Good morning. We have a positive bias this morning as some good news resurfaces on the economy.
A dip in oil prices, better than expected retail sales last month, and some M&A activity have set the tone. Amid the negatives, you'll want to monitor the management changes at Lehman (and investors' reaction to them) and rising initial jobless claims.
Premarket gainers: AIRT, CMED, CYBX, DGLY, OCCF, ABI, BUD, IBN, SQNM, ENS, CASY, BZP, SHPGY, TAP, SPLS, BAX, FSTR, UAUA, TASR, TITN, SHPGY, TRGL, GERN, SWKS, BZP, BEAV, NTAP, ESLR, & MRVL.
Premarket losers: NCMI, CHDX, INVGN, BMRN, DRYS, ROYL, DROOY, VSE, AXYS, BCSI, TBSI, EGR, PWER, NCMI, ROC, EXM, TOO, NDN, VE, & KEY.
At 10:AM the business inventories report comes out. Also, keep in mind that tomorrow morning we have the CPI prior to the opening bell.
Again, we're oversold enough to see an oversold bounce before the week is out. Go make it a great day!
