Monday Morning Musings

The market is getting another nice bounce at the open. It seems like that has been the pattern lately. Of course, I prefer a market that opens weak and builds strength into the close. But I still think last week's breakout of the COMP should have some legs.

More M&A activity is helping, like this morning's $26 billion offer for Caremark (CMX) by Express Scripts (ESRX).

Oil and gas are lower again, weighing on the energy complex. Bond yields are flat, hovering just below 4.60%.

Semis are the strongest group so far, while energy and commodities are the weakest.

In other news and notes:

• Barron's mentions insider selling at ZUMZ
• H gets acquired by Apollo Management for $9B
• BMET now in focus of private-equity firms
• Asian stocks rise overnight
• UA, formerly UARM, moves to NYSE
• SNE to enter video download market
• JOYG beats earnings, stock gaps higher
• WSJ questions GOOG's earnings power
• AKAM downgraded to Hold at Kaufman
• JNJ added to BofA's Fresh Money Focus List
• GOOG estimates raised at JP Morgan
• SNDK announces $300M stock buyback

long GOOG, JNJ, SNDK