback is a buying opportunity@JMPS
JMP Securities believes Intuitive’s valuation indicates some concern about the company’s ability to meet its guidance, but the firm thinks Intuitive is well-positioned to exceed its sales guidance. The firm maintained their Outperform rating.
Visa (V) quiet period has ended and the analysts are out before earnings with their price targets and comments.
V initiated with a Buy, target $88@UBSW
UBS is positive on Visa as they believe secular growth story of “paper to plastic” shows no sign of a slowdown
V initiated with a Neutral@PIPR
While Piper believes that Visa should generate long-term earnings growth and free cash flow, the firm thinks that Visa’s valuation has increased the risk that strong earnings growth may not meet investors’ expectations. However, the firm believes that Visa can still post strong results despite the U.S.
