Futures Lower, Microsoft Withdraws Its Bid for Yahoo!

Tags: SPX
5 May 7:39pm
Posted by SchaeffersResearch
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Good morning everyone - welcome to the beginning of a new trading week. We start today's session with stock futures lower and the headlines dominated by word that Microsoft (MFST) has withdrawn its bid for Yahoo (YHOO). Shares of YHOO are currently showing a bid that is 22% lower than Friday's close. The S&P futures are 5 points below fair value. Gold is up 10.00 to 868.00.


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Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.

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