Strong Stock Open Expected Amid Commodity Gains, Mostly Positive Earnings, Deal News
U.S. PRE-MARKET INDICATORS
-Dow Industrial futures up 95 66 points.
-S&P 500 futures up 10 points.
-Nasdaq 100 futures up 15 points.
-Nasdaq-100 Pre-Market Indicator up 11.07 at 1775.46.
GLOBAL SENTIMENT
Nikkei down 0.5%
Hang Seng up 1.4%
FTSE-100 up 1.2%
PRE-MARKET SECTOR WATCH
(+) Large cap tech: mostly firmer
(+) Chip stocks: mostly firmer
(+,-) Drug stocks: mixed
(+) Software stocks: firmer
(+) Internet stocks: firmer
(+) Financial stocks: firmer
(-,+) Auto stocks: mixed
(-,+) Airline stocks: mixed
(+,-) Retail stocks: mixed
UPSIDE MOVERS
(+) TSEM (+10%) gains in wake of TowerJazz's Asian deal.
(+) TECD (+5.1%) beats with Q3 results.
(+) TSN (+0.5%) reports Q4 earnings ahead of expectations.
(+) T (+1.3%) gets favorable Barron's coverage.
(+) XOM (+0.9%), CVX (+1%) gain as analyst boosts earnings view.
(+) AKNS (+2.9%) inks new deal.
(+) LDK (+15%) beats with Q3 and guides for Q4 revs above Street view.
(+) GIVN (+5.8%) unveils 2nd generation pill-based colononscopy solution.
(+) CPB (+2%) tops with Q1, raises FY EPS view to above Street.
(+) FSLR (+2%) sells Calif. power project.
(+) SPPI (+3.4%) gets milestone payment.
(+) NTII (+18%) announces special dividend.
(+) IBAS (+31%) agrees to $3/share buyout.
(+) DHI (+3%) gets upgrade.
(+) NEXM (+17.7%) buying Bioquant.
(+) FIF (+35.7%) sold for $738 mln.
(+) SEED (+15%) gets approval for genetically modified Phytase corn.
DOWNSIDE MOVERS
(-) CEPH (-7.7%) gets negative study results.
(+) CIEN (-6.5%) buying Nortel units.
(-) BBI (-5.4%) to combine shares into single class.
MARKET DIRECTION
Stock futures are higher, tracking commodities. Oil, gold and other
metals are gaining as the dollar pushes lower in a renewed move as
reports say weekend Federal Reserve comments put renewed pressure on
the greenback. Stocks may trade in choppy fashion in this
holiday-shortened week and with much anticipation for the early holiday
shopping season and any signs of renewed consumer strength.
Oil futures gained, last changing hands at $78.40 a barrel, up
$0.93. Oil gained as the dollar weakened and as reports said Iran
stepped up its defensive warfare exercises.
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