Timing is everything. After yesterday's blah day on Wall Street, news from the
Semiconductor Industry Association
that semiconductor sales are expected to
grow 37% couldn't have come at a better time.
The news got preopen trading on
off to a racing start, with
the second-most active stock. It lately was up 38 cents to $27.69 on 70,000 shares.
The news had
Also, this morning the recently merged
, which just started trading under that name and the "TRLY" ticker Thursday, was up $1.13 to $24.13 on 172,650 shares this morning, and was the most actively traded stock. Wednesday, European analysts initiated buy ratings on the stock, saying the company was going to be a winner in Europe. The company has continued to expand; its European unit announced overnight that it will buy leading Paris-based Web site MultiMania for $191 million.
( WCOM) was making a comeback after being the most popular stock on the
Wednesday for the wrong reasons. The stock
tumbled after it warned of lower-than-expected earnings and said it would create two tracking stocks.
Early futures action was indicating a flat to positive open.
S&P 500 futures on
lately were up 6 to 1438, about 6 points above fair value as calculated by
futures were up 32.5 to 3300, about 1 point below fair value as calculated by
Europe's major indices were tentatively higher going into midsession, with France's
up 0.1%, Germany's
up 0.6% and the U.K.'s
up 0.2%. Japan's
lost 0.2% overnight, while Hong Kong's
slipped 0.4% (see today's
Asian Markets Update for more).
For Wednesday's postclose trading, see The Night Watch.