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Friday’s Trading Headlines, Ideas and Tweets


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AP Photo/Mark Lennihan

The week's coming to an end with a host of big news Friday, including a jobs report and monthly data on car sales, but on the trading side, we're looking at a story that could have numerous implications for Wall Street -- the future of the New York Stock Exchange.

From AP: Nasdaq is teaming up with IntercontinentalExchange to make an $11.3 billion counteroffer for the parent of the New York Stock Exchange. Read on for more details in Nasdaq, ICE Make $11.3B Bid for NYSE Euronext.

The New York Times notes that "the deal faces significant obstacles. While the bar is already high for hostile takeovers, Nasdaq and NYSE have long been rivals -- and its unclear how the two could work together. Nor has Deutsche Boerse made clear how it will respond to the counteroffer. Continue with Nasdaq, ICE Make Hostile Play for NYSE Euronext.

At CNBC, there's a look at how traders feel about the possible combination. Read on in Traders on ICE Offer; Most Anti, Some Pro

Meanwhile, we're continuing to follow the story of David Sokol, the Berkshire Hathaway (BRK-B) executive who stepped down this week and whose trading in Lubrizol (LZ) is now the subject of considerable media scrutiny. Among the headlines:

--Buffett's Handling of Deputy Baffles Some Experts - The New York Times

--S.E.C. Said to Weigh Inquiry of Sokol's Lubrizol Trades - The New York Times

--Aide's Trades Pressure Buffett - The Wall Street Journal

--Berkshire's Abel Advances in Buffett's 'Top 4' After Sokol Exit - Bloomberg

Also in the headlines:

--Should You Sell in April and Go Away? - MarketWatch

--Subprime Bonds Are Back - The Wall Street Journal

--Dividends Come Roaring Back in 2011 - AP

--Oil Prices and S&P Profit Forecasts - 24/7 Wall St.

--Emerging-Market Stocks Rise to Highest Since June 2008 on Growth - Bloomberg

--A Stock to Depend On - Barron's

On the blogs:

--Contextualizing the NFP Data - Barry Ritholtz, The Big Picture

--Stock ETFs Attract $4 Billion Inflows In Week; Domestic Funds Remain Popular - Focus on Funds, Barron's

--Best Q1 in 13 Years - Eddy Elfenbein via Seeking Alpha

--First Quarter Performance Numbers Across Asset Classes - Bespoke Investment Group via Seeking Alpha

From Twitter:

--Dr. John Rutledge @johnrutledge Jobs up a healthy 216K in March but private jobs even better at +230K after +240K in Feb. banks finally lending again.

--Jeffrey Carter - @pointsnfigures look at em punish that Japanese Yen

--Ashraf Laidi - @alaidi 4 mths ago became useful to look at pvt sector jobs instead of full NFP now more useful to look @ FullTime vs PartTime jobs #forex $$

--Eddy Elfenbein - @EddyElfenbein S&P 500 looks to open around 1,330. There's an outside chance we could hit the highest close in 33 months. $$

--Mike Jackson - @bondscoop Forget gold, go long tin foil. @Morgan_03

After you've read these, help us and your fellow investors by letting us know what we're missing. Point us to the great content you've found so that we can share it with the world. Email us at And follow our Breakout hosts Jeff Macke @JeffMacke and Matt Nesto @MattNesto.

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