Oil has proven anything but predictable, and the drama continues. The CME Group broke up an early week oil recovery as it raised oil futures margins by 25 percent -- $1,250 per contract -- as of the close of business Tuesday.
The roll of M&A continues Tuesday with reports that Microsoft is close to buying Skype in an $8.5 billion deal, helping investors shake off worries about a new Greek bailout, or possibly worse, a lack thereof. China was in focus also after it reported its monthly trade surplus grew for the second month in a row, although some are saying the rebound may be more an indication of deceleration of the Chinese economy than growing world demand.
FROM THE BLOGS:
What Makes a Good Oversold Reading -- Capital Observer
GS: $100B Rout in Commodities "Only Temporary" -- The Big Picture
STOCKS TO WATCH:
* Microsoft (MSFT) will buy Internet phone network Skype in an $8.5 billion deal.
* Disney (DIS) will report earnings today after the closing bell. The company is expected to report fiscal 2Q earnings of 57 cents a share.
UPGRADES & DOWNGRADES:
* Tyson Foods (TSN) has been downgraded to underperform from buy at BofA/Merrill.
* Saks (SKS) has been upgraded to neutral from sell at Goldman.
* Cisco (CSCO) has been initiated with a buy at BGC Financial.
* No Silver Lining in Petroleum Prices - Barrons.com
* LinkedIn and Freescale Join Surge of I.P.O.'s — NYTimes
* Where to invest in a post-crisis world — MarketWatch
* Why Berkshire and Buffett never lose — MarketWatch
* Dodd-Frank Dissenters Sound Off — NYTimes
Compiled by Elizabeth Trotta and Rebecca Stropoli.
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 email@example.com.