Yahoo! Inc. (NASDAQ: YHOO) is looking higher this morning on pre-market volume, but the stock is also getting a bit exhausted ahead of its earnings. This morning’s move is based upon the reports of a Microsoft search and advertising pact coming as soon as today. Both companies report earnings this week, so if no deal comes do not be shocked if and when there is a disappointment in the reaction. To show how much Yahoo! stock is dependent upon that deal, the 2.4% acquire to $17.28 this morning as of 8:30 has shares compares to a share price of $14.55 as recently as July 9. We have seen close to 200,000 shares trade hands. This “imminent” status will create large trading volume in either direction if and when it comes. -JON OGG
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