Monday Morning Mullings

Morning News of Note:

• TIVO YHOO: TIVO and YHOO to collaborate to offer online scheduling through Yahoo! TV-Reuters: TIVO says the offering enables Yahoo TV users to request recordings of TV shows on their Tivo Series2 devices.
• Tech Repurchase Programs: Recent Buybacks Fail to Boost Stocks Of Tech Companies Share buybacks by technology companies are all the rage. But the programs don't appear to be working in one respect: The stocks aren't jumping. Tech companies in the Standard & Poor's 500-stock index, which includes Microsoft Corp., Intel Corp. and Cisco Systems Inc., already have bought back nearly $50 billion of their own shares during the first half of this year -- the most recent data available -- nearly equaling the record $52 billion of stock repurchased by the tech sector in all of 2004, according to S&P. (Full Story) WSJ
• WMT: sees November sales up 3%-5%
• YHOO GOOG: Yahoo, Google to Launch Services For Advanced Cellphone Networks Internet powerhouses Yahoo Inc. and Google Inc. are set to roll out new wireless services, taking advantage of advanced networks and cellphones to provide features similar to those available on computers. Yahoo, Sunnyvale, Calif., soon will introduce a cellphone that it will sell through a partnership with SBC Communications Inc., according to SBC executives. (Full Story) WSJ

Market Comments: The market opens slightly higher this morning, with no big events before the open. Energy stocks are under early pressure again, while transportation stocks are higher. Tech and retail are mixed, as are healthcare and financials.

The yield on the 10-year is down slightly to 4.62%, and oil is also trading just below $60. The market is nearing short-term overbought levels, so this week is a bit of a toss-up. I would not be surprised to see further gains, nor some consolidation. But I am still looking to add to recent breakouts as I expect leading stocks to add to their gains in the near future.

long GOOG