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for $25 a share in a deal worth $6.5 billion dollars -- the offer represents more than 75% premium over National Semi's prior closing price of $14.07.
The sector will be in focus today on speculation of broader consolidation with
up in pre-market trading. On the morning call,
were highlighted as potential M&A plays.
US futures are down in early trading as China's central bank raised interest rates on the one-year deposit and lending rates by 25 basis points. The hike is the fourth by China since October.
dumping radioactive water from the Fukushima plant into the ocean send the Nikkei lower one percent.
Portugal's bonds fall on a Moody's ratings cut, saying a bailout is inevitable. European stocks are flat, and the Euro currency is lower against the US dollar. Silver continues make new highs, but crude oil retreats, down a half-percent, as Qaddafi loses ground politically to the Rebel coalition.
index weighting from 20.5% to roughly 12.22%... while
will all see their index weighting at least double.
reports earnings tomorrow bringing
into focus on Wednesday
The oil service index remains strong as crude bases above the $106 level. Oil stocks such as
( WTL) look good technically, but may need a few days of rest before making another move.
had an explosive move above 52-week high, look for
Rare Element Resources
China Shen Zhou Mining
to play catch up.
posted big gains again, on the morning call Scott talk's about taking profits in the hi-flying Chinese internet companies.
Disclosures: Scott Redler is long AAPL, BAC, GLD, F, V, JPM, SOHU and short SPY. Alix Steel is long FXI.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.